Mueller Industries (MLI) Getting Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Mueller Industries (NYSE:MLI) has trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mueller Industries earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.847162884103 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Separately, BidaskClub downgraded shares of Mueller Industries from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.

Shares of Mueller Industries (NYSE MLI) traded up $0.05 during mid-day trading on Friday, hitting $35.09. 104,633 shares of the company were exchanged, compared to its average volume of 134,855. The stock has a market cap of $2,028.38, a PE ratio of 20.76 and a beta of 1.39. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.73. Mueller Industries has a 12 month low of $27.72 and a 12 month high of $43.96.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.39 EPS for the quarter. The company had revenue of $550.36 million for the quarter. Mueller Industries had a net margin of 4.39% and a return on equity of 15.68%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 30th. Mueller Industries’s payout ratio is currently 23.67%.

In related news, Director John B. Hansen sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $33.15, for a total transaction of $66,300.00. Following the sale, the director now directly owns 45,607 shares in the company, valued at approximately $1,511,872.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles P. Herzog, Jr. purchased 3,624 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average price of $34.72 per share, for a total transaction of $125,825.28. Following the completion of the purchase, the director now directly owns 3,624 shares in the company, valued at approximately $125,825.28. The disclosure for this purchase can be found here. Corporate insiders own 2.79% of the company’s stock.

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Mueller Industries Company Profile

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.

Insider Buying and Selling by Quarter for Mueller Industries (NYSE:MLI)

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