Mueller Industries (MLI) Receiving Somewhat Favorable Media Coverage, Analysis Finds
News coverage about Mueller Industries (NYSE:MLI) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mueller Industries earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.0087609838267 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Mueller Industries (NYSE MLI) traded down $0.06 during trading hours on Friday, hitting $33.49. 121,729 shares of the stock traded hands, compared to its average volume of 176,714. 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 current ratio of 2.83 and a quick ratio of 1.67. The firm has a market cap of $1,950.00, a P/E ratio of 20.02 and a beta of 1.42.
Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.39 EPS for the quarter. Mueller Industries had a net margin of 4.39% and a return on equity of 15.68%. The company had revenue of $550.36 million for the quarter.
Separately, BidaskClub downgraded shares of Mueller Industries from a “hold” rating to a “sell” rating in a research note on Friday, August 18th.
In other news, Director Charles P. Herzog, Jr. bought 3,624 shares of Mueller Industries stock in a transaction dated Friday, October 27th. The shares were bought at an average price of $34.72 per share, for a total transaction of $125,825.28. Following the purchase, the director now owns 3,624 shares of the company’s stock, valued at $125,825.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey Andrew Martin sold 3,500 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $32.01, for a total transaction of $112,035.00. Following the transaction, the chief financial officer now owns 111,146 shares in the company, valued at approximately $3,557,783.46. The disclosure for this sale can be found here. 2.79% of the stock is currently owned by insiders.
Mueller Industries Company Profile
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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