Mueller Industries, Inc (NYSE:MLI) price on Friday, January 17, rose 0.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $82.12.
A look at the stock’s price movement, the close in the last trading session was $81.85, moving within a range at $81.17 and $83.2. The beta value (5-Year monthly) was 1.021 while the PE ratio in trailing twelve months stood at 15.96. Turning to its 52-week performance, $96.81 and $44.39 were the 52-week high and 52-week low respectively. Overall, MLI moved -2.32% over the past month.
Mueller Industries, Inc’s market cap currently stands at around $9.34 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 0.97%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 893M for the company’s revenue for the quarter, with a low and high estimate of 893M and 893M respectively. The average forecast suggests up to a 21.93% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.74B, representing a 9.29% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MLI is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
MLI’s current price about 2.51% and -1.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.00, while 7-day volatility ratio is 2.20% and 2.66% in the 30-day chart. Further, Mueller Industries, Inc (MLI) has a beta value of 1.00, and an average true range (ATR) of 2.16.
If we refocus on Mueller Industries, Inc (NYSE:MLI), historical trading data shows that trading volumes averaged 0.69 over the past 10 days and 1.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 113.73 million shares.
The 3.54% of Mueller Industries, Inc’s shares are in the hands of company insiders while institutional holders own 93.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.68 million on 2024-12-31, giving us a short ratio of 3.24. The data shows that as of 2024-12-31 short interest in Mueller Industries, Inc (MLI) stood at 461.00000000000006 of shares outstanding, with shares short rising to 3.43 million registered in 2024-11-29. Current price change has pushed the stock 3.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MLI stock continues to rise going into the next quarter.
