Mueller Industries (MLI) Projected to Post Earnings on Tuesday

Mueller Industries (NYSE:MLI) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $893,000.00 billion for the quarter.

Mueller Industries Stock Down 2.5 %

Shares of MLI opened at $78.83 on Tuesday. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 15.31 and a beta of 1.00. The company’s fifty day moving average is $81.33 and its 200-day moving average is $76.05. Mueller Industries has a 12 month low of $47.46 and a 12 month high of $96.81.

Mueller Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, December 6th. Mueller Industries’s payout ratio is 15.53%.

Insiders Place Their Bets

In other news, Director John B. Hansen sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the sale, the director now directly owns 94,914 shares in the company, valued at approximately $7,886,404.26. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the completion of the transaction, the director now owns 17,733 shares in the company, valued at $1,632,145.32. The trade was a 45.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Wednesday, December 11th.

About Mueller Industries

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.