Mueller Industries, Inc (NYSE:MLI) does about 1.28M shares in volume on a normal day but saw 883596 shares change hands in the recent trading day. The company now has a market cap of 9.38B USD. Its current market price is $82.49, marking a decrease of -1.88% compared to the previous close of $84.07. The 52 week high reached by this stock is $96.81 whilst the lowest price level in 52 weeks is $44.18.
Mueller Industries, Inc (MLI) has a 20-day trading average at $82.83 and the current price is -14.80% off the 52-week high compared with 86.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $82.45 and its 200-day simple moving average is $66.22. If we look at the stock’s price movements over the week, volatility stands at 3.02%, which increases to 3.12% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.26 to suggest the stock is neutral.
The consensus objective for the share price is $105.00, suggesting that the stock has a potential upside of 21.44% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 11, 2024 when Northcoast upgraded the stock to “Buy” and issued a price target of $105. Boenning & Scattergood upgraded its price target at $55.
The current price level is -0.41%, 0.05%, and 24.56% away from its SMA20, SMA50, and SMA200 respectively, with the MLI price moving above the 50-day SMA on current market day. Mueller Industries, Inc (MLI) stock is up 2.91% over the week and -6.98% over the past month. Its price is 74.95% year-to-date and 84.71% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 1.12 and 5.2 for whole year. Expected sales for next quarter are $1B, which analysts say will come at $3.74B for the current fiscal year and next year at $4.15B. In addition, estimates put the company’s current quarterly revenue at an average of $893M.
To reach the target analysts have set, the stock logically needs to grow 21.44 percent from here.
Outstanding shares total 113.73M with insiders holding 2.48% of the shares and institutional holders owning 94.91% of the company’s common stock. The company has a return on investment of 21.70% and return on equity of 23.94%. The price to earnings ratio (P/E ratio) amounts to 16.03 while the forward price to earnings ratio is 15.14. The beta has a value of 1.00. Price to book ratio is 3.50 and price to sales ratio is 2.62.
