New Analyst Forecast: $MYE Given $21.0 Price Target

KeyBanc analyst Christian Zyla set a price target of $21.00 for MYE. Over the last six months, MYE insiders have purchased shares three times, with CEO Aaron Schapper acquiring 1,972 shares for approximately $24,985. Institutional investors displayed mixed activity in Q1 2025, with William Blair Investment Management and Victory Capital Management reducing their positions by 1,310,361 and 915,378 shares, respectively, while Invenomic Capital Management and LSV Asset Management increased their holdings by 631,463 and 328,904 shares, respectively.

Analysis

Myers Industries, Inc. (MYE) has received a new price target of $21.00 from KeyBanc analyst Christian Zyla, signaling a potentially positive outlook from this particular research desk. This analyst action is complemented by recent insider activity, which has been exclusively bullish over the past six months, featuring three separate purchase transactions and no sales. Notably, President and CEO Aaron M. Schapper acquired 1,972 shares for approximately $24,985, alongside purchases by Jeffrey Kramer (1,000 shares for ~$11,630) and Yvette Dapremont Bright (500 shares for ~$5,720), indicating strong conviction from key executives. However, institutional investor sentiment presents a more nuanced picture. While 80 institutions added MYE to their portfolios in the most recent quarter, 107 decreased their positions, suggesting a net outflow or rebalancing among larger investors. Significant divestments include William Blair Investment Management liquidating its entire $15.6 million stake (1,310,361 shares) in Q1 2025, Victory Capital Management reducing its holding by 92.2% (915,378 shares, ~$10.9 million) in Q1 2025, and Wellington Management Group LLP also exiting its $3.6 million position (323,538 shares) in Q4 2024. Conversely, Invenomic Capital Management LP significantly increased its stake by 163.3% (631,463 shares, ~$7.5 million) and LSV Asset Management made a substantial new investment, adding 328,904 shares (+903.6%, ~$3.9 million) in Q1 2025, while Norges Bank also initiated a position of 288,038 shares (~$3.2 million) in Q4 2024. The overall sentiment score of 0.4 (moderately positive) for MYE reflects this blend of positive analyst and insider signals against a backdrop of divergent institutional activity.

Key Decisions for Investors

• Investors should weigh the bullish insider purchasing activity and the new $21 price target from KeyBanc against the mixed institutional flows, where significant liquidations by some funds are contrasted by substantial new investments from others.
• Monitor upcoming 13F filings closely to gauge whether the trend of institutional selling by firms like William Blair and Victory Capital continues, or if buying interest from investors like Invenomic and LSV Asset Management becomes more widespread.
• Consider the conviction demonstrated by consistent insider buying, particularly from the CEO, as a potentially strong positive signal, and evaluate if current market pricing adequately reflects this versus the recent institutional selling pressure.