Northcoast has recently reduced Mueller Industries Inc (MLI) stock to Neutral rating, as announced on January 19, 2024, according to Finviz. Earlier, on December 14, 2020, Boenning & Scattergood had raised the stock from a Neutral to Outperform, setting a price target of $55. Boenning & Scattergood also raised Outperform rating with a price target of $40. Additionally, Boenning & Scattergood initiated Neutral rating on May 18, 2018. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Mueller Industries Inc (MLI) Stock Trading Recap
On Tuesday, Mueller Industries Inc (MLI) stock saw a modest uptick, ending the day at $82.22 which represents a slight increase of $10.14 or 14.07% from the prior close of $72.08. The stock opened at $78.5 and touched a low of $77 during the day, reaching a high of $84.11. The volume of shares traded was 1.95 million exceeding the average volume of 0.77 million.
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MLI Stock Performance and Moving Averages
In recent trading, Mueller Industries Inc (MLI) stock price has shown some volatility, fluctuating 12.85% over the last five trades and 14.50% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 43.14%, and it has gained 25.28% in the previous three months. Currently, MLI is trading at 12.70%, 16.01%, and 39.12% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MLI, a Industrials sector stock, is trading 9.64% below its 52-week high but remains 134.85% above its 52-week low. The Average True Range (ATR) (14 days) of 2.46 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Mueller Industries Inc’s Profitability and Valuation Ratios
Mueller Industries Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 20.63% and a profit margin of 16.39%, with a gross margin of 43.14%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Mueller Industries Inc’s market capitalization stands at $9.32 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.99, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.51. Additionally, the Price-to-Sales Ratio is 2.6, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.66, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.56% of Mueller Industries Inc (MLI)’s shares, while financial institutions hold 93.03%.
Notable insider trades include Christopher Gregory L., Chairman of the Board & CEO at Mueller Industries Inc (MLI), who sold 50000 shares on Aug 23 ’24, at $70.55 each, totaling $3.53 million. On Aug 22 ’24, Christopher Gregory L., Chairman of the Board & CEO, sold 50000 shares for $69.92 each, amounting to $3.50 million. Additionally, on Aug 13 ’24, Christopher Gregory L. sold 55000 shares at $67.59 each, generating $3.72 million.
