Mueller Industries (MLI) to Release Quarterly Earnings on Tuesday

Mueller Industries (NYSE:MLI - Get Free Report) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $893.00 million for the quarter.

Mueller Industries Trading Down 1.8 %

MLI stock traded down $1.46 during midday trading on Friday, reaching $78.65. 443,382 shares of the company's stock traded hands, compared to its average volume of 680,481. Mueller Industries has a 52-week low of $47.46 and a 52-week high of $96.81. The stock has a market cap of $8.95 billion, a P/E ratio of 15.28 and a beta of 1.00. The stock's 50-day moving average is $80.66 and its 200 day moving average is $76.25.

Mueller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.20 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. Mueller Industries's dividend payout ratio (DPR) is 15.53%.

Insider Buying and Selling

In other Mueller Industries news, Director Charles P. Herzog, Jr. sold 15,000 shares of Mueller Industries stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $92.04, for a total value of $1,380,600.00. Following the sale, the director now directly owns 17,733 shares in the company, valued at approximately $1,632,145.32. The trade was a 45.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Northcoast Research raised Mueller Industries from a "neutral" rating to a "buy" rating and set a $105.00 price target for the company in a report on Wednesday, December 11th.

About Mueller Industries

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.