The stock price of Mueller Industries, Inc. (NYSE: MLI) has plunged by -0.39 when compared to previous closing price of 71.22, but the company has seen a 5.66% gain in its stock price over the last five trading sessions. fool.com reported 2024-08-31 that One has delivered spectacular returns. One has spectacular potential.
Is It Worth Investing in Mueller Industries, Inc. (NYSE: MLI) Right Now?
Mueller Industries, Inc. (NYSE: MLI) has a price-to-earnings ratio of 14.69x that is above its average ratio. Additionally, the 36-month beta value for MLI is 1.04. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MLI is 109.29M and currently, short sellers hold a 4.12% ratio of that float. The average trading volume of MLI on September 19, 2024 was 749.86K shares.
MLI’s Market Performance
MLI stock saw an increase of 5.66% in the past week, with a monthly gain of 2.81% and a quarterly increase of 28.56%. The volatility ratio for the week is 2.39%, and the volatility levels for the last 30 days are 2.48% for Mueller Industries, Inc. (MLI). The simple moving average for the last 20 days is 2.59% for MLI stock, with a simple moving average of 27.57% for the last 200 days.
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 5.70% 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 unable to rebound, for now settling with -2.60% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +4.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.29% upper at present.
During the last 5 trading sessions, MLI rose by +5.66%, which changed the moving average for the period of 200-days by +70.82% in comparison to the 20-day moving average, which settled at $69.31. In addition, Mueller Industries, Inc. saw 50.46% 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 Christopher Gregory L., who sale 50,000 shares at the price of $70.55 back on Aug 23 ’24. After this action, Christopher Gregory L. now owns 1,164,311 shares of Mueller Industries, Inc., valued at $3,527,500 using the latest closing price.
Christopher Gregory L., the Chairman of the Board & CEO of Mueller Industries, Inc., sale 50,000 shares at $69.92 during a trade that took place back on Aug 22 ’24, which means that Christopher Gregory L. is holding 1,214,311 shares at $3,496,000 based on the most recent closing price.
Stock Fundamentals for MLI
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.27 for the gross margin
The net margin for Mueller Industries, Inc. stands at 0.16. The total capital return value is set at 0.27. Equity return is now at value 23.61, with 19.51 for asset returns.
Based on Mueller Industries, Inc. (MLI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 78.6. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 765.37.
Currently, EBITDA for the company is 776.62 million with net debt to EBITDA at -1.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 6.51for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.66.
Conclusion
In conclusion, Mueller Industries, Inc. (MLI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
