In the past week, MLI stock has gone up by 11.53%, with a monthly gain of 8.95% and a quarterly surge of 23.85%. The volatility ratio for the week is 3.76%, and the volatility levels for the last 30 days are 2.66% for Mueller Industries, Inc. The simple moving average for the past 20 days is 9.26% for MLI’s stock, with a 31.97% simple moving average for the past 200 days.
Is It Worth Investing in Mueller Industries, Inc. (NYSE: MLI) Right Now?
Mueller Industries, Inc. (NYSE: MLI) has a higher price-to-earnings ratio of 10.92x compared to its average ratio. MLI has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MLI is 109.50M, and currently, short sellers hold a 5.07% ratio of that float. The average trading volume of MLI on April 25, 2024 was 698.36K shares.
MLI) stock’s latest price update
The stock of Mueller Industries, Inc. (NYSE: MLI) has increased by 0.91 when compared to last closing price of 57.44.Despite this, the company has seen a gain of 11.53% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-31 that March 2024 AAII Journal, screens, and a Barron’s reporters combined to list two sets of stocks herewith called: “AAII/Barron’s All-Stars Q1/24”. The AII article was titled ‘Stock Screen All-Stars’, and the Barron’s piece was ‘5 Small Cap Stocks Poised to Rebound’. Here are 22 stocks of which fourteen pay dividends and one of those was ideal, showing dividends from 1K invested greater than its stock price as of 3/28/24.
Analysts’ Opinion of MLI
Boenning & Scattergood, on the other hand, stated in their research note that they expect to see MLI reach a price target of $55. The rating they have provided for MLI stocks is “Outperform” according to the report published on December 14th, 2020.
Boenning & Scattergood gave a rating of “Outperform” to MLI, setting the target price at $40 in the report published on February 04th of the previous year.
MLI Trading at 11.79% from the 50-Day Moving Average
After a stumble in the market that brought MLI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.54% of gains for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +9.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.50% upper at present.
During the last 5 trading sessions, MLI rose by +11.53%, which changed the moving average for the period of 200-days by +35.23% in comparison to the 20-day moving average, which settled at $53.30. In addition, Mueller Industries, Inc. saw 22.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MLI starting from Martin Jeffrey Andrew, who sale 47,280 shares at the price of $49.25 back on Feb 08 ’24. After this action, Martin Jeffrey Andrew now owns 370,840 shares of Mueller Industries, Inc., valued at $2,328,587 using the latest closing price.
HANSEN JOHN B, the Director of Mueller Industries, Inc., sale 5,000 shares at $49.33 during a trade that took place back on Feb 08 ’24, which means that HANSEN JOHN B is holding 18,000 shares at $246,650 based on the most recent closing price.
Stock Fundamentals for MLI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.47 for the gross margin
The net margin for Mueller Industries, Inc. stands at 0.17. The total capital return value is set at -2.1. Equity return is now at value 29.21, with 24.11 for asset returns.
Based on Mueller Industries, Inc. (MLI), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 16.33. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 738.0.
Currently, EBITDA for the company is 776.62 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.43.
Conclusion
To put it simply, Mueller Industries, Inc. (MLI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
