Mueller Industries, Inc. [MLI] stock is trading at $81.85, up 0.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The MLI shares have gain 13.32% over the last week, with a monthly amount glided 14.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mueller Industries, Inc. [NYSE: MLI] stock has seen the most recent analyst activity on January 19, 2024, when Northcoast downgraded its rating to a Neutral. Previously, Boenning & Scattergood upgraded its rating to Outperform on December 14, 2020, and kept the price target unchanged to $55. On February 04, 2020, upgrade upgraded it’s rating to Outperform but maintained its price target of $40 on the stock. Boenning & Scattergood started tracking the stock assigning a Neutral rating. Monness Crespi & Hardt downgraded its rating to a Neutral.
Mueller Industries, Inc. [MLI] stock has fluctuated between $36.39 and $84.11 over the past year. Mueller Industries, Inc. [NYSE: MLI] shares were valued at $81.85 at the most recent close of the market.
Analyzing the MLI fundamentals
Mueller Industries, Inc. [NYSE:MLI] reported sales of 3.58B for the trailing twelve months, which represents a growth of 21.72%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.23 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.14 points at the first support level, and at 80.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.65, and for the 2nd resistance point, it is at 83.45.
Ratios To Look Out For
For context, Mueller Industries, Inc.’s Current Ratio is 4.86. On the other hand, the Quick Ratio is 3.85, and the Cash Ratio is 2.45. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 3.48 and price to earnings (TTM) ratio is 15.90.
Transactions by insiders
Recent insider trading involved Christopher Gregory L., Chairman of the Board & CEO, that happened on Aug 23 ’24 when 50000.0 shares were sold. Chairman of the Board & CEO, Christopher Gregory L. completed a deal on Aug 22 ’24 to sell 50000.0 shares. Meanwhile, Officer Christopher Gregory L. bought 100000.0 shares on Aug 22 ’24.
