Mueller Industries, Inc. (NYSE: MLI) is 23.88% higher on its value in year-to-date trading and has touched a low of $34.08 and a high of $59.59 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 $57.96 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $58.41, the stock is 9.59% and 12.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 0.78% at the moment leaves the stock 32.77% off its SMA200. MLI registered 64.91% gain for a year compared to 6-month gain of 60.95%.
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The stock witnessed a 10.40% loss in the last 1 month and extending the period to 3 months gives it a 20.93%, and is 11.64% 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 3.97% over the week and 2.75% over the month.
Mueller Industries, Inc. (MLI) has around 4509 employees, a market worth around $6.64B and $3.30B in sales. Current P/E ratio is 11.72 and Fwd P/E is 12.30. Profit margin for the company is 17.22%. Distance from 52-week low is 71.37% and -1.98% from its 52-week high. The company has generated returns on investments over the last 12 months (23.18%).
Mueller Industries, Inc. quarterly earnings per share for the current quarter are estimated at $1.23 with sales reaching $911M over the same period.The EPS is expected to shrink by -15.09% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
The shares outstanding are 114.16M, and float is at 109.50M with Short Float at 4.69%.
Mueller Industries, Inc. (MLI) Insider Activity
The most recent transaction is an insider sale by HANSEN JOHN B, the company’s Director. SEC filings show that HANSEN JOHN B sold 4,000 shares of the company’s common stock on Apr 25 ’24 at a price of $57.29 per share for a total of $0.23 million. Following the sale, the insider now owns 0.1 million shares.
Mueller Industries, Inc. disclosed in a document filed with the SEC on Feb 08 ’24 that Martin Jeffrey Andrew (EVP, CFO & Treasurer) sold a total of 47,280 shares of the company’s common stock. The trade occurred on Feb 08 ’24 and was made at $49.25 per share for $2.33 million. Following the transaction, the insider now directly holds 0.37 million shares of the MLI stock.
Still, SEC filings show that on Feb 08 ’24, HANSEN JOHN B (Director) disposed off 5,000 shares at an average price of $49.33 for $0.25 million. The insider now directly holds 18,000 shares of Mueller Industries, Inc. (MLI).
