For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Mueller Industries, Inc. (NYSE: MLI) was $58.41 for the day, up 0.78% from the previous closing price of $57.96. In other words, the price has increased by $0.78 from its previous closing price. On the day, 1.15 million shares were traded. MLI stock price reached its highest trading level at $58.96 during the session, while it also had its lowest trading level at $57.04.
Ratios:
Our analysis of MLI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.87. For the most recent quarter (mrq), Quick Ratio is recorded 5.06 and its Current Ratio is at 6.05. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On December 14, 2020, Boenning & Scattergood Upgraded its rating to Outperform which previously was Neutral but kept the price unchanged to $55.
Boenning & Scattergood Upgraded its Neutral to Outperform on February 04, 2020, while the target price for the stock was maintained at $40.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 25 ’24 when HANSEN JOHN B sold 4,000 shares for $57.29 per share. The transaction valued at 229,178 led to the insider holds 104,214 shares of the business.
Martin Jeffrey Andrew sold 47,280 shares of MLI for $2,328,587 on Feb 08 ’24. The EVP, CFO & Treasurer now owns 370,840 shares after completing the transaction at $49.25 per share. On Feb 08 ’24, another insider, HANSEN JOHN B, who serves as the Director of the company, sold 5,000 shares for $49.33 each. As a result, the insider received 246,650 and left with 18,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MLI now has a Market Capitalization of 6635200512 and an Enterprise Value of 5208210432. As of this moment, Mueller’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.72, and their Forward P/E ratio for the next fiscal year is 12.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 1.579 whereas that against EBITDA is 7.113.
Stock Price History:
Over the past 52 weeks, MLI has reached a high of $59.59, while it has fallen to a 52-week low of $34.08. The 50-Day Moving Average of the stock is 12.32%, while the 200-Day Moving Average is calculated to be 32.77%.
Shares Statistics:
MLI traded an average of 713.24K shares per day over the past three months and 852400 shares per day over the past ten days. A total of 114.16M shares are outstanding, with a floating share count of 109.50M. Insiders hold about 3.64% of the company’s shares, while institutions hold 96.45% stake in the company. Shares short for MLI as of 1713139200 were 5137553 with a Short Ratio of 7.20, compared to 1710460800 on 6698901. Therefore, it implies a Short% of Shares Outstanding of 5137553 and a Short% of Float of 6.45.
Dividends & Splits
With its trailing 12-month dividend rate of 0.65, MLI has a forward annual dividend rate of 0.95. Against a Trailing Annual Dividend Yield of 0.011214631The stock’s 5-year Average Dividend Yield is 1.29.
