NYSE:MLI

Mueller Industries (MLI) Stock Forecast, Price & News

$72.94

+0.32 (+0.44%)

(As of 09/22/2023 ET)

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Today's Range: $72.61
▼
$73.71
50-Day Range: $72.27
▼
$91.84
52-Week Range: $57.10
▼
$91.93

Volume: 195,724 shs
Average Volume: 353,522 shs
Market Capitalization: $4.14 billion

P/E Ratio: 6.40
Dividend Yield: 1.65%
Price Target: N/A

Mueller Industries MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
8.98% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.83
Based on 7 Articles This Week
Insider Trading: Selling Shares
$195,825 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.65 out of 5 stars

Industrial Products Sector

164th out of 177 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

5th out of 7 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Mueller Industries.

0.0

Short Interest

Percentage of Shares Shorted
8.98% of the float of Mueller Industries has been sold short.
Short Interest Ratio / Days to Cover
Mueller Industries has a short interest ratio ("days to cover") of 12.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Mueller Industries has recently increased by 2.06%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Mueller Industries pays a meaningful dividend of 1.65%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Mueller Industries has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Mueller Industries is 10.54%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MLI.

3.2

News and Social Media Coverage

News Sentiment
Mueller Industries has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Mueller Industries this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for MLI on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
6 people have added Mueller Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mueller Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $195,825.00 in company stock.
Percentage Held by Insiders
Only 2.80% of the stock of Mueller Industries is held by insiders.
Percentage Held by Institutions
94.50% of the stock of Mueller Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Mueller Industries is 6.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mueller Industries is 6.40, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.33.
Price to Book Value per Share Ratio
Mueller Industries has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Mueller Industries (NYSE:MLI) Stock

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling. It also resells steel pipes, brass and plastic plumbing valves, malleable iron fittings and faucets, and plumbing specialties; and supplies water tubes. This segment sells its products to wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs). The Industrial Metals segment manufactures brass, bronze, and copper alloy rods; plumbing brass, valves, fittings, and gas assemblies; cold-form aluminum and copper products; machining of aluminum, steel, brass, and cast iron impacts and castings; brass and aluminum forgings; brass, aluminum, and stainless-steel valves; fluid control solutions; and gas train assembles to OEMs in the industrial, construction, HVAC, plumbing, and refrigeration markets. The Climate segment offers valves, protection devices, and brass fittings for various OEMs in the commercial HVAC and refrigeration markets; high-pressure components and accessories for the air-conditioning and refrigeration markets; coaxial heat exchangers and twisted tubes for the HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets; and insulated HVAC flexible duct systems. Mueller Industries, Inc. was founded in 1917 and is headquartered in Collierville, Tennessee.

MLI Price History

30 days | 90 days | 365 days | Advanced Chart

MLI Stock News Headlines

September 21, 2023 | americanbankingnews.com

Critical Comparison: Paul Mueller (OTCMKTS:MUEL) and Mueller Industries (NYSE:MLI)

September 19, 2023 | americanbankingnews.com

Mueller Industries (NYSE:MLI) Stock Rating Lowered by StockNews.com

September 24, 2023 | Behind the Markets (Ad)

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September 18, 2023 | finance.yahoo.com

Why The 37% Return On Capital At Mueller Industries (NYSE:MLI) Should Have Your Attention

July 31, 2023 | finance.yahoo.com

Mueller Industries, Inc. Announces Special Meeting to Approve Increase in Authorized Common Stock

July 25, 2023 | seekingalpha.com

Mueller Industries: Sound Company, But Not A Fan At These Levels

July 25, 2023 | markets.businessinsider.com

Mueller Industries Q2 Income Drops

July 25, 2023 | markets.businessinsider.com

Mueller Drops 6% On Lower Earnings, Revenue

September 24, 2023 | Chaikin Analytics (Ad)

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July 25, 2023 | finance.yahoo.com

Mueller Industries, Inc. Reports Second Quarter 2023 Earnings

June 28, 2023 | finance.yahoo.com

MLI - Mueller Industries, Inc.

June 25, 2023 | omaha.com

Civitas and Mueller can boast high profit and low debt

June 6, 2023 | finance.yahoo.com

Should You Investigate Mueller Industries, Inc. (NYSE:MLI) At US$78.63?

