Mueller Industries, Inc. (NYSE:MLI – Get Free Report) Director John B. Hansen sold 1,000 shares of Mueller Industries stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total transaction of $83,090.00. Following the completion of the transaction, the director now directly owns 94,914 shares in the company, valued at $7,886,404.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mueller Industries Price Performance
Shares of Mueller Industries stock opened at $81.46 on Friday. The firm’s fifty day simple moving average is $73.09 and its 200-day simple moving average is $64.64. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 15.82 and a beta of 1.03. Mueller Industries, Inc. has a 12 month low of $37.54 and a 12 month high of $84.11.
Mueller Industries (NYSE:MLI – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.16. Mueller Industries had a net margin of 16.39% and a return on equity of 23.25%. The firm had revenue of $997.80 million for the quarter, compared to analyst estimates of $936.00 million. Mueller Industries’s revenue for the quarter was up 21.7% on a year-over-year basis.
Hedge Funds Weigh In On 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.
Featured Stories
- Five stocks we like better than Mueller Industries
- ETF Screener: Uses and Step-by-Step Guide
- Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
- Overbought Stocks Explained: Should You Trade Them?
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Top Nuclear Stocks Thriving on Soaring Energy Demand
Receive News & Ratings for Mueller Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries and related companies with MarketBeat.com's FREE daily email newsletter.