The price-to-earnings ratio for Mueller Industries, Inc (NYSE: MLI) is above average at 18.46x, Company’s 36-month beta value is 1.03.Analysts have differing opinions 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 109.70M, and currently, short sellers hold a 3.29% ratio of that floaft. The average trading volume of MLI on November 07, 2024 was 772.67K shares.
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MLI) stock’s latest price update
Mueller Industries, Inc (NYSE: MLI)’s stock price has increased by 12.12 compared to its previous closing price of 84.73. However, the company has seen a 14.46% increase in its stock price over the last five trading sessions. fxempire.com reported 2024-10-22 that Mueller Industries, Inc. (MLI) is a big-time player in copper, making its shares rise.
MLI’s Market Performance
Mueller Industries, Inc (MLI) has experienced a 14.46% rise in stock performance for the past week, with a 32.05% rise in the past month, and a 41.12% rise in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 2.84% for MLI. The simple moving average for the last 20 days is 19.88% for MLI stock, with a simple moving average of 55.31% 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 28.24% 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 11.92% of gains for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +31.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.12% upper at present.
During the last 5 trading sessions, MLI rose by +14.46%, which changed the moving average for the period of 200-days by +101.78% in comparison to the 20-day moving average, which settled at $79.25. In addition, Mueller Industries, Inc saw 101.48% 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 HANSEN JOHN B, who sale 1,000 shares at the price of $83.09 back on Oct 30 ’24. After this action, HANSEN JOHN B now owns 94,914 shares of Mueller Industries, Inc, valued at $83,090 using the latest closing price.
Christopher Gregory L., the Chairman of the Board & CEO of Mueller Industries, Inc, sale 50,000 shares at $70.55 during a trade that took place back on Aug 23 ’24, which means that Christopher Gregory L. is holding 1,164,311 shares at $3,527,500 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 0.26. Equity return is now at value 23.94, with 19.98 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 718.88. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 702.0.
Currently, EBITDA for the company is 776.62 million with net debt to EBITDA at -1.18. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 7.15for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.86.
Conclusion
In a nutshell, Mueller Industries, Inc (MLI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
