Mueller Industries, Inc (NYSE:MLI) price on Friday, February 28, rose 1.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $80.18.
A look at the stock’s price movement, the close in the last trading session was $78.80. The PE ratio in trailing twelve months stood at 15.10. Turning to its 52-week performance, $96.81 and $49.95 were the 52-week high and 52-week low respectively. Overall, MLI moved 0.84% over the past month.
Mueller Industries, Inc’s market cap currently stands at around $9.08 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 1.00%. 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 1B for the company’s revenue for the quarter, with a low and high estimate of 1B and 1B respectively. The average forecast suggests up to a 18.05% 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 4.15B, representing a 10.20% 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 Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
MLI’s current price about 0.42% and -0.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.19, while 7-day volatility ratio is 2.98% and 3.04% in the 30-day chart. Further, Mueller Industries, Inc (MLI) has a beta value of 1.00, and an average true range (ATR) of 2.32.
If we refocus on Mueller Industries, Inc (NYSE:MLI), historical trading data shows that trading volumes averaged 891.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 113.27 million shares.
The 3.53% of Mueller Industries, Inc’s shares are in the hands of company insiders while institutional holders own 92.10% of the company’s shares. Current price change has pushed the stock 1.03% 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.
