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.
ILLEGAL ACTIVITY NOTICE: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/26/mueller-industries-inc-mli-posts-earnings-results.html.
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.
Receive News & Ratings for Mueller Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.