Miller Industries (NYSE:MLR) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

02 Oct 2026, 19:40 by Kim Johansen · The Markets Daily

Miller Industries, Inc. (NYSE:MLR – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $50.10 and traded as high as $53.71. Miller Industries shares last traded at $52.5070, with a volume of 61,641 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Miller Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Miller Industries in a research note on Monday, September 21st. DA Davidson raised their price target on shares of Miller Industries from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of Miller Industries from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $54.00.

View Our Latest Stock Analysis on MLR

Miller Industries Stock Up 1.7%

The stock’s 50-day moving average price is $54.42 and its 200 day moving average price is $50.16. The firm has a market capitalization of $614.15 million, a price-to-earnings ratio of 43.64 and a beta of 1.12.

Miller Industries (NYSE:MLR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The auto parts company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.27. The firm had revenue of $239.99 million for the quarter, compared to analyst estimates of $210.80 million. Miller Industries had a net margin of 1.86% and a return on equity of 3.41%. On average, sell-side analysts anticipate that Miller Industries, Inc. will post 1.95 earnings per share for the current year.

Miller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 8th were given a $0.21 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.6%. Miller Industries’s dividend payout ratio is 67.74%.

Hedge Funds Weigh In On Miller Industries

A number of institutional investors have recently added to or reduced their stakes in MLR. First Wilshire Securities Management Inc. increased its stake in Miller Industries by 980.1% during the fourth quarter. First Wilshire Securities Management Inc. now owns 298,801 shares of the auto parts company’s stock worth $11,166,000 after acquiring an additional 271,136 shares during the last quarter. Heartland Advisors Inc. acquired a new position in shares of Miller Industries in the 1st quarter valued at $5,466,000. Bank of New York Mellon Corp purchased a new position in shares of Miller Industries during the 2nd quarter worth $5,985,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of Miller Industries during the fourth quarter valued at about $3,034,000. Finally, Azarias Capital Management L.P. boosted its position in shares of Miller Industries by 175.7% during the 1st quarter. Azarias Capital Management L.P. now owns 110,426 shares of the auto parts company’s stock worth $5,030,000 after purchasing an additional 70,379 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

About Miller Industries

(Get Free Report)

Miller Industries, Inc is a manufacturer of towing and recovery equipment headquartered in Tennessee. The company designs and produces tow trucks, wreckers, car carriers, transport trailers, and related equipment used to recover, tow, and transport passenger vehicles, commercial trucks, buses, and other heavy-duty vehicles.

Its product portfolio includes light-, medium-, and heavy-duty wreckers; integrated tow trucks; carriers; rotators; and specialized recovery equipment. Miller Industries markets products under brands including Century, Vulcan, Chevron, Holmes, and Champion, and also provides replacement parts and related support services.