Mueller Industries, Inc (NYSE: MLI) is -1.32% lower on its value in year-to-date trading and has touched a low of $47.46 and a high of $96.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MLI stock was last observed hovering at around $76.28 in the last trading session, with the day’s gains setting it 2.03%.
Currently trading at $78.31, the stock is -2.04% and -2.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 2.66% at the moment leaves the stock 10.90% off its SMA200. MLI registered 58.81% gain for a year compared to 6-month gain of 19.54%. The firm has a 50-day simple moving average (SMA 50) of $80.9296 and a 200-day simple moving average (SMA200) of $70.48435.
The stock witnessed a -3.01% loss in the last 1 month and extending the period to 3 months gives it a -3.87%, and is -1.51% down 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 4.16% over the week and 2.71% over the month.
Mueller Industries, Inc (MLI) has around 4509 employees, a market worth around $8.91B and $3.77B in sales. Current P/E ratio is 14.75 and Fwd P/E is 12.33. Profit margin for the company is 16.05%. Distance from 52-week low is 65.00% and -19.11% from its 52-week high. The company has generated returns on investments over the last 12 months (21.62%).
with sales reaching $1B over the same period.The EPS is expected to grow by 8.29% this year, but quarterly earnings will post 10.20% year-over-year. Quarterly sales are estimated to grow 18.05% in year-over-year returns.
647.0 institutions hold shares in Mueller Industries, Inc (MLI), with institutional investors hold 95.33% of the company’s shares. The shares outstanding are 113.73M, and float is at 109.71M with Short Float at 2.95%. Institutions hold 92.96% 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 Herzog Charles P Jr, the company’s Director. SEC filings show that Herzog Charles P Jr sold 15,000 shares of the company’s common stock on Nov 21 ’24 at a price of $92.04 per share for a total of $1.38 million. Following the sale, the insider now owns 17733.0 shares.
Still, SEC filings show that on Oct 30 ’24, HANSEN JOHN B (Director) disposed off 1,000 shares at an average price of $83.09 for $83090.0. The insider now directly holds 94,914 shares of Mueller Industries, Inc (MLI).
