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PFE   25.69 (-0.85%)
PYPL   63.43 (-0.13%)
XOM   118.69 (-0.83%)
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BABA   69.61 (-1.43%)
T   16.09 (-0.92%)
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NYSE:MLI

Mueller Industries (MLI) Stock Price, News & Analysis

$52.07
+0.32 (+0.62%)
(As of 04/16/2024 ET)
Today's Range
$50.85
$52.35
50-Day Range
$47.64
$54.21
52-Week Range
$33.59
$54.64
Volume
492,404 shs
Average Volume
651,822 shs
Market Capitalization
$5.92 billion
P/E Ratio
9.80
Dividend Yield
1.54%
Price Target
N/A

Mueller Industries MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
4.89% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.25mentions of Mueller Industries in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.58 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.97 out of 5 stars

Industrial Products Sector

94th out of 163 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

3rd out of 6 stocks

MLI stock logo

About Mueller Industries Stock (NYSE:MLI)

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.

MLI Stock Price History

MLI Stock News Headlines

3 Value Stocks Too Small For Buffett's Portfolio
When investment giants like Warren Buffett spot the rare opportunity to buy a value stock, they more than often pass on the chance. Because they manage such large amounts of capital, investing less than a few billion in companies isn't big enough to bring them returns.
3 Value Stocks Too Small For Buffett’s Portfolio (MLI)
Three stocks stand out as value plays that are just too small for Warren Buffett to buy, that is where the retail investor has an advantage to be taken today
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
MLI Mar 2024 50.000 put
Mueller Industries, Inc. (MLI)
Mueller Industries Profit Retreats In Q4, but beats estimates
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/16/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Industrial Machinery
CUSIP
62475610
Employees
4,509
Year Founded
1917

Profitability

Net Income
$602.90 million
Pretax Margin
24.71%

Debt

Sales & Book Value

Annual Sales
$3.42 billion
Cash Flow
$5.71 per share
Book Value
$20.78 per share

Miscellaneous

Free Float
110,416,000
Market Cap
$5.92 billion
Optionable
Optionable
Beta
1.08

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Key Executives


MLI Stock Analysis - Frequently Asked Questions

Should I buy or sell Mueller Industries stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mueller Industries in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MLI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MLI, but not buy additional shares or sell existing shares.
View MLI analyst ratings
or view top-rated stocks.

How have MLI shares performed in 2024?

Mueller Industries' stock was trading at $47.15 on January 1st, 2024. Since then, MLI shares have increased by 10.5% and is now trading at $52.09.
View the best growth stocks for 2024 here
.

Are investors shorting Mueller Industries?

Mueller Industries saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,550,000 shares, a decline of 17.2% from the March 15th total of 6,700,000 shares. Based on an average trading volume of 671,600 shares, the short-interest ratio is presently 8.3 days.
View Mueller Industries' Short Interest
.

When is Mueller Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our MLI earnings forecast
.

How were Mueller Industries' earnings last quarter?

Mueller Industries, Inc. (NYSE:MLI) posted its quarterly earnings results on Tuesday, February, 6th. The industrial products company reported $1.05 earnings per share for the quarter. The industrial products company earned $732.38 million during the quarter. Mueller Industries had a trailing twelve-month return on equity of 27.59% and a net margin of 17.63%.

How often does Mueller Industries pay dividends? What is the dividend yield for Mueller Industries?

Mueller Industries announced a quarterly dividend on Friday, February 23rd. Investors of record on Friday, March 15th will be given a dividend of $0.20 per share on Friday, March 29th. This represents a $0.80 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for MLI
.

Is Mueller Industries a good dividend stock?

Mueller Industries (NYSE:MLI) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.55%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.05%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MLI.

When did Mueller Industries' stock split?

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

What is Gregory L. (Greg) Christopher's approval rating as Mueller Industries' CEO?

23 employees have rated Mueller Industries Chief Executive Officer Gregory L. (Greg) Christopher on Glassdoor.com. Gregory L. (Greg) Christopher has an approval rating of 40% among the company's employees. This puts Gregory L. (Greg) Christopher in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Mueller Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mueller Industries investors own include Crown (CCK), Masco (MAS), Verizon Communications (VZ), Harley-Davidson (HOG), International Paper (IP), WestRock (WRK), AMETEK (AME), Commercial Metals (CMC), Eastman Chemical (EMN) and EOG Resources (EOG).

Who are Mueller Industries' major shareholders?

