Mueller Industries, Inc. (NYSE:MLI) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Mueller Industries an industry rank of 68 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Mueller Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th.
Mueller Industries (NYSE:MLI) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.29). Mueller Industries had a return on equity of 19.32% and a net margin of 3.87%. The company had revenue of $661.80 million for the quarter. Mueller Industries’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts predict that Mueller Industries will post 1.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Mueller Industries’s payout ratio is 21.51%.
In other Mueller Industries news, Director Scott Jay Goldman bought 1,150 shares of Mueller Industries stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average price of $27.35 per share, for a total transaction of $31,452.50. Following the completion of the purchase, the director now directly owns 12,450 shares of the company’s stock, valued at $340,507.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of MLI. Rhumbline Advisers grew its stake in Mueller Industries by 19.5% during the fourth quarter. Rhumbline Advisers now owns 168,248 shares of the industrial products company’s stock valued at $3,930,000 after acquiring an additional 27,429 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Mueller Industries during the fourth quarter valued at approximately $512,000. Piedmont Investment Advisors Inc. grew its stake in Mueller Industries by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,706 shares of the industrial products company’s stock valued at $320,000 after acquiring an additional 451 shares in the last quarter. Prudential Financial Inc. grew its stake in Mueller Industries by 61.0% during the fourth quarter. Prudential Financial Inc. now owns 405,351 shares of the industrial products company’s stock valued at $9,469,000 after acquiring an additional 153,657 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Mueller Industries by 1.3% during the fourth quarter. California Public Employees Retirement System now owns 179,381 shares of the industrial products company’s stock valued at $4,190,000 after acquiring an additional 2,303 shares in the last quarter. 92.00% of the stock is owned by institutional investors.
Mueller Industries Company Profile
Mueller Industries, Inc engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment consists of domestic piping systems group, Canadian operations, European operations, trading group, Jiangsu Mueller-Xingrong Copper Industries Limited, and Jungwoo Metal Ind.
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