Mueller Industries (NYSE:MLI – Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.29 by $0.12, Zacks reports. The business had revenue of $997.75 million for the quarter. Mueller Industries had a net margin of 17.22% and a return on equity of 24.69%.
Mueller Industries Stock Down 1.9 %
Shares of MLI traded down $1.26 on Wednesday, hitting $65.63. 1,038,649 shares of the stock traded hands, compared to its average volume of 679,010. The firm has a market capitalization of $7.46 billion, a P/E ratio of 13.36 and a beta of 1.06. The stock’s 50 day moving average is $57.89 and its two-hundred day moving average is $53.83. Mueller Industries has a 1 year low of $34.96 and a 1 year high of $67.82.
Mueller Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, June 7th. Mueller Industries’s payout ratio is 16.03%.
Insider Activity at Mueller Industries
Mueller Industries Company Profile
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.
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