Mueller Industries (MLI) Stock Price, News & Analysis

Company Overview

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. It also resells steel pipes, brass and plastic plumbing valves, malleable iron fittings and faucets, and plumbing specialties; and supplies water tubes. This segment sells its products to wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs). The Industrial Metals segment manufactures brass, bronze, and copper alloy rods; plumbing brass, valves, fittings, and gas assemblies; cold-form aluminum and copper products; machining of aluminum, steel, brass, and cast iron impacts and castings; brass and aluminum forgings; brass, aluminum, and stainless-steel valves; fluid control solutions; and gas train assembles to OEMs in the industrial, construction, HVAC, plumbing, and refrigeration markets. The Climate segment offers valves, protection devices, and brass fittings for various OEMs in the commercial HVAC and refrigeration markets; high-pressure components and accessories for the air-conditioning and refrigeration markets; coaxial heat exchangers and twisted tubes for the HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets; and insulated HVAC flexible duct systems. Mueller Industries, Inc. was founded in 1917 and is headquartered in Collierville, Tennessee.

Key Stats

• Today's Range: $78.00 to $82.24
• 50-Day Range: $72.11 to $95.34
• 52-Week Range: $44.39 to $96.81
• Volume: 6.27 million shs
• Average Volume: 864,881 shs
• Market Capitalization: $9.12 billion
• P/E Ratio: 15.57
• Dividend Yield: 1.00%
• Price Target: $105.00
• Consensus Rating: Buy

Mueller Industries Stock Analysis - MarketRank™

Mueller Industries scored higher than 83% of companies evaluated by MarketBeat, and ranked 53rd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Mueller Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Mueller Industries has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Mueller Industries is 15.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mueller Industries is 15.57, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Mueller Industries has a P/B Ratio of 3.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.02% of the outstanding shares of Mueller Industries have been sold short.

Short Interest Ratio / Days to Cover

Mueller Industries has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mueller Industries has recently decreased by 6.28%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Mueller Industries has a dividend yield of 0.97%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Mueller Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Mueller Industries is 15.53%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.02% of the outstanding shares of Mueller Industries have been sold short.

Short Interest Ratio / Days to Cover

Mueller Industries has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mueller Industries has recently decreased by 6.28%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.15

News Sentiment

Mueller Industries has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.74 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Mueller Industries this week, compared to 5 articles on an average week.

Search Interest

13 people have searched for MLI on MarketBeat in the last 30 days. This is an increase of 160% compared to the previous 30 days.

MarketBeat Follows

13 people have added Mueller Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 160% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Mueller Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,463,690.00 in company stock.

Percentage Held by Insiders

Only 2.80% of the stock of Mueller Industries is held by insiders.

Percentage Held by Institutions

94.50% of the stock of Mueller Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MLI Stock Analysis - Frequently Asked Questions

How have MLI shares performed this year?

Mueller Industries' stock was trading at $47.15 at the start of the year. Since then, MLI shares have increased by 70.1% and is now trading at $80.18.
View the best growth stocks for 2024 here.

How were Mueller Industries' earnings last quarter?

Mueller Industries, Inc. (NYSE:MLI) released its quarterly earnings results on Tuesday, October, 22nd. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.16. The business's revenue was up 21.7% on a year-over-year basis.

When did Mueller Industries' stock split?

Shares of Mueller Industries split on Friday, October 20th 2023. The 2-1 split was announced on Tuesday, September 26th 2023. The newly created shares were issued to shareholders after the market closes on Thursday, October 19th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Mueller Industries have any subsidiaries?

Mueller Industries subsidiaries include Mueller Middle East, H&C Flex, Kessler Sales & Distribution, Shoals Tubular, ATCO Rubber Products, Die-Mold Tool Limited, HeatLink Group, and others.

Who are Mueller Industries' major shareholders?

Mueller Industries' top institutional shareholders include State Street Corp (3.91%), Allspring Global Investments Holdings LLC (2.67%), Geode Capital Management LLC (2.28%) and Pacer Advisors Inc. (2.22%). Insiders that own company stock include Gregory L Christopher, Jeffrey Andrew Martin, Steffen Sigloch, John B Hansen, Scott Jay Goldman, Elizabeth M Donovan and Charles P Herzog Jr.
View institutional ownership trends.

How do I buy shares of Mueller Industries?

Shares of MLI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Mueller Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mueller Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Tesla (TSLA) and Adobe (ADBE).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 12/20 Dividend: 12/06/2024
• Dividend Payable: 12/20/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Rolling, drawing, & extruding of nonferrous metals
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:MLI
• CUSIP: 62475610
• CIK: 89439
• Web: www.muellerindustries.com
• Phone: (901) 753-3200
• Fax: 901-753-3251
• Employees: 4,509
• Year Founded: 1917

Price Target and Rating

• Average Stock Price Target: $105.00
• High Stock Price Target: $105.00
• Low Stock Price Target: $105.00
• Potential Upside/Downside: +31.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.15
• Trailing P/E Ratio: 15.57
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $602.90 million
• Net Margins: 16.39%
• Pretax Margin: 22.92%
• Return on Equity: 23.25%
• Return on Assets: 19.67%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 4.86
• Quick Ratio: 3.85

Sales & Book Value

• Annual Sales: $3.58 billion
• Price / Sales: 2.55
• Cash Flow: $5.41 per share
• Price / Cash Flow: 14.83
• Book Value: $20.78 per share
• Price / Book: 3.86

Miscellaneous

• Outstanding Shares: 113,735,000
• Free Float: 110,550,000
• Market Cap: $9.12 billion
• Optionable: Optionable
• Beta: 0.99