NYSE:MLI

Mueller Industries - MLI Stock Forecast, Price & News

$57.99

-1.10 (-1.86%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $57.10
▼
$58.71
50-Day Range: $54.03
▼
$69.55
52-Week Range: $40.98
▼
$70.38

Volume: 266,817 shs
Average Volume: 276,269 shs
Market Capitalization: $3.29 billion

P/E Ratio: 4.98
Dividend Yield: 1.72%
Price Target: N/A

Mueller Industries MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
5.03% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$131,290 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.

1.37 out of 5 stars

Industrial Products Sector

174th out of 180 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

7th out of 7 stocks

N/A

Analyst's Opinion

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

1.0

Short Interest

Percentage of Shares Shorted
5.03% 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 8.8.
Change versus previous month
Short interest in Mueller Industries has recently increased by 3.37%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Yield
Mueller Industries pays a meaningful dividend of 1.72%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Mueller Industries has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Mueller Industries is 8.58%. 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.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Mueller Industries this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for MLI on MarketBeat in the last 30 days. This is a decrease of -78% compared to the previous 30 days.
MarketBeat Follows
7 people have added Mueller Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 75% 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 $131,290.00 in company stock.
Percentage Held by Insiders
Only 2.90% of the stock of Mueller Industries is held by insiders.
Percentage Held by Institutions
90.07% 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 4.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mueller Industries is 4.98, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.84.
Price to Book Value per Share Ratio
Mueller Industries has a P/B Ratio of 2.65. 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, and fittings; 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; insulated HVAC flexible duct systems; and brazed manifolds, headers, and distributor assemblies. The company was founded in 1917 and is headquartered in Collierville, Tennessee.

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MLI Stock News Headlines

September 20, 2022 | finance.yahoo.com

Sidoti's September Small-Cap Virtual Conference

September 16, 2022 | finance.yahoo.com

Mueller Industries, Inc. to Participate in the Sidoti & Company Fall Virtual Small Cap Investor Conference

September 15, 2022 | finance.yahoo.com

Mueller Industries, Inc. Announces Launch of New Investor Relations Website and Investor Presentation

September 2, 2022 | benzinga.com

Mueller Industries Stock (NYSE:MLI), Dividends

August 29, 2022 | nasdaq.com

Don't Ignore The Fact That This Insider Just Sold Some Shares In Mueller Industries, Inc. (NYSE:MLI)

August 28, 2022 | nasdaq.com

Mueller Industries (NYSE:MLI) shareholders have earned a 39% CAGR over the last three years

August 12, 2022 | seekingalpha.com

Mueller Industries: Boring Stock That Makes Money

August 11, 2022 | finance.yahoo.com

Reunion Rehabilitation Hospital Dublin Names Eric Mueller Chief Executive Officer

August 3, 2022 | finance.yahoo.com

Is Mueller Industries (NYSE:MLI) A Risky Investment?

July 27, 2022 | nasdaq.com

Mueller Industries, Inc. Shares Near 52-Week High - Market Mover

July 20, 2022 | stocknews.com

4 Stocks You Should Consider Buying Now for Long-Term Gains

July 20, 2022 | nasdaq.com

Mueller Industries, Inc. Shares Approach 52-Week High - Market Mover

July 19, 2022 | finance.yahoo.com

At US$54.03, Is Mueller Industries, Inc. (NYSE:MLI) Worth Looking At Closely?

July 19, 2022 | fool.com

Why Mueller Industries Stock Is Soaring Today

July 19, 2022 | nasdaq.com

Mueller Industries Q2 Income Advances

July 19, 2022 | finance.yahoo.com

Mueller Industries, Inc. Reports Second Quarter 2022 Earnings

July 5, 2022 | finance.yahoo.com

Mueller Industries' (NYSE:MLI) investors will be pleased with their notable 93% return over the last three years

June 27, 2022 | uk.finance.yahoo.com

Two factors the market might be missing with Mueller Industries

June 18, 2022 | seekingalpha.com

Mueller Industries: Undervalued Industrial Compounder

June 15, 2022 | seekingalpha.com

Mueller Industries: Going Strong For Over A Century

June 13, 2022 | seekingalpha.com

Mueller Industries: Prudent And Balanced Growth At A Reasonable Price

June 7, 2022 | finance.yahoo.com

Mueller Industries Stock Shows Rising Relative Strength

May 31, 2022 | nasdaq.com

Ex-Dividend Reminder: Waste Management, L3Harris Technologies and Mueller Industries

