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Principale » First Trust Advisors LP Purchases Shares of 50113 Herman Miller, Inc. (MLHR)

First Trust Advisors LP Purchases Shares of 50113 Herman Miller, Inc. (MLHR)

11 Juillet 2017

Two Sigma Investments LP acquired a new stake in shares of Herman Miller during the fourth quarter valued at about $819,000. Proficio Capital Partners LLC owns 22 shares worth $1,000. For now, Herman Miller, the toast of Wall Street as its ABR stands at 2.00 with 2 out of 4 analysts rating the stock a buy.

An institutional investor recently raised its position in Virco Manufacturing Corporation stock. Meadow Creek Investment Management LLC increased its stake in shares of Herman Miller by 5.1% in the first quarter. Glen Harbor Capital Management LLC now owns 4,182 shares of the business services provider's stock worth $132,000 after buying an additional 204 shares during the period. Cipher Capital LP purchased a new position in Herman Miller during the fourth quarter worth approximately $253,000. Finally, Asset Management One Co.

COPYRIGHT VIOLATION NOTICE: "Q1 2018 EPS Estimates for Herman Miller, Inc". Shares saw a steep increase in trading volume of 136.83% over the normal average daily volume.

Brian C. Walker, CEO reported the sale of 8,000 shares of MLHR stock. Cree, Inc. (CREE) has made its way to a 12-month gain of 3.18%. The firm has a market capitalization of $2.04 billion, a PE ratio of 16.63 and a beta of 1.44.

The stock's 50 day moving average is 31.54 and its 200 day moving average is 31.76.

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By historical standards, Herman Miller, Inc. remains a cheap stock. In the last earnings report the EPS was $2.05 and is expected to be $2.21 for the current year with 59,751,000 shares outstanding. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. The business had revenue of $577.20 million for the quarter, compared to the consensus estimate of $583.53 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business's revenue for the quarter was down.9% on a year-over-year basis. The value of the investment in Herman Miller, Inc. went from $5,000 to $19,000 a change of $14,000 for the reporting period.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. The dividend payment will be $0.170 per share for the quarter which is $0.68 annualized. The ex-dividend date is Wednesday, May 31st. Herman Miller's dividend payout ratio is now 33.17%.

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Several research firms recently commented on MLHR. Wedbush reissued an outperform rating and issued a $6.00 price objective (up previously from $5.00) on shares of Virco Manufacturing Corporation in a research note on Wednesday, June 21st. The stock notched a 12-month high of $38.00 while $38.00 target is by far the most aggressive out of analysts who are now evaluating the company, $0 higher than the next highest 52-week price estimate. Zacks Investment Research raised shares of Herman Miller from a "hold" rating to a "buy" rating and set a $35.00 price target for the company in a research note on Tuesday, March 28th. Finally, Raymond James Financial, Inc. upgraded shares of Herman Miller from an "underperform" rating to a "market perform" rating in a research report on Thursday, March 23rd.

Cree, Inc. has a consensus hold rating from 14 Wall Street analysts, and the number of shares now sold short amount to at least 10.72% of shares outstanding. The stock has an average rating of "Hold" and a consensus target price of $36.50. The lowest price the stock reached in the last trading day was $33.47 and compares with the $26.99 52-week low. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael F. Ramirez sold 1,297 shares of Herman Miller stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $32.05, for a total transaction of $511,710.30. Following the completion of the sale, the insider now directly owns 38,966 shares of the company's stock, valued at $1,248,860.30. Douglas D. French, Director disclosed the sale of 998 shares. Over the last 90 days, insiders have sold 36,199 shares of company stock valued at $1,195,923. Company insiders own 1.91% of the company's stock.