June 3, 2023 | fool.com

Mueller Industries (NYSE: MLI)

May 21, 2023 | finance.yahoo.com

Mueller Industries (NYSE:MLI) stock performs better than its underlying earnings growth over last three years

May 15, 2023 | msn.com

Mueller Industries Is A Hold With Upside Potential

May 7, 2023 | msn.com

Mueller Industries (MLI) Declares $0.30 Dividend

April 27, 2023 | marketwatch.com

Trading Mueller Industries $MLI With Integrated Risk Controls

April 27, 2023 | finance.yahoo.com

Mueller Industries First Quarter 2023 Earnings: EPS: US$3.11 (vs US$2.82 in 1Q 2022)

April 25, 2023 | finance.yahoo.com

Mueller Industries, Inc. Reports First Quarter 2023 Earnings

April 13, 2023 | seekingalpha.com

3 Things Look Different For Mueller Industries This Cycle

April 3, 2023 | msn.com

Mueller Industries says tornado damaged its Tennessee plant but losses "immaterial"

April 3, 2023 | finance.yahoo.com

Mueller Industries, Inc. Announcement Regarding Covington, Tennessee Plant

March 27, 2023 | finance.yahoo.com

16 Biggest Plumbing Companies in the World

March 12, 2023 | finance.yahoo.com

Mueller Industries, Inc.'s (NYSE:MLI) Stock Been Rising: Are Strong Financials Guiding The Market?

February 24, 2023 | seekingalpha.com

Mueller Industries: Not A Buy Despite Cheap Valuations

February 21, 2023 | finance.yahoo.com

Mueller Industries, Inc. Announces 20 Percent Increase in Quarterly Dividend

See More Headlines

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MLI Company Calendar

Last Earnings: 7/25/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 9/24/2023
Next Earnings (Estimated): 10/17/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Rolling, drawing, & extruding of nonferrous metals
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NYSE:MLI
CUSIP: 62475610
CIK: 89439
Web: www.muellerindustries.com
Phone: (901) 753-3200
Fax: 901-753-3251
Employees: 5,137
Year Founded: 1917

Profitability

EPS (Most Recent Fiscal Year): $11.39
Trailing P/E Ratio: 6.40
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $658.32 million
Net Margins: 17.46%
Pretax Margin: 23.58%
Return on Equity: 33.92%
Return on Assets: 27.40%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.37
Quick Ratio: 4.02

Sales & Book Value

Annual Sales: $3.98 billion
Price / Sales: 1.04
Cash Flow: $12.38 per share
Price / Cash Flow: 5.89
Book Value: $32.00 per share
Price / Book: 2.28

Miscellaneous

Outstanding Shares: 56,760,000
Free Float: 55,171,000
Market Cap: $4.14 billion
Optionable: Optionable
Beta: 1.11

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Key Executives

Mr. Gregory L. Christopher (Age 61)
Chairman & CEO
Comp: $9.17M

Mr. Jeffrey A. Martin (Age 56)
Exec. VP, CFO & Treasurer
Comp: $2.1M

Mr. Christopher John Miritello (Age 40)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $1.66M

Mr. Steffen Sigloch (Age 54)
Chief Manufacturing Officer
Comp: $1.86M

Ms. Kristee Michelle Ford
Chief Information Officer

Mr. Brian K. Barksdale (Age 47)
VP of Marketing

Mr. Daniel R. Corbin (Age 65)
Sr. VP of Manufacturing

Mr. Gary Westermeyer (Age 58)
Pres & GM of Westermeyer Industries

Mr. Nadiem Umar (Age 62)
Pres of International Division

Mr. Christopher A. Mitchell (Age 49)
Pres of Brass & Aluminum

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MLI Stock - Frequently Asked Questions

How have MLI shares performed in 2023?: 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.
View the best growth stocks for 2023 here.
When is Mueller Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our MLI earnings forecast.
How were Mueller Industries' earnings last quarter?: Mueller Industries, Inc. (NYSE:MLI) announced its quarterly earnings results on Tuesday, July, 25th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.72. The industrial products company had revenue of $897 million for the quarter, compared to analysts' expectations of $1.04 billion. Mueller Industries had a net margin of 17.46% and a trailing twelve-month return on equity of 33.92%. The firm's revenue for the quarter was down 22.0% on a year-over-year basis.
How often does Mueller Industries pay dividends? What is the dividend yield for Mueller Industries?: Mueller Industries declared a quarterly dividend on Friday, July 28th. Investors 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.
What ETFs hold Mueller Industries' stock?: 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).
Is Mueller Industries a good dividend stock?: Mueller Industries (NYSE:MLI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.65%. 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.
When did Mueller Industries' stock split?: Mueller Industries's stock split on the morning of Monday, March 31st 2014. The 2-1 split was announced on Friday, February 21st 2014. The newly minted shares were payable to shareholders after the closing bell on Friday, March 28th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.
What is Gregory L. (Greg) Christopher's approval rating as Mueller Industries' CEO?: 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.