Mueller Industries' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.17%), Perpetual Ltd (0.15%), F&V Capital Management LLC (0.15%), Anderson Hoagland & Co. (0.06%), Insight Wealth Strategies LLC (0.04%) and Tealwood Asset Management Inc. (0.02%). Insiders that own company stock include Gary S Gladstein, Gregory L Christopher, Jeffrey Andrew Martin, John B Hansen, Scott Jay Goldman and Steffen Sigloch.
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.

Does Mueller Industries have any subsidiaries?
The following companies are subsidiares of Mueller Industries: ATCO Rubber Products, ATCO Rubber Products Inc., Aegis Oil and Gas Leasing Ltd., Amwest Exploration Company, Arava Exploration Company, Arava Natural Resources Company Inc., B & K Industries Inc., B&K Industries, B&K LLC, Bayard Mining Corp., Canco Oil & Gas Ltd., Carpentertown Coal & Coke Company, Changzhou Mueller Refrigerant Valve Manufacturing Co. Ltd., Climate Components LLC, DENO Holding Company Inc., DENO Investment Company II Inc., DENO Investment Company Inc., Die-Mold Tool Limited, Extruded Metals, Extruded Metals Inc., Great Lakes Copper Ltd., H&C Flex, Halstead Industries, HeatLink Group, Heatlink Group Inc., Heatlink Group USA LLC, Howell Metal Company, Itawamba Industrial Gas Company Inc., Jungwoo Metal Ind. Co. LTD, Jungwoo Metal Ind. Co. Ltd., Kessler Sales & Distribution, Kessler Sales & Distribution LLC, King Coal Company, Leon Water Enterprises Inc., Lincoln Brass Works, Lincoln Brass Works Inc., Linesets, Linesets Inc., MA Industrial Secured Lending LLC, MII Financial Corporation, Macomber Building and Land Corporation, Macomber Construction Company, Macomber Incorporated, Micro Gauge, Micro Gauge Inc., Microgauge Machining Inc., Mining Remedial Recovery Company, Mueller Advanced Connections LLC, Mueller Brass Co., Mueller Brass Forging Company Inc., Mueller Brass Holding Company Inc., Mueller Canada Holding Co. Ltd., Mueller Casting Company Inc., Mueller Comercial de Mexico S. de R.L. de C.V., Mueller Copper Tube Company Inc., Mueller Copper Tube Products Inc., Mueller East Inc., Mueller Europe Investment Company Ltd., Mueller Europe Limited, Mueller Fittings Company Inc., Mueller Fittings LLC, Mueller Formed Tube Company Inc., Mueller Impacts Company Inc., Mueller Industrial Realty Co., Mueller Industries Trading (Shanghai) Co. Ltd., Mueller LBHC Inc., Mueller Middle East, Mueller Middle East B.S.C., Mueller Packaging LLC, Mueller Plastics Corporation Inc., Mueller Plastics Holding Company Inc., Mueller Press Company Inc., Mueller Refrigeration Holding Company Inc., Mueller Refrigeration LLC, Mueller Refrigeration Products Company Inc., Mueller Southeast Inc., Mueller Streamline, Mueller Streamline China LLC, Mueller Streamline Co., Mueller Streamline Holding S.L.U., Mueller Streamline II LLC, Mueller Streamline Trading LLC, Mueller Tool and Machine Inc., Mueller de Mexico S.A. de C.V., Muellux Holding Company I SARL, Muellux Holding Company II SARL, NICNA Mexico Servicios S. de R.L. de C.V., Overstreet Hughes, Overstreet-Hughes Co. Inc., PexCor, Precision Tube Company LLC, Propipe Technologies, Propipe Technologies Inc., Sherwood Valve LLC, Sherwood Valve Products Inc., Shoals Tubular, Southland Pipe Nipples Company Inc., Summit Systems Inc., Tecumseh Products Co., Tecumseh Products Holdings LLC, The Mosack Group LLC, Tube Forming, Turbotec Products, Turbotec Products Inc., U.S.S. Lead Refinery Inc., USSRAM Exploration Company, United States Fuel Company, Vemco Brasscapri, WTC HoldCo I LLC, WTC HoldCo II LLC, WTC Holding Company, Washington Mining Company, Westermeyer Industries, Westermeyer Industries Inc., and White Knob Mining Company.
Read More
This page (NYSE:MLI) was last updated on 4/16/2024 by MarketBeat.com Staff

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