Mueller Industries - MLI Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" MLI shares.
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Mueller Industries' stock was trading at $59.00 at the start of the year. Since then, MLI stock has increased by 22.1% and is now trading at $72.04.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
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Mueller Industries, Inc. (NYSE:MLI) posted its earnings results on Tuesday, October, 20th. The industrial products company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.29. The industrial products company had revenue of $619.11 million for the quarter. Mueller Industries had a trailing twelve-month return on equity of 41.01% and a net margin of 16.53%.

Mueller Industries declared a quarterly dividend on Tuesday, February 21st. Investors of record on Friday, March 17th will be given a dividend of $0.30 per share on Friday, March 31st. This represents a $1.20 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for MLI.

ETFs with the largest weight of Mueller Industries (NYSE:MLI) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Water ETF (FIW), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco Water Resources ETF (PHO), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Momentum ETF (XSMO) and ETC 6 Meridian Small Cap Equity ETF (SIXS).

Mueller Industries (NYSE:MLI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.67%. 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 10.32%. 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 issued 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 investors include Allspring Global Investments Holdings LLC (6.25%), Gamco Investors INC. ET AL (4.34%), Gamco Investors INC. ET AL (4.32%), Dimensional Fund Advisors LP (3.68%), Gabelli Funds LLC (2.95%) and Geode Capital Management LLC (2.17%). 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 $72.04.

Mueller Industries (NYSE:MLI) has a market capitalization of $4.11 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 $11.63 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.