Mueller Industries - MLI Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mueller Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MLI shares.
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Mueller Industries' stock was trading at $59.00 at the beginning of the year. Since then, MLI shares have increased by 6.9% and is now trading at $63.07.
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Mueller Industries saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 3,450,000 shares, an increase of 26.8% from the December 15th total of 2,720,000 shares. Based on an average trading volume of 337,500 shares, the short-interest ratio is currently 10.2 days. Currently, 6.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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Mueller Industries, Inc. (NYSE:MLI) released its earnings results on Tuesday, October, 20th. The industrial products company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.47 by $0.29. The industrial products company earned $619.11 million during the quarter. Mueller Industries had a net margin of 15.88% and a trailing twelve-month return on equity of 44.00%.

Mueller Industries declared a quarterly dividend on Friday, November 4th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.25 per share on Friday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 1st.
Read our dividend analysis for MLI.

Mueller Industries (NYSE:MLI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.52%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.79%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MLI.

Shares of Mueller Industries split on the morning of Monday, March 31st 2014. The 2-1 split was announced on Friday, February 21st 2014. The newly issued shares were distributed 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.

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 shareholders include Allspring Global Investments Holdings LLC (6.25%), New York State Common Retirement Fund (0.49%), F&V Capital Management LLC (0.26%), Pendal Group Ltd (0.14%), National Bank of Canada FI (0.10%) and Anderson Hoagland & Co. (0.09%). 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 $63.07.

Mueller Industries (NYSE:MLI) has a market capitalization of $3.57 billion and generates $3.77 billion in revenue each year. The industrial products company earns $468.52 million in net income (profit) each year or $11.38 on an earnings per share basis.

The company employs 5,337 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.