Mueller Industries - MLI Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MLI shares. StockNews.com cut shares of Mueller Industries from a "strong-buy" rating to a "buy" rating in a report on Friday, July 15th. Northcoast Research started coverage on shares of Mueller Industries in a report on Monday, July 18th. They issued a "buy" rating for the company.

Mueller Industries Stock Up 0.0 %

Mueller Industries stock traded up $0.03 during trading hours on Friday, hitting $68.42. The stock had a trading volume of 275,562 shares, compared to its average volume of 395,007. The stock has a market capitalization of $3.88 billion, a P/E ratio of 5.87 and a beta of 1.13. Mueller Industries has a 12-month low of $40.15 and a 12-month high of $69.06. The stock's 50-day moving average price is $58.18 and its 200-day moving average price is $56.38.

Mueller Industries (NYSE:MLI - Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The industrial products company reported $3.65 earnings per share for the quarter. Mueller Industries had a net margin of 16.14% and a return on equity of 46.35%. The firm had revenue of $1.15 billion during the quarter.

Mueller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.46%. Mueller Industries's payout ratio is 8.58%.

Insider Activity

In other news, Director John B. Hansen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $64.27, for a total transaction of $64,270.00. Following the completion of the transaction, the director now directly owns 59,885 shares of the company's stock, valued at $3,848,808.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.