Mueller Industries, Inc. (NYSE:MLI) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given Mueller Industries an industry rank of 160 out of 255 based on the ratings given to its competitors.
A number of analysts have recently issued reports on the stock. TheStreet upgraded shares of Mueller Industries from a “c” rating to a “b-” rating in a research note on Friday, May 18th. Boenning Scattergood assumed coverage on shares of Mueller Industries in a research note on Friday, May 18th. They set a “neutral” rating for the company.
In related news, Director Scott Jay Goldman bought 1,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was bought at an average price of $33.24 per share, for a total transaction of $33,240.00. Following the purchase, the director now owns 11,000 shares in the company, valued at approximately $365,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John B. Hansen sold 4,000 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $32.25, for a total transaction of $129,000.00. Following the sale, the director now owns 45,607 shares of the company’s stock, valued at approximately $1,470,825.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,500 shares of company stock valued at $306,220. 2.80% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Mueller Industries during the first quarter worth about $174,000. Raymond James Financial Services Advisors Inc. bought a new position in Mueller Industries during the second quarter worth about $203,000. CIBC Asset Management Inc bought a new position in Mueller Industries during the second quarter worth about $222,000. Global X Management Co. LLC increased its position in Mueller Industries by 108.9% during the first quarter. Global X Management Co. LLC now owns 8,335 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 4,345 shares during the period. Finally, Advisor Partners LLC bought a new position in Mueller Industries during the second quarter worth about $256,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.
MLI stock traded up $0.23 during trading hours on Thursday, reaching $29.09. The stock had a trading volume of 138,000 shares, compared to its average volume of 241,771. The stock has a market cap of $1.67 billion, a P/E ratio of 19.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.43 and a quick ratio of 2.35. Mueller Industries has a fifty-two week low of $25.26 and a fifty-two week high of $37.57.
Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $662.77 million during the quarter, compared to analysts’ expectations of $663.41 million. Mueller Industries had a net margin of 3.59% and a return on equity of 16.10%. equities research analysts anticipate that Mueller Industries will post 1.82 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 6th. Mueller Industries’s dividend payout ratio is presently 26.85%.
About Mueller Industries
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, plastic fittings, line sets, and related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.
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