News stories about Mueller Industries (NYSE:MLI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mueller Industries earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 44.9207433520144 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Mueller Industries (NYSE MLI) traded up $0.23 during trading hours on Friday, hitting $36.67. The company had a trading volume of 424,000 shares, compared to its average volume of 168,262. Mueller Industries has a twelve month low of $27.72 and a twelve month high of $43.96. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2,120.00, a price-to-earnings ratio of 21.70 and a beta of 1.45.
Mueller Industries (NYSE:MLI) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.39 earnings per share for the quarter. Mueller Industries had a return on equity of 15.68% and a net margin of 4.39%. The company had revenue of $550.36 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.09%. Mueller Industries’s dividend payout ratio (DPR) is currently 23.67%.
In related news, Director John B. Hansen sold 2,000 shares of Mueller Industries stock in a transaction dated Monday, October 30th. The stock was 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 of the company’s stock, valued at $1,511,872.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles P. Herzog, Jr. bought 3,624 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were purchased at an average cost of $34.72 per share, for a total transaction of $125,825.28. Following the completion of the transaction, the director now owns 3,624 shares of the company’s stock, valued at $125,825.28. The disclosure for this purchase can be found here. 2.79% of the stock is owned by company insiders.
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.
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