Shares of Mueller Industries, Inc. (NYSE:MLI) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given Mueller Industries an industry rank of 222 out of 255 based on the ratings given to related companies.
Separately, ValuEngine cut shares of Mueller Industries from a “hold” rating to a “sell” rating in a report on Monday, September 17th.
Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Mueller Industries during the first quarter worth about $174,000. Raymond James Financial Services Advisors Inc. purchased a new position in Mueller Industries during the second quarter worth about $203,000. CIBC Asset Management Inc purchased a new position in Mueller Industries during the second quarter worth about $222,000. Advisor Partners LLC purchased a new position in Mueller Industries during the second quarter worth about $256,000. Finally, SG Americas Securities LLC boosted its holdings in Mueller Industries by 101.4% during the first quarter. SG Americas Securities LLC now owns 10,694 shares of the industrial products company’s stock worth $280,000 after purchasing an additional 5,384 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.
Shares of NYSE MLI traded down $0.40 during mid-day trading on Friday, reaching $25.35. 181,184 shares of the company’s stock traded hands, compared to its average volume of 236,376. The stock has a market capitalization of $1.67 billion, a P/E ratio of 17.01 and a beta of 1.44. Mueller Industries has a 1-year low of $25.20 and a 1-year high of $37.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.43 and a quick ratio of 2.35.
Mueller Industries (NYSE:MLI) last issued its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $662.77 million during the quarter, compared to analysts’ expectations of $663.41 million. Mueller Industries had a net margin of 3.59% and a return on equity of 16.10%. As a group, equities research analysts anticipate that Mueller Industries will post 1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, September 6th. Mueller Industries’s dividend payout ratio (DPR) is presently 26.85%.
Mueller Industries Company Profile
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, plastic fittings, line sets, and related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.
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