Mueller Industries, Inc (NYSE: MLI) has a higher price-to-earnings ratio of 15.45x compared to its average ratio. MLI has 36-month beta value of 1.01. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MLI is 109.71M, and currently, short sellers hold a 3.12% ratio of that float. The average trading volume of MLI on December 20, 2024 was 1.29M shares.
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MLI) stock’s latest price update
Mueller Industries, Inc (NYSE: MLI)’s stock price has increased by 0.99 compared to its previous closing price of 78.71. However, the company has seen a -4.17% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-16 that Rise in Remodelling & Renovating Activities and Government Investments in Infrastructure Drives Market Growth Rise in Remodelling & Renovating Activities and Government Investments in Infrastructure Drives Market Growth
MLI’s Market Performance
MLI’s stock has fallen by -4.17% in the past week, with a monthly drop of -12.34% and a quarterly rise of 9.55%. The volatility ratio for the week is 3.48% while the volatility levels for the last 30 days are 3.35% for Mueller Industries, Inc The simple moving average for the last 20 days is -2.65% for MLI stock, with a simple moving average of 19.52% for the last 200 days.
Analysts’ Opinion of MLI
Many brokerage firms have already submitted their reports for MLI stocks, with Northcoast repeating the rating for MLI by listing it as a “Buy.” The predicted price for MLI in the upcoming period, according to Northcoast is $105 based on the research report published on December 11, 2024 of the current year 2024.
Boenning & Scattergood gave a rating of “Outperform” to MLI, setting the target price at $55 in the report published on December 14th of the previous year.
MLI Trading at -3.92% 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 -17.89% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares sank -12.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.02% upper at present.
During the last 5 trading sessions, MLI fell by -4.17%, which changed the moving average for the period of 200-days by +57.72% in comparison to the 20-day moving average, which settled at $81.66. In addition, Mueller Industries, Inc saw 68.59% 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 2.27. 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
To put it simply, Mueller Industries, Inc (MLI) has had a mixed 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’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.
