The stock of Mueller Industries, Inc (MLI) has gone down by -9.09% for the week, with a 0.37% rise in the past month and a 17.71% rise in the past quarter. The volatility ratio for the week is 3.88%, and the volatility levels for the past 30 days are 3.15% for MLI. The simple moving average for the last 20 days is -7.31% for MLI stock, with a simple moving average of 28.56% for the last 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 15.96x compared to its average ratio, The 36-month beta value for MLI is at 1.03. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MLI is 109.71M, and currently, shorts hold a 3.41% of that float. The average trading volume for MLI on November 26, 2024 was 821.17K shares.
MLI) stock’s latest price update
The stock price of Mueller Industries, Inc (NYSE: MLI) has plunged by -6.54 when compared to previous closing price of 87.90, but the company has seen a -9.09% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-21 that NEW YORK, Nov. 21, 2024 /PRNewswire/ — S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE: TPL) will replace Marathon Oil Corp. (NYSE: MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE: MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE: AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE: COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions.
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 2.92% 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 -15.15% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.88%, as shares sank -1.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.52% upper at present.
During the last 5 trading sessions, MLI fell by -9.09%, which changed the moving average for the period of 200-days by +65.69% in comparison to the 20-day moving average, which settled at $88.62. In addition, Mueller Industries, Inc saw 74.23% 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 Herzog Charles P Jr, who sale 15,000 shares at the price of $92.04 back on Nov 21 ’24. After this action, Herzog Charles P Jr now owns 17,733 shares of Mueller Industries, Inc, valued at $1,380,600 using the latest closing price.
Herzog Charles P Jr, the Director of Mueller Industries, Inc, proposed sale 15,000 shares at $90.81 during a trade that took place back on Nov 21 ’24, which means that Herzog Charles P Jr is holding shares at $1,362,150 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 886.41 million with net debt to EBITDA at -1.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.35. 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 conclusion, Mueller Industries, Inc (MLI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
