Mueller Industries, Inc. (NYSE: MLI) is 56.22% higher on its value in year-to-date trading and has touched a low of $34.96 and a high of $72.83 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 $70.94 in the last trading session, with the day’s gains setting it 2.72%.
Currently trading at $73.66, the stock is 6.28% and 9.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 3.83% at the moment leaves the stock 32.11% off its SMA200. MLI registered 97.77% gain for a year compared to 6-month gain of 39.96%.
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The stock witnessed a 8.52% loss in the last 1 month and extending the period to 3 months gives it a 32.86%, and is 7.91% 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 2.45% over the week and 2.53% over the month.
Mueller Industries, Inc. (MLI) has around 4509 employees, a market worth around $8.35B and $3.40B in sales. Current P/E ratio is 15.25 and Fwd P/E is 13.90. Profit margin for the company is 16.19%. Distance from 52-week low is 110.70% and 1.14% from its 52-week high. The company has generated returns on investments over the last 12 months (21.40%).
Mueller Industries, Inc. quarterly earnings per share for the current quarter are estimated at 1.32 with sales reaching $936M over the same period.The EPS is expected to shrink by -5.66% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 14.20% in year-over-year returns.
575.0 institutions hold shares in Mueller Industries, Inc. (MLI), with institutional investors hold 97.87% of the company’s shares. The shares outstanding are 114.16M, and float is at 109.29M with Short Float at 4.12%. Institutions hold 95.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.07 million shares valued at $1.03 billion. The investor’s holdings represent 15.7997 of the MLI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.34 million shares valued at $702.62 million to account for 10.7911 of the shares outstanding. The other top investors are FIRST TRUST ADVISORS LP which holds 6.64 million shares representing 5.809 and valued at over $378.23 million, while STATE STREET CORP holds 3.7707 of the shares totaling 4.31 million with a market value of $245.51 million.
Mueller Industries, Inc. (MLI) Insider Activity
The most recent transaction is an insider sale by Christopher Gregory L., the company’s Chairman of the Board & CEO. SEC filings show that Christopher Gregory L. sold 50,000 shares of the company’s common stock on Aug 23 ’24 at a price of $70.55 per share for a total of $3.53 million. Following the sale, the insider now owns 1.16 million shares.
Mueller Industries, Inc. disclosed in a document filed with the SEC on Aug 22 ’24 that Christopher Gregory L. (Chairman of the Board & CEO) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $69.92 per share for $3.5 million. Following the transaction, the insider now directly holds 1.21 million shares of the MLI stock.
Still, SEC filings show that on Aug 22 ’24, Christopher Gregory L. (Officer) Proposed Sale 100,000 shares at an average price of $69.90 for $6.99 million. The insider now directly holds shares of Mueller Industries, Inc. (MLI).
