MLI Mueller Industries (NYSE:MLI) Downgraded by Zacks Investment Research

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MLI
Mueller Industries (NYSE:MLI) has it’s rating Downgraded by analysts at Zacks Investment Research from Buy to Hold in a note issued to investors on Thursday.

MLI
Mueller Industries traded down $-0.44 at mid-way of the trading on Thursday, hitting $27.02 daily high and touching the bottom line at 26.35. The company had a trading volume of 44918 shares, compared to its average volume of 253549. The company has a BETA of 1.16. MLI
Mueller Industries has a 12-month low of $16.78 and a 12-month high of $34.11. The company’s fifty day moving average is 24 and its 200-day moving average is 28 while 100-day moving average is 27. Price change for 5-day moving average stands at $1.38 or $0.05, while 50-day moving average price change is $3.59 $0.15.

MLI
Mueller Industries Earnings and What to expect: 

Mueller Industries last issued its earnings data on April 21st, 2020. The industrial products company reported $0.32 earnings per share for the quarter. The firm had revenue of $602.92 million for the quarter. Mueller Industries has generated $2.19 earnings per share over the last year and currently has a price-to-earnings ratio of 13.0. Mