Mueller Industries, Inc. (NYSE:MLI) CEO Gregory L. Christopher sold 14,992 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $32.01, for a total value of $479,893.92. Following the sale, the chief executive officer now directly owns 532,666 shares of the company’s stock, valued at $17,050,638.66. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of MLI stock opened at $31.87 on Friday. The stock’s 50 day simple moving average is $29.24 and its 200 day simple moving average is $28.44. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.84 and a current ratio of 2.96. Mueller Industries, Inc. has a twelve month low of $21.49 and a twelve month high of $34.24. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.13 and a beta of 1.38.
Mueller Industries (NYSE:MLI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.08. Mueller Industries had a return on equity of 20.22% and a net margin of 4.07%. The business had revenue of $608.60 million for the quarter. During the same period in the previous year, the business posted $0.35 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. On average, analysts forecast that Mueller Industries, Inc. will post 1.52 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on MLI shares. Zacks Investment Research downgraded Mueller Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. ValuEngine downgraded Mueller Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 17th. Finally, TheStreet raised Mueller Industries from a “c+” rating to a “b-” rating in a research note on Thursday.
Several hedge funds have recently modified their holdings of MLI. Premier Asset Management LLC bought a new position in shares of Mueller Industries in the 2nd quarter valued at approximately $220,000. Creative Planning bought a new position in shares of Mueller Industries in the 2nd quarter valued at approximately $230,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Mueller Industries by 14.3% in the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 8,000 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 1,000 shares in the last quarter. Aperio Group LLC raised its stake in shares of Mueller Industries by 25.4% in the 2nd quarter. Aperio Group LLC now owns 8,170 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 1,655 shares in the last quarter. Finally, RBF Capital LLC bought a new position in Mueller Industries in the 2nd quarter worth approximately $240,000. 90.79% of the stock is currently owned by institutional investors and hedge funds.
Mueller Industries Company Profile
Mueller Industries, Inc engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment consists of domestic piping systems group, Canadian operations, European operations, trading group, Jiangsu Mueller-Xingrong Copper Industries Limited, and Jungwoo Metal Ind.
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