Mueller Industries (MLI) Earning Somewhat Favorable Press Coverage, Analysis Shows
Headlines about Mueller Industries (NYSE:MLI) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mueller Industries earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.8436071853333 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Mueller Industries (NYSE:MLI) traded up $0.67 on Wednesday, hitting $34.77. The stock had a trading volume of 138,200 shares, compared to its average volume of 175,200. The company has a market cap of $1,971.16, a P/E ratio of 20.18 and a beta of 1.39. Mueller Industries has a 52 week low of $27.72 and a 52 week high of $43.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.67 and a current ratio of 2.83.
Mueller Industries (NYSE:MLI) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $550.36 million during the quarter. Mueller Industries had a return on equity of 15.68% and a net margin of 4.39%.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.15%. Mueller Industries’s dividend payout ratio (DPR) is presently 23.67%.
Separately, BidaskClub downgraded Mueller Industries from a “hold” rating to a “sell” rating in a research note on Friday, August 18th.
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In other Mueller Industries news, Director Charles P. Herzog, Jr. acquired 3,624 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $34.72 per share, with a total value of $125,825.28. Following the transaction, the director now owns 3,624 shares of the company’s stock, valued at $125,825.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Hansen sold 2,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $33.15, for a total value of $66,300.00. Following the transaction, the director now directly owns 45,607 shares of the company’s stock, valued at approximately $1,511,872.05. The disclosure for this sale can be found here. 2.79% of the stock is currently owned by insiders.
About Mueller Industries
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
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