Mueller Industries, Inc (NYSE: MLI) May Be Attracting Institutional Investments

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

Mueller Industries, Inc is listed on the NYSE as a member of the Industrials sector and is a part of the Metal Fabrication industry. The current market capitalization of Mueller Industries, Inc is $10.80B. A total of 1.72 million shares were traded on the day, compared to an average of 772.67K shares.

In the most recent transaction, HANSEN JOHN B sold 1,000 shares of MLI for 83.09 per share on Oct 30 ’24. After the transaction, the Director now owns 94,914 company shares. In a previous transaction on Aug 23 ’24, Christopher Gregory L. sold 50,000 shares at 70.55 per share. MLI shares that Chairman of the Board & CEO owns now total 1,164,311.

Among the insiders who sold shares, Christopher Gregory L. disposed of 50,000 shares on Aug 22 ’24 at a per-share price of $69.92. This resulted in the Chairman of the Board & CEO holding 1,214,311 shares of MLI after the transaction. In another insider transaction, Christopher Gregory L. bought 100,000 shares at $69.90 per share on Aug 22 ’24.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Mueller Industries, Inc pays an annual dividend of $0.75, resulting in a dividend yield of 0.79%, and it has a price to earnings (P/E) ratio of 18.46. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MLI has a high of $84.88 and a low of $37.54.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $23.55, while its Total Shareholder’s Equity was $1.26B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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