Mueller Industries Stock Today
| MLI Stock | USD 57.33 1.08 1.85% |
Performance10 of 100
| Odds Of DistressLess than 2
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Mueller Industries is trading at 57.33 as of the 28th of April 2024. This is a -1.85% down since the beginning of the trading day. The stock's open price was 58.41. Mueller Industries has a very small chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Mueller Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 25th of February 1991 | Category Industrials |
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. The company was founded in 1917 and is headquartered in Collierville, Tennessee. The company has 113.6 M outstanding shares of which 5.14 M shares are now shorted by investors with about 7.7 days to cover. More on Mueller Industries
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Follow Valuation Options Odds of Bankruptcy
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Mueller Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mueller Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mueller Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Gregory Christopher | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Steel Works Etc (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Industrials REIT Ltd., Mintails Ltd, Industrials REIT Ltd] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Metal Fabrication, Industrials, NYSE Composite, SP Small-Cap 600, Steel Works Etc, Industrials, Machinery, Metal Fabrication, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Mueller Industries report their recommendations after researching Mueller Industries' financial statements, talking to executives and customers, or listening in on Mueller Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mueller Industries. The Mueller consensus assessment is calculated by taking the average forecast from all of the analysts covering Mueller Industries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Mueller Industries' liquidity, profitability, solvency, and operating efficiency, Mueller Industries is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Mueller Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Mueller Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Mueller Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mueller Industries' financial leverage. It provides some insight into what part of Mueller Industries' total assets is financed by creditors.
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Mueller Industries (MLI) is traded on New York Stock Exchange in USA. It is located in 150 Schilling Boulevard, Collierville, TN, United States, 38017 and employs 4,509 people. Mueller Industries is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mueller Industries's market, we take the total number of its shares issued and multiply it by Mueller Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Mueller Industries runs under Machinery sector within Industrials industry. The entity has 113.6 M outstanding shares of which 5.14 M shares are now shorted by investors with about 7.7 days to cover.
Mueller Industries has about 461.02 M in cash with 673.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.5.
Check Mueller Industries Probability Of Bankruptcy
Ownership AllocationMueller Industries maintains a total of 113.6 Million outstanding shares. The majority of Mueller Industries outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Mueller Industries to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Mueller Industries. Please pay attention to any change in the institutional holdings of Mueller Industries as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Mueller Ownership Details
Mueller Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Mueller Industries jumping above the current price in 90 days from now is about 1.01%. The Mueller Industries probability density function shows the probability of Mueller Industries stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.9786. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mueller Industries will likely underperform. Additionally, mueller Industries has an alpha of 0.1647, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Mueller Industries to move above the current price in 90 days from now is about 1.01 (This Mueller Industries probability density function shows the probability of Mueller Stock to fall within a particular range of prices over 90 days) .
Mueller Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Mueller Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mueller Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mueller Industries' value.| Instituion | Recorded On | Shares | |
| American Century Companies Inc | 2023-12-31 | 2.1 M | |
| Gates Capital Management Inc | 2023-12-31 | 1.9 M | |
| Victory Capital Management Inc. | 2023-12-31 | 1.7 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.7 M | |
| Lsv Asset Management | 2023-12-31 | 1.4 M | |
| Rockefeller Capital Management L.p. | 2023-12-31 | 1.4 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 1.3 M | |
| Northern Trust Corp | 2023-12-31 | 1.3 M | |
| Norges Bank | 2023-12-31 | 1.3 M | |
| Blackrock Inc | 2023-12-31 | 18.6 M | |
| Vanguard Group Inc | 2023-12-31 | 12.3 M |
Mueller Industries Historical Income Statement
Mueller Industries Income Statement is one of the three primary financial statements used for reporting Mueller's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mueller Industries revenue and expense. Mueller Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Mueller Industries' EBITDA is increasing as compared to previous years. The Mueller Industries' current Income Before Tax is estimated to increase to about 887.5 M, while Depreciation And Amortization is projected to decrease to under 34.3 M. View More FundamentalsMueller Stock Against Markets
Picking the right benchmark for Mueller Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mueller Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mueller Industries is critical whether you are bullish or bearish towards Mueller Industries at a given time. Please also check how Mueller Industries' historical prices are related to one of the top price index indicators.
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Mueller Industries Corporate Directors
Mueller Industries corporate directors refer to members of a Mueller Industries board of directors. The board of directors generally takes responsibility for the Mueller Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mueller Industries' board members must vote for the resolution. The Mueller Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Charles Herzog | Independent Director | Profile | |
| Gennaro Fulvio | Independent Director | Profile | |
| Paul Flaherty | Independent Director | Profile | |
| Elizabeth Donovan | Independent Director | Profile |
How to buy Mueller Stock?
Before investing in Mueller Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mueller Industries. To buy Mueller Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mueller Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mueller Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mueller Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mueller Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Mueller Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Mueller Stock please use our How to Invest in Mueller Industries guide.
Already Invested in Mueller Industries?
The danger of trading Mueller Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mueller Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mueller Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mueller Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Mueller Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mueller Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mueller Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mueller Industries Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mueller Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Mueller Stock please use our How to Invest in Mueller Industries guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Mueller Industries' price analysis, check to measure Mueller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mueller Industries is operating at the current time. Most of Mueller Industries' value examination focuses on studying past and present price action to predict the probability of Mueller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mueller Industries' price. Additionally, you may evaluate how the addition of Mueller Industries to your portfolios can decrease your overall portfolio volatility.
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Is Mueller Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mueller Industries. If investors know Mueller will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mueller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 0.65 | Earnings Share 4.97 | Revenue Per Share 29.605 | Quarterly Revenue Growth (0.12) |
The market value of Mueller Industries is measured differently than its book value, which is the value of Mueller that is recorded on the company's balance sheet. Investors also form their own opinion of Mueller Industries' value that differs from its market value or its book value, called intrinsic value, which is Mueller Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mueller Industries' market value can be influenced by many factors that don't directly affect Mueller Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mueller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mueller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mueller Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.