The Insider Activity Of Mueller Industries Inc. (MLI) Should Not Be Ignored

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SNOW Stock

As of Wednesday close, Mueller Industries Inc.’s (NYSE:MLI) stock was down -$0.24, moving down -0.35 percent to $69.00. The average number of shares traded per day over the past five days has been 237,460 shares. 2 times new highs have been achieved over the past 5 days, with a $1.56 gain in that time frame. In the last twenty days, the average volume was 279,280, while in the previous 50 days, it was 321,114.

Since last month, MLI stock rose 10.22%. Shares of the company fell to $60.04 on 11/03/22, the lowest level in the past month. A 52-week high of $70.38 was reached on 08/16/22 after having rallying from a 52-week low of $49.42. Since the beginning of this year, MLI’s stock price has risen by 16.24% or $9.64, and marked a new high 18 times. However, the stock has declined by -1.96% since its 52-week high.

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MLI stock investors should be aware that Mueller Industries Inc. (MLI) stock had its last reported insider trading activity 1 day ago on Nov 23. HANSEN JOHN B, the Director of the company, disposed of 1,000 shares for $68.94 on Nov 23. It resulted in a $68,944 divestment by the insider. HANSEN JOHN B sold 500 shares at an average price of $63.13 on Oct 20. The insider now owns 12,500 shares following the transaction. On Oct 20, Director HANSEN JOHN B sold 1,000 shares at $63.13 apiece. The transaction was valued at $63,130.

Valuation Metrics

Right now, Mueller Industries Inc. (MLI) has a P/E ratio of about 6.06. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.96, the price-to-book (PB) ratio of 2.36, and the price-to-cash flow ratio of 6.57 may also be considered.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Friday February 18 2022, a $0.12 dividend increase was announced.

Financial Health

In the three months ended September 29, Mueller Industries Inc.’s quick ratio stood at 2.60, while its current ratio was 3.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 26.90% percent. In the year ended September 29, operating margins totaled 21.10%. Based on annual data, MLI earned $830.36 million in gross profit and brought in $3.77 billion in revenue.

In Mueller Industries Inc.’s quarter-end financial report for September 29, it reported total debt of $1.18 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MLI’s revenue fell -3.96% to $1.15 billion during the quarter, while net income inched up to $944.83 million. While analysts expected Mueller Industries Inc. to report $2.35 quarterly earnings, the actual figure was $2.74 per share, beating the consensus estimate by 16.60%. During the quarter, the company generated $216.1 million in EBITDA. The liabilities of Mueller Industries Inc. were 455.1 million at the end of its most recent quarter ended September 29, and its total debt was $26.01 million. The value of shareholders’ equity is $56.87 million.

Technical Picture

This quick technical analysis looks at Mueller Industries Inc.’s (MLI) price momentum. With a historical volatility rate of 16.27%, the RSI 9-day stood at 70.43% on 23 November.

With respect to its five-day moving average, the current Mueller Industries Inc. price is up by +2.31% percent or $1.56. At present, MLI shares trade +10.22% above its 20-day simple moving average and +29.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.17% above its SMA50 and +22.54% above its SMA200.

Stochastic coefficient K was 90.45% and Stochastic coefficient D was 88.80%, while ATR was 1.70. Given the Stochastic reading of 91.88% for the 14-day period, the RSI (14) reading has been calculated as 66.16%. As of today, the MACD Oscillator reading stands at 1.00, while the 14-day reading stands at 2.59.

Analyst Ratings

Boenning & Scattergood upgraded its rating on Mueller Industries Inc. (NYSE: MLI) to an Outperform in a note to investors on December 14, 2020. The analysts firm previously had a Neutral rating on the stock.Mueller Industries Inc. (MLI) has been rated Buy by analysts. According to 0 brokerage firms, MLI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mueller Industries Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $100.00, the current consensus forecast for the stock is $100.00 – $100.00. Based on these forecasts, analysts predict Mueller Industries Inc. (MLI) will achieve an average price target of $100.00.


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