Mueller Industries, Inc. (MLI) Posts Earnings Results

Mueller Industries, Inc. (NYSE:MLI) posted its earnings results on Tuesday. The industrial products company reported $0.39 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $550.36 million for the quarter.

Shares of Mueller Industries (NYSE MLI) traded up 0.03% during trading on Thursday, reaching $34.49. The company had a trading volume of 125,808 shares. The stock has a 50 day moving average of $33.39 and a 200 day moving average of $31.20. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 19.70 and a beta of 1.41. Mueller Industries has a 52-week low of $27.72 and a 52-week high of $43.96.

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In related news, CFO Jeffrey Andrew Martin sold 3,500 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $32.01, for a total transaction of $112,035.00. Following the sale, the chief financial officer now owns 111,146 shares in the company, valued at $3,557,783.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hansen sold 2,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $31.05, for a total transaction of $62,100.00. Following the sale, the director now owns 45,607 shares in the company, valued at approximately $1,416,097.35. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.

Separately, BidaskClub cut Mueller Industries from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.

Mueller Industries Company Profile

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.

Earnings History for Mueller Industries (NYSE:MLI)

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