Mueller Industries Inc. (MLI) Set to Announce Earnings on Tuesday
Mueller Industries Inc. (NYSE:MLI) will announce its earnings results before the market opens on Tuesday, October 18th.
Mueller Industries (NYSE:MLI) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by $0.06. Mueller Industries had a return on equity of 10.15% and a net margin of 4.25%. On average, analysts expect Mueller Industries to post $1.55 EPS for the current fiscal year and $2.00 EPS for the next fiscal year.
Shares of Mueller Industries Inc. (NYSE:MLI) opened at 31.17 on Monday. Mueller Industries Inc. has a 1-year low of $23.09 and a 1-year high of $35.52. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 20.11 and a beta of 1.11. The stock has a 50 day moving average price of $32.83 and a 200 day moving average price of $32.18.
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The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, September 2nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, August 31st. Mueller Industries’s dividend payout ratio is currently 24.24%.
In other Mueller Industries news, VP Richard W. Corman sold 3,768 shares of Mueller Industries stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $34.20, for a total value of $128,865.60. Following the transaction, the vice president now directly owns 34,122 shares of the company’s stock, valued at $1,166,972.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Mueller Industries by 1.6% in the second quarter. State Street Corp now owns 1,159,093 shares of the company’s stock valued at $36,953,000 after buying an additional 18,083 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Mueller Industries by 58.9% in the second quarter. Thrivent Financial for Lutherans now owns 42,180 shares of the company’s stock valued at $1,345,000 after buying an additional 15,640 shares in the last quarter. Profund Advisors LLC raised its position in Mueller Industries by 8.1% in the second quarter. Profund Advisors LLC now owns 19,378 shares of the company’s stock valued at $618,000 after buying an additional 1,455 shares in the last quarter. Stevens Capital Management LP purchased a new position in Mueller Industries during the second quarter valued at about $523,000. Finally, Ingalls & Snyder LLC purchased a new position in Mueller Industries during the second quarter valued at about $320,000. 92.10% of the stock is currently owned by institutional investors and hedge funds.
About Mueller Industries
Mueller Industries, Inc (Mueller) is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). Its Plumbing & Refrigeration segment consists of Standard Products (SPD), Great Lakes Copper Ltd.
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