On November 27, 2024, Jeffrey Kramer, a Director at Myers Industries Inc (MYE, Financial), purchased 1,000 shares of the company. Following this transaction, the insider now owns a total of 22,328 shares. This transaction is documented in the SEC Filing. Myers Industries Inc is a diversified manufacturing company that specializes in polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The company operates through two segments: Material Handling and Distribution. The insider transaction history for Myers Industries Inc indicates a trend of insider buying, with five insider purchases and no insider sales over the past year. This suggests a level of confidence in the company's prospects among its insiders.
On the day of the recent purchase, shares of Myers Industries Inc were trading at $11.59, resulting in a market cap of $432.211 million. The company's price-earnings ratio stands at 27.62, which is higher than the industry median of 17.28 and also above the company's historical median price-earnings ratio. The GF Value for Myers Industries Inc is estimated at $18.72, giving the stock a price-to-GF-Value ratio of 0.62. This suggests that the stock is a "Possible Value Trap, Think Twice" based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.