Mueller Industries, Inc (NYSE: MLI) is -11.44% lower on its value in year-to-date trading and has touched a low of $52.22 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 $68.45 in the last trading session, with the day’s gains setting it 1.83%.
Currently trading at $70.28, the stock is -4.93% and -9.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 2.67% at the moment leaves the stock -7.54% off its SMA200. MLI registered 34.33% gain for a year compared to 6-month gain of -5.03%. The firm has a 50-day simple moving average (SMA 50) of $77.5922 and a 200-day simple moving average (SMA200) of $76.00965.
The stock witnessed a -9.02% loss in the last 1 month and extending the period to 3 months gives it a -14.99%, and is -4.69% 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 3.31% over the week and 4.46% over the month.
Mueller Industries, Inc (MLI) has around 5168 employees, a market worth around $7.78B and $3.77B in sales. Current P/E ratio is 13.24 and Fwd P/E is 11.07. Profit margin for the company is 16.05%. Distance from 52-week low is 34.58% and -27.41% from its 52-week high. The company has generated returns on investments over the last 12 months (21.62%).
The EPS is expected to grow by 6.40% this year.
Mueller Industries, Inc (MLI) Top Institutional Holders
685.0 institutions hold shares in Mueller Industries, Inc (MLI), with institutional investors hold 98.41% of the company’s shares. The shares outstanding are 113.75M, and float is at 106.89M with Short Float at 3.66%. Institutions hold 95.98% 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 16.2449% 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 11.0952 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 3.8769 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 Sigloch Steffen, the company’s Chief Manufacturing Officer. SEC filings show that Sigloch Steffen sold 19,584 shares of the company’s common stock on Apr 03 ’25 at a price of $74.86 per share for a total of $1.47 million. Following the sale, the insider now owns 0.16 million shares.
Mueller Industries, Inc disclosed in a document filed with the SEC on Mar 10 ’25 that Sigloch Steffen (Chief Manufacturing Officer) sold a total of 11,716 shares of the company’s common stock. The trade occurred on Mar 10 ’25 and was made at $82.56 per share for $0.97 million. Following the transaction, the insider now directly holds 0.18 million shares of the MLI stock.
Still, SEC filings show that on Mar 11 ’25, Sigloch Steffen (Chief Manufacturing Officer) disposed off 3,582 shares at an average price of $82.62 for $0.3 million. The insider now directly holds 179,128 shares of Mueller Industries, Inc (MLI).