What other stocks do shareholders of Mueller Industries own?: 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).
What is Mueller Industries' stock symbol?: Mueller Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MLI."
Who are Mueller Industries' major shareholders?: Mueller Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends.
How do I buy shares of Mueller Industries?: 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.
Compare Top Brokerages Here.
What is Mueller Industries' stock price today?: One share of MLI stock can currently be purchased for approximately $72.94.
How much money does Mueller Industries make?: 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.
How many employees does Mueller Industries have?: The company employs 5,137 workers across the globe.
Does Mueller Industries have any subsidiaries?: The following companies are subsidiares of Mueller Industries: ATCO Rubber Products, ATCO Rubber Products Inc., Aegis Oil and Gas Leasing Ltd., Amwest Exploration Company, Arava Exploration Company, Arava Natural Resources Company Inc., B & K Industries Inc., B&K Industries, B&K LLC, Bayard Mining Corp., Canco Oil & Gas Ltd., Carpentertown Coal & Coke Company, Changzhou Mueller Refrigerant Valve Manufacturing Co. Ltd., Climate Components LLC, DENO Holding Company Inc., DENO Investment Company II Inc., DENO Investment Company Inc., Die-Mold Tool Limited, Extruded Metals, Extruded Metals Inc., Great Lakes Copper Ltd., H&C Flex, Halstead Industries, HeatLink Group, Heatlink Group Inc., Heatlink Group USA LLC, Howell Metal Company, Itawamba Industrial Gas Company Inc., Jungwoo Metal Ind. Co. LTD, Jungwoo Metal Ind. Co. Ltd., Kessler Sales & Distribution, Kessler Sales & Distribution LLC, King Coal Company, Leon Water Enterprises Inc., Lincoln Brass Works, Lincoln Brass Works Inc., Linesets, Linesets Inc., MA Industrial Secured Lending LLC, MII Financial Corporation, Macomber Building and Land Corporation, Macomber Construction Company, Macomber Incorporated, Micro Gauge, Micro Gauge Inc., Microgauge Machining Inc., Mining Remedial Recovery Company, Mueller Advanced Connections LLC, Mueller Brass Co., Mueller Brass Forging Company Inc., Mueller Brass Holding Company Inc., Mueller Canada Holding Co. Ltd., Mueller Casting Company Inc., Mueller Comercial de Mexico S. de R.L. de C.V., Mueller Copper Tube Company Inc., Mueller Copper Tube Products Inc., Mueller East Inc., Mueller Europe Investment Company Ltd., Mueller Europe Limited, Mueller Fittings Company Inc., Mueller Fittings LLC, Mueller Formed Tube Company Inc., Mueller Impacts Company Inc., Mueller Industrial Realty Co., Mueller Industries Trading (Shanghai) Co. Ltd., Mueller LBHC Inc., Mueller Middle East, Mueller Middle East B.S.C., Mueller Packaging LLC, Mueller Plastics Corporation Inc., Mueller Plastics Holding Company Inc., Mueller Press Company Inc., Mueller Refrigeration Holding Company Inc., Mueller Refrigeration LLC, Mueller Refrigeration Products Company Inc., Mueller Southeast Inc., Mueller Streamline, Mueller Streamline China LLC, Mueller Streamline Co., Mueller Streamline Holding S.L.U., Mueller Streamline II LLC, Mueller Streamline Trading LLC, Mueller Tool and Machine Inc., Mueller de Mexico S.A. de C.V., Muellux Holding Company I SARL, Muellux Holding Company II SARL, NICNA Mexico Servicios S. de R.L. de C.V., Overstreet Hughes, Overstreet-Hughes Co. Inc., PexCor, Precision Tube Company LLC, Propipe Technologies, Propipe Technologies Inc., Sherwood Valve LLC, Sherwood Valve Products Inc., Shoals Tubular, Southland Pipe Nipples Company Inc., Summit Systems Inc., Tecumseh Products Co., Tecumseh Products Holdings LLC, The Mosack Group LLC, Tube Forming, Turbotec Products, Turbotec Products Inc., U.S.S. Lead Refinery Inc., USSRAM Exploration Company, United States Fuel Company, Vemco Brasscapri, WTC HoldCo I LLC, WTC HoldCo II LLC, WTC Holding Company, Washington Mining Company, Westermeyer Industries, Westermeyer Industries Inc., and White Knob Mining Company.
Read More
How can I contact Mueller Industries?: 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.

This page (NYSE:MLI) was last updated on 9/24/2023 by MarketBeat.com Staff

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