Mueller Industries, Inc. (NYSE: MLI) is 10.22% higher on its value in year-to-date trading and has touched a low of $33.59 and a high of $54.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MLI stock was last observed hovering at around $52.09 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $51.97, the stock is -1.91% and 1.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.23% at the moment leaves the stock 19.05% off its SMA200. MLI registered 50.90% gain for a year compared to 6-month gain of 41.24%.
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The stock witnessed a -0.57% loss in the last 1 month and extending the period to 3 months gives it a 14.07%, and is 0.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 2.20% over the month.
Mueller Industries, Inc. (MLI) has around 4509 employees, a market worth around $5.91B and $3.42B in sales. Current P/E ratio is 9.79 and Fwd P/E is 14.05. Profit margin for the company is 17.63%. Distance from 52-week low is 54.72% and -4.89% from its 52-week high. The company has generated returns on investments over the last 12 months (25.50%).
The EPS is expected to shrink by -32.08% this year
The shares outstanding are 114.16M, and float is at 109.50M with Short Float at 5.07%.
Mueller Industries, Inc. (MLI) Insider Activity
The most recent transaction is an insider sale by Martin Jeffrey Andrew, the company’s EVP, CFO & Treasurer. SEC filings show that Martin Jeffrey Andrew sold 47,280 shares of the company’s common stock on Feb 08 ’24 at a price of $49.25 per share for a total of $2.33 million. Following the sale, the insider now owns 0.37 million shares.
Mueller Industries, Inc. disclosed in a document filed with the SEC on Feb 08 ’24 that HANSEN JOHN B (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 08 ’24 and was made at $49.33 per share for $0.25 million. Following the transaction, the insider now directly holds 18000.0 shares of the MLI stock.
Still, SEC filings show that on Dec 26 ’23, Sigloch Steffen (Chief Manufacturing Officer) disposed off 53,792 shares at an average price of $47.59 for $2.56 million. The insider now directly holds 212,882 shares of Mueller Industries, Inc. (MLI).
