Miller Industries (NYSE:MLR) Trading 7.3% Higher Following Strong Earnings

Shares of Miller Industries, Inc. (NYSE:MLR) were up 7.3% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $48.94 and last traded at $48.26. Approximately 57,409 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 50,633 shares. The stock had previously closed at $44.98.

The auto parts company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. Miller Industries had a net margin of 2.92% and a return on equity of 5.54%. The firm had revenue of $171.92 million for the quarter, compared to analyst estimates of $164.20 million.

Miller Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 16th will be paid a $0.21 dividend. This is a boost from Miller Industries’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, March 16th. Miller Industries’s dividend payout ratio is presently 30.77%.

Miller Industries News Roundup

Here are the key news stories impacting Miller Industries this week:

• Positive Sentiment: Q4 results topped estimates — Miller reported $0.29 EPS vs. $0.03 expected and revenue of $171.9M vs. $164.2M expected; that beat supports near‑term fundamentals and helped lift the stock. PR Newswire: Q4 and Full Year Results
• Positive Sentiment: Strategic expansion: completed acquisition of Omars to expand European footprint, secured >$150M in global military commitments, and approved capacity expansion at the Ooltewah facility — all bolster medium‑term organic and international growth prospects. PR Newswire: Strategic Initiatives
• Positive Sentiment: Dividend raised — Board approved a 5% increase to $0.21 quarterly ($0.84 annualized), signaling cash‑flow confidence and increasing yield for income investors (ex‑dividend March 16). PR Newswire: Dividend Increase
• Neutral Sentiment: Earnings call transcripts and management commentary are available — read the company Q4 call and third‑party transcripts to hear management’s color on backlog, military program timing, and integration of Omars. SA: Q4 2025 Earnings Call Transcript Fool: Earnings Call Transcript
• Neutral Sentiment: Analyst/opinion pieces note the quarter was a positive surprise but vary on whether it meaningfully changes the long‑term outlook — useful to read for differing analyst views. SA: This Surprise Doesn’t Change Things
• Negative Sentiment: FY‑2026 revenue guidance cut to $850M–$900M, materially below the ~$970.7M consensus; management did not provide clear EPS guidance in the update — this guidance gap is the main reason for near‑term investor concern despite the beat and strategic wins. SA: Revenue Target & Guidance

Analyst Ratings Changes

A number of brokerages have weighed in on MLR. Loop Capital set a $46.00 price objective on Miller Industries in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Miller Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.00.

Institutional Trading of Miller Industries

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 312 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Miller Industries by 66.5% in the second quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 329 shares during the last quarter. CWM LLC lifted its stake in Miller Industries by 121.7% in the third quarter. CWM LLC now owns 849 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 466 shares during the last quarter. SG Americas Securities LLC grew its holdings in Miller Industries by 4.0% during the 4th quarter. SG Americas Securities LLC now owns 13,141 shares of the auto parts company’s stock worth $491,000 after acquiring an additional 504 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Miller Industries by 7.5% in the 4th quarter. Osaic Holdings Inc. now owns 7,977 shares of the auto parts company’s stock valued at $298,000 after purchasing an additional 556 shares during the last quarter. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Miller Industries Stock Performance

The stock’s 50-day simple moving average is $41.53 and its 200 day simple moving average is $40.35. The company has a market capitalization of $550.35 million, a PE ratio of 24.32 and a beta of 1.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.13 and a current ratio of 3.46.

About Miller Industries

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.