Mueller Industries (MLI) Stock Forecast, Price & News

Mueller Industries' stock was trading at $59.00 at the beginning of the year. Since then, MLI stock has increased by 23.6% and is now trading at $72.94.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our MLI earnings forecast.

Mueller Industries, Inc. (NYSE:MLI) issued its quarterly earnings data on Tuesday, July, 25th. The industrial products company reported $3.12 EPS for the quarter, beating the consensus estimate of $2.40 by $0.72. The industrial products company earned $897 million during the quarter, compared to analysts' expectations of $1.04 billion. Mueller Industries had a trailing twelve-month return on equity of 33.92% and a net margin of 17.46%. Mueller Industries's revenue was down 22.0% on a year-over-year basis.

Mueller Industries declared a quarterly dividend on Friday, July 28th. Shareholders of record on Friday, September 1st will be given a dividend of $0.30 per share on Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for MLI.

ETFs with the largest weight of Mueller Industries (NYSE:MLI) stock in their portfolio include Subversive Food Security ETF (KCAL), The Acquirers Fund (ZIG), Invesco S&P SmallCap Industrials ETF (PSCI), Cambria Value and Momentum ETF (VAMO), Invesco Water Resources ETF (PHO), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Water ETF (FIW) and Freedom Day Dividend ETF (MBOX).

Mueller Industries (NYSE:MLI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.63%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MLI.

Mueller Industries's stock split on Monday, March 31st 2014. The 2-1 split was announced on Friday, February 21st 2014. The newly created shares were payable to shareholders after the market closes on Friday, March 28th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

23 employees have rated Mueller Industries Chief Executive Officer Gregory L. (Greg) Christopher on Glassdoor.com. Gregory L. (Greg) Christopher has an approval rating of 40% among the company's employees. This puts Gregory L. (Greg) Christopher in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mueller Industries investors own include Crown (CCK), Masco (MAS), Verizon Communications (VZ), Harley-Davidson (HOG), International Paper (IP), WestRock (WRK), AMETEK (AME), Commercial Metals (CMC), Eastman Chemical (EMN) and EOG Resources (EOG).

Mueller Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MLI."

Mueller Industries' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.63%), Allspring Global Investments Holdings LLC (4.46%), Dimensional Fund Advisors LP (3.64%), Gamco Investors INC. ET AL (3.60%), State Street Corp (3.56%) and Gabelli Funds LLC (2.45%). Insiders that own company stock include Anthony Steinriede, Gary S Gladstein, Gregory L Christopher, John B Hansen, Scott Jay Goldman and Steffen Sigloch.
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Shares of MLI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MLI stock can currently be purchased for approximately $72.94.

Mueller Industries (NYSE:MLI) has a market capitalization of $4.14 billion and generates $3.98 billion in revenue each year. The industrial products company earns $658.32 million in net income (profit) each year or $11.39 on an earnings per share basis.

The company employs 5,137 workers across the globe.

Mueller Industries' mailing address is 150 Schilling Boulevard Suite 100, Collierville TN, 38017. The official website for the company is www.muellerindustries.com. The industrial products company can be reached via phone at (901) 753-3200, via email at investorrelations@muellerindustries.com, or via fax at 901-753-3251.