There Is A Quest For Clarity Surrounding Mueller Industries, Inc. (NYSE: MLI) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Metal Fabrication industry segment, falling under the Industrials sector. The current market capitalization of Mueller Industries, Inc. is $9.45B. A total of 0.93 million shares were traded on the day, compared to an average of 793.08K shares.

In the most recent transaction, Christopher Gregory L. sold 50,000 shares of MLI for 70.55 per share on Aug 23 ’24. After the transaction, the Chairman of the Board & CEO now owns 1,164,311 company shares. In a previous transaction on Aug 22 ’24, Christopher Gregory L. sold 50,000 shares at 69.92 per share. MLI shares that Chairman of the Board & CEO owns now total 1,214,311.

Among the insiders who bought shares, Christopher Gregory L. acquired of 100,000 shares on Aug 22 ’24 at a per-share price of $69.90. In another insider transaction, Christopher Gregory L. sold 55,000 shares at $67.59 per share on Aug 13 ’24. Company shares held by the Chairman of the Board & CEO now total 1,309,311.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Mueller Industries, Inc. pays an annual dividend of $0.75, resulting in a dividend yield of 0.90%, and it has a price to earnings (P/E) ratio of 16.14. MLI’s most recent ex-dividend date was 9/6/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 9/20/2024. Previously, the company paid the dividend on 6/21/2024 with an ex-dividend date of 6/7/2024. The MLI stock dividend was $0.20 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MLI has a high of $84.11 and a low of $36.88.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $23.55, while its Total Shareholder’s Equity was $1.26B.

Analysts Opinion

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. 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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