Miller Industries (MLR)

• Market cap: $777M
• 1 day: -0.32%
• 5 days: 9.08%
• 1 month: -2.51%
• 3 months: 6.36%
• 6 months: 8.76%
• Year to date: 3.16%
• 1 year: 75.54%
• 5 years: 90.62%
• 10 years: 235.97%
• Sector: Consumer Discretionary
• Industry: Truck & Bus Bodies

About: Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold in North America, Canada, and Mexico through independent distributors.

Employees: 1,591

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 24

18% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 49

15% more capital invested

Capital invested by funds: $522M [Q2] → $598M (+$76.2M) [Q3]

4% more funds holding

Funds holding: 159 [Q2] → 165 (+6) [Q3]

2.91% more ownership

Funds ownership: 82.72% [Q2] → 85.62% (+2.91%) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $82 21% upside
• Avg. target: $82 21% upside
• High target: $82 21% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

DA Davidson Michael Shlisky 44% 1-year accuracy 12 / 27 met price target

21% upside $82

Buy Maintained

15 Nov 2024