Citigroup Inc. Acquires 43,444 Shares of Miller Industries, Inc. $MLR

Citigroup Inc. grew its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 219.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,227 shares of the auto parts company’s stock after purchasing an additional 43,444 shares during the period. Citigroup Inc. owned about 0.55% of Miller Industries worth $2,556,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Miller Industries by 41.9% in the first quarter. AQR Capital Management LLC now owns 13,019 shares of the auto parts company’s stock valued at $552,000 after buying an additional 3,846 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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. Millennium Management LLC increased its stake in Miller Industries by 855.1% during the 1st quarter. Millennium Management LLC now owns 156,930 shares of the auto parts company’s stock worth $6,649,000 after acquiring an additional 140,500 shares during the period. Goldman Sachs Group Inc. increased its stake in Miller Industries by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 286,984 shares of the auto parts company’s stock worth $12,160,000 after acquiring an additional 112,925 shares during the period. Finally, Strs Ohio acquired a new position in Miller Industries in the 1st quarter valued at $182,000. 79.24% of the stock is owned by institutional investors.

Key Headlines Impacting Miller Industries

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

• Positive Sentiment: Q4 results beat expectations — Miller reported $0.29 EPS (vs. $0.03 consensus) and revenue of $171.9M (vs. $164.2M consensus), showing stronger near‑term demand and margin improvement. This underpinned the call and slide materials. Q4 Press Release
• Positive Sentiment: Dividend raised — the company increased its quarterly dividend to $0.21 (5% raise), signaling cashflow confidence and returning capital to shareholders (yield ≈1.9%, ex‑dividend Mar 16).
• Positive Sentiment: Strategic growth initiatives — management highlighted expansion into European markets and military contract opportunities as drivers of the company’s $850M–$900M 2026 revenue target, indicating runway for organic and defense‑sector growth. Expansion & Guidance Article
• Neutral Sentiment: Full call materials and transcripts posted — slides and multiple call transcripts are available for investors who want detail on backlog, margin outlook and capital allocation; these provide granular color but no immediate change to the headline story. Earnings Call Transcript
• Negative Sentiment: FY‑2026 revenue guidance disappointed vs. consensus — management guided $850M–$900M, materially below the ~ $970.7M consensus cited by analysts, creating downward pressure on expectations for near‑term top‑line growth and valuation.
• Negative Sentiment: Analyst reaction muted — coverage notes that the Q4 beat is encouraging but the lower guidance and cautious commentary mean some analysts are keeping forecasts and ratings unchanged, limiting immediate upside. Analyst Note

Analysts Set New Price Targets

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

Miller Industries Stock Performance

Shares of Miller Industries stock opened at $45.91 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.13 and a debt-to-equity ratio of 0.07. The company has a market cap of $522.00 million, a PE ratio of 23.19 and a beta of 1.25. The company has a 50 day moving average of $41.68 and a 200-day moving average of $40.37. Miller Industries, Inc. has a 1-year low of $33.81 and a 1-year high of $49.00.

Miller Industries (NYSE:MLR) last announced its quarterly earnings data on Wednesday, March 4th. The auto parts company reported $0.29 earnings per share (EPS) 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 5.52%. The business had revenue of $171.92 million for the quarter, compared to analysts’ expectations of $164.20 million. As a group, equities research analysts forecast that Miller Industries, Inc. will post 5.68 earnings per share for the current fiscal year.

Miller Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 16th will be issued a dividend of $0.21 per share. This is an increase from Miller Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Miller Industries’s payout ratio is presently 40.40%.

Miller Industries Profile

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.