There’s No Need To Panic Or Freeze When It Comes To Mueller Industries, Inc. (NYSE: MLI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Metal Fabrication industry segment. The current market capitalization of Mueller Industries, Inc. is $6.66B. A total of 0.54 million shares were traded on the day, compared to an average of 704.10K shares.

In the most recent transaction, Martin Jeffrey Andrew sold 52,436 shares of MLI for 57.25 per share on Apr 26 ’24. After the transaction, the EVP, CFO & Treasurer now owns 313,529 company shares. In a previous transaction on Apr 26 ’24, GLADSTEIN GARY S sold 4,250 shares at 58.58 per share. MLI shares that Director owns now total 292,206.

Among the insiders who sold shares, HANSEN JOHN B disposed of 4,000 shares on Apr 25 ’24 at a per-share price of $57.29. This resulted in the Director holding 104,214 shares of MLI after the transaction. In another insider transaction, Martin Jeffrey Andrew sold 47,280 shares at $49.25 per share on Feb 08 ’24. Company shares held by the EVP, CFO & Treasurer now total 370,840.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Mueller Industries, Inc. pays an annual dividend of $0.95, resulting in a dividend yield of 1.62%, and it has a price to earnings (P/E) ratio of 11.77. MLI’s most recent ex-dividend date was 3/14/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The MLI stock dividend was $0.15 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MLI has a high of $59.59 and a low of $34.96.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MLI’s latest balance sheet shows that the firm has $87.92M in Cash & Short Term Investments as of fiscal 2021. There were $24.99M in debt and $382.44M in liabilities at the time. Its Book Value Per Share was $21.34, while its Total Shareholder’s Equity was $1.26B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MLI is Buy with a score of 3.00.

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