Brandywine Global Investment Management LLC Has $1.76 Million Stock Holdings in Miller Industries, Inc. $MLR

Brandywine Global Investment Management LLC trimmed its position in shares of Miller Industries, Inc. (NYSE:MLR) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,640 shares of the auto parts company’s stock after selling 1,600 shares during the quarter. Brandywine Global Investment Management LLC owned 0.35% of Miller Industries worth $1,762,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. US Bancorp DE raised its stake in Miller Industries by 1.9% during the 2nd quarter. US Bancorp DE now owns 12,705 shares of the auto parts company’s stock worth $565,000 after buying an additional 237 shares during the period. IFP Advisors Inc raised its position in shares of Miller Industries by 98.0% during the first quarter. IFP Advisors Inc now owns 608 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Miller Industries by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,624 shares of the auto parts company’s stock worth $281,000 after purchasing an additional 312 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Miller Industries by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,539 shares of the auto parts company’s stock valued at $646,000 after purchasing an additional 349 shares in the last quarter. Finally, CW Advisors LLC lifted its holdings in shares of Miller Industries by 5.7% during the 1st quarter. CW Advisors LLC now owns 7,050 shares of the auto parts company’s stock valued at $299,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Miller Industries in a report on Wednesday, November 19th. Loop Capital set a $46.00 price objective on shares of Miller Industries in a research report on Monday, November 10th. Finally, Zacks Research upgraded shares of Miller Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.00.

Miller Industries Stock Performance

Shares of MLR opened at $37.47 on Tuesday. The stock has a market capitalization of $428.32 million, a price-to-earnings ratio of 10.24 and a beta of 1.24. Miller Industries, Inc. has a 12 month low of $33.81 and a 12 month high of $76.25. The firm has a fifty day simple moving average of $39.43 and a 200 day simple moving average of $42.20. The company has a current ratio of 3.32, a quick ratio of 2.19 and a debt-to-equity ratio of 0.13.

Miller Industries (NYSE:MLR) last issued its quarterly earnings results on Wednesday, November 5th. The auto parts company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.25. Miller Industries had a net margin of 4.35% and a return on equity of 10.48%. The firm had revenue of $178.67 million for the quarter, compared to analyst estimates of $177.55 million. Miller Industries has set its FY 2025 guidance at EPS. Research analysts forecast that Miller Industries, Inc. will post 5.68 EPS for the current fiscal year.

Miller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.80 annualized dividend and a yield of 2.1%. Miller Industries’s dividend payout ratio is 30.77%.

About Miller Industries

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.