Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Mueller Industries (MLI) Stock Price
Media headlines about Mueller Industries (NYSE:MLI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mueller Industries earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.372731920565 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Mueller Industries (NYSE MLI) traded up 1.39% during mid-day trading on Friday, hitting $32.76. 190,610 shares of the company were exchanged. The company has a market capitalization of $1.89 billion, a P/E ratio of 18.71 and a beta of 1.38. Mueller Industries has a 12-month low of $27.72 and a 12-month high of $43.96. The company’s 50-day moving average is $30.04 and its 200 day moving average is $31.18.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.22%. Mueller Industries’s dividend payout ratio (DPR) is presently 22.86%.
Separately, BidaskClub cut shares of Mueller Industries from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.
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In related news, CFO Jeffrey Andrew Martin sold 3,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $32.01, for a total value of $112,035.00. Following the transaction, the chief financial officer now owns 111,146 shares in the company, valued at $3,557,783.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John B. Hansen sold 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $31.05, for a total transaction of $62,100.00. Following the completion of the transaction, the director now owns 45,607 shares in the company, valued at approximately $1,416,097.35. The disclosure for this sale can be found here. 2.79% of the stock is owned by insiders.
About Mueller Industries
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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