As of Friday close, Mueller Industries Inc.’s (NYSE:MLI) stock was down -$2.5, moving down -3.43 percent to $70.48. The average number of shares traded per day over the past five days has been 1,226,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.17 fall in that time frame. In the last twenty days, the average volume was 578,090, while in the previous 50 days, it was 448,228.
Since last month, MLI stock retreated -4.06%. Shares of the company fell to $68.94 on 03/16/23, the lowest level in the past month. A 52-week high of $76.00 was reached on 02/07/23 after having rallying from a 52-week low of $50.05. Since the beginning of this year, MLI’s stock price has risen by 19.46% or $11.48, and marked a new high 12 times. However, the stock has declined by -7.26% since its 52-week high.
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Sponsored
MLI stock investors should be aware that Mueller Industries Inc. (MLI) stock had its last reported insider trading activity 15 days ago on Mar 03. Christopher Gregory L., the Chairman of the Board & CEO of the company, disposed of 4,112 shares for $75.17 on Mar 03. It resulted in a $309,099 divestment by the insider. Christopher Gregory L. sold 507 shares at an average price of $75.00 on Mar 02. The insider now owns 603,671 shares following the transaction. On Feb 09, Director HANSEN JOHN B sold 1,778 shares at $73.43 apiece. The transaction was valued at $130,555.
Valuation Metrics
Right now, Mueller Industries Inc. (MLI) has a P/E ratio of about 6.05. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 1.05, the price-to-book (PB) ratio of 2.19, and the price-to-cash flow ratio of 6.33 may also be considered.
The latest dividend of $0.30 per share was paid out, which is 20.0% more than last year’s $0.25. On Tuesday February 21 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended December 30, Mueller Industries Inc.’s quick ratio stood at 3.10, while its current ratio was 4.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 28.10% percent. In the year ended December 30, operating margins totaled 21.70%. Based on annual data, MLI earned $1.12 billion in gross profit and brought in $3.98 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 35.70%. Return on equity (ROE) for the past 12 months was 41.80%.
In Mueller Industries Inc.’s quarter-end financial report for December 30, it reported total debt of $1.22 million against cash and short-term investments of $217.86 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 -8.98% to $944.83 million during the quarter, while net income inched up to $877.58 million. While analysts expected Mueller Industries Inc. to report $2.18 quarterly earnings, the actual figure was $2.46 per share, beating the consensus estimate by 12.80%. During the quarter, the company generated $201.24 million in EBITDA. The liabilities of Mueller Industries Inc. were 428.44 million at the end of its most recent quarter ended December 30, and its total debt was $23.85 million. The value of shareholders’ equity is $57.02 million.
Technical Picture
This quick technical analysis looks at Mueller Industries Inc.’s (MLI) price momentum. With a historical volatility rate of 34.88%, the RSI 9-day stood at 40.13% on 17 March.
With respect to its five-day moving average, the current Mueller Industries Inc. price is down by -1.63% percent or -$1.17. At present, MLI shares trade -4.02% below its 20-day simple moving average and +13.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.90% above its SMA50 and +30.88% above its SMA200.
Stochastic coefficient K was 33.14% and Stochastic coefficient D was 35.62%, while ATR was 2.44. Given the Stochastic reading of 22.60% for the 14-day period, the RSI (14) reading has been calculated as 45.09%. As of today, the MACD Oscillator reading stands at -1.08, while the 14-day reading stands at -1.75.
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 2 recommending it as overweight.
With a median target price of $105.00, the current consensus forecast for the stock is $100.00 – $110.00. Based on these forecasts, analysts predict Mueller Industries Inc. (MLI) will achieve an average price target of $105.00.