Shares of Mueller Industries, Inc. (NYSE:MLI) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also given Mueller Industries an industry rank of 117 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine cut Mueller Industries from a “hold” rating to a “sell” rating in a research note on Monday, September 17th.

In related news, Director Scott Jay Goldman purchased 1,000 shares of the stock in a transaction dated Friday, August 24th. The stock was bought at an average cost of $33.24 per share, with a total value of $33,240.00. Following the purchase, the director now directly owns 11,000 shares in the company, valued at approximately $365,640. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anthony Steinriede sold 2,500 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $31.96, for a total value of $79,900.00. Following the completion of the sale, the vice president now directly owns 9,669 shares of the company’s stock, valued at $309,021.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,500 shares of company stock valued at $306,220. 2.80% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Mueller Industries in the 1st quarter valued at approximately $174,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mueller Industries in the 2nd quarter valued at approximately $203,000. CIBC Asset Management Inc acquired a new position in shares of Mueller Industries in the 2nd quarter valued at approximately $222,000. Advisor Partners LLC acquired a new position in shares of Mueller Industries in the 2nd quarter valued at approximately $256,000. Finally, SG Americas Securities LLC grew its position in shares of Mueller Industries by 101.4% in the 1st quarter. SG Americas Securities LLC now owns 10,694 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 5,384 shares during the period. 91.97% of the stock is owned by institutional investors.

Shares of NYSE:MLI opened at $28.53 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 18.53 and a beta of 1.43. Mueller Industries has a 1-year low of $25.26 and a 1-year high of $37.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.43 and a quick ratio of 2.35.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The firm had revenue of $662.77 million during the quarter, compared to analysts’ expectations of $663.41 million. Mueller Industries had a return on equity of 16.10% and a net margin of 3.59%. sell-side analysts expect that Mueller Industries will post 1.82 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. Mueller Industries’s dividend payout ratio (DPR) is presently 26.85%.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, plastic fittings, line sets, and related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.

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