Mueller Industries, Inc (NYSE:MLI) does about 930.69K shares in volume on a normal day but saw 1182160 shares change hands in the recent trading day. The company now has a market cap of 8.58B USD. Its current market price is $77.53, marking an increase of 0.71% compared to the previous close of $76.98. The 52 week high reached by this stock is $96.81 whilst the lowest price level in 52 weeks is $55.19.
The consensus objective for the share price is $110.00, suggesting that the stock has a potential upside of 29.52% 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 1.20%, 2.69%, and -0.73% 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 4.70% over the week and 1.88% over the past month. Its price is 39.84% year-to-date and -2.31% over the past year.
To reach the target analysts have set, the stock logically needs to grow 29.52 percent from here.
Outstanding shares total 110.65M with insiders holding 2.46% of the shares and institutional holders owning 94.87% of the company’s common stock. The company has a return on investment of 23.19% and return on equity of 24.51%. The price to earnings ratio (P/E ratio) amounts to 14.13 while the forward price to earnings ratio is 11.32. The beta has a value of 1.03. Price to book ratio is 3.22 and price to sales ratio is 2.19.