May 27, 2022 | finance.yahoo.com

Mueller Industries Is Shiny Like Sunlit Copper

May 13, 2022 | finance.yahoo.com

A Mueller Industries, Inc. (NYSE:MLI) insider increased their holdings by 9.4% last year

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MLI Company Calendar

Last Earnings: 7/19/2022
Ex-Dividend for 9/16 Dividend: 9/08/2022
Dividend Payable: 9/16/2022
Today: 9/25/2022
Next Earnings (Estimated): 10/18/2022
Fiscal Year End: 12/31/2022

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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: 5,337
Year Founded: 1917

Profitability

EPS (Most Recent Fiscal Year): $11.65
Trailing P/E Ratio: 4.98
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $468.52 million
Net Margins: 16.14%
Pretax Margin: 21.61%
Return on Equity: 46.35%
Return on Assets: 33.19%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.19
Quick Ratio: 2.05

Sales & Book Value

Annual Sales: $3.77 billion
Price / Sales: 0.87
Cash Flow: $8.21 per share
Price / Cash Flow: 7.06
Book Value: $21.91 per share
Price / Book: 2.65

Miscellaneous

Outstanding Shares: 56,680,000
Free Float: 55,040,000
Market Cap: $3.29 billion
Optionable: Optionable
Beta: 1.14

Social Links

Key Executives

Mr. Gregory L. Christopher (Age 60)
Chairman & CEO
Comp: $7.58M

Mr. Jeffrey A. Martin (Age 55)
Exec. VP, CFO & Treasurer
Comp: $1.99M

Mr. Christopher John Miritello (Age 39)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $1.48M

Mr. Steffen Sigloch (Age 53)
Chief Manufacturing Officer
Comp: $1.72M

Ms. Kristee Michelle Ford
Chief Information Officer

Mr. Brian K. Barksdale (Age 46)
VP of Marketing

Mr. Nicholas William Moss (Age 65)
Pres of New Bus. Devel.

Mr. Daniel R. Corbin (Age 64)
Sr. VP of Manufacturing

Mr. Gary Westermeyer (Age 57)
Pres of Refrigeration

Mr. Nadiem Umar (Age 61)
Pres of International Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MLI Stock - Frequently Asked Questions

Should I buy or sell Mueller Industries stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mueller Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MLI shares.
View MLI analyst ratings or view top-rated stocks.
How have MLI shares performed in 2022?: Mueller Industries' stock was trading at $59.36 at the start of the year. Since then, MLI stock has decreased by 2.3% and is now trading at $57.99.
View the best growth stocks for 2022 here.
When is Mueller Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our MLI earnings forecast.
How were Mueller Industries' earnings last quarter?: Mueller Industries, Inc. (NYSE:MLI) announced its quarterly earnings data on Tuesday, July, 19th. The industrial products company reported $3.65 earnings per share (EPS) for the quarter. The industrial products company had revenue of $1.15 billion for the quarter. Mueller Industries had a net margin of 16.14% and a trailing twelve-month return on equity of 46.35%.
How often does Mueller Industries pay dividends? What is the dividend yield for Mueller Industries?: Mueller Industries announced a quarterly dividend on Friday, July 29th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.25 per share on Friday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for MLI.
Is Mueller Industries a good dividend stock?: Mueller Industries (NYSE:MLI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.69%. 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 8.58%. 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 shares split on Monday, March 31st 2014. The 2-1 split was announced on Friday, February 21st 2014. The newly minted shares were issued 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.
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 variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (7.23%), Gamco Investors INC. ET AL (5.37%), State Street Corp (3.37%), Victory Capital Management Inc. (2.43%), FMR LLC (1.33%) and Royce & Associates LP (1.26%). 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 $57.99.
How much money does Mueller Industries make?: Mueller Industries (NYSE:MLI) has a market capitalization of $3.29 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 $11.65 on an earnings per share basis.
How many employees does Mueller Industries have?: The company employs 5,337 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 9/25/2022 by MarketBeat.com Staff

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Mueller Industries - MLI Stock Forecast, Price & News

Mueller Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month