Today, Mueller Industries, Inc. (NYSE: MLI) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Metal Fabrication industry segment. The current market capitalization of Mueller Industries, Inc. is $7.81B. A total of 0.95 million shares were traded on the day, compared to an average of 677.02K shares.

In the most recent transaction, GLADSTEIN GARY S sold 4,000 shares of MLI for 58.90 per share on May 31 ’24. After the transaction, the Director now owns 10,111 company shares. In a previous transaction on May 31 ’24, GLADSTEIN GARY S sold 2,000 shares at 58.82 per share. MLI shares that Director owns now total 290,206.

Among the insiders who sold shares, DONOVAN ELIZABETH M disposed of 2,000 shares on May 30 ’24 at a per-share price of $57.73. This resulted in the Director holding 24,733 shares of MLI after the transaction. In another insider transaction, HANSEN JOHN B sold 2,733 shares at $58.61 per share on May 13 ’24. Company shares held by the Director now total 103,914.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Mueller Industries, Inc. pays an annual dividend of $0.70, resulting in a dividend yield of 1.02%, and it has a price to earnings (P/E) ratio of 14.28. MLI’s most recent ex-dividend date was 6/7/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 6/21/2024. Previously, the company paid the dividend on 3/29/2024 with an ex-dividend date of 3/14/2024. The MLI stock dividend was $0.20 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MLI has a high of $70.58 and a low of $34.96.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MLI’s latest balance sheet shows that the firm has $87.92M in Cash & Short Term Investments as of fiscal 2021. There were $24.99M in debt and $382.44M in liabilities at the time. Its Book Value Per Share was $22.45, while its Total Shareholder’s Equity was $1.26B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MLI is Buy with a score of 3.00.

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