Mueller Industries (MLI) Getting Somewhat Favorable Media Coverage, Study Finds
News coverage about Mueller Industries (NYSE:MLI) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.15 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.2298644508896 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Mueller Industries (NYSE MLI) opened at $36.45 on Friday. The company has a market capitalization of $2,110.00, a P/E ratio of 21.57 and a beta of 1.45. Mueller Industries has a 12 month low of $27.72 and a 12 month high of $43.96. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.73.
Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.39 EPS for the quarter. The business had revenue of $550.36 million during the quarter. Mueller Industries had a return on equity of 15.68% and a net margin of 4.39%.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. Mueller Industries’s payout ratio is 23.67%.
In other news, Director Charles P. Herzog, Jr. purchased 3,624 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $34.72 per share, with a total value of $125,825.28. Following the purchase, the director now owns 3,624 shares in the company, valued at approximately $125,825.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Hansen sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $33.15, for a total value of $66,300.00. Following the sale, the director now directly owns 45,607 shares of the company’s stock, valued at approximately $1,511,872.05. The disclosure for this sale can be found here. Insiders own 2.79% of the company’s stock.
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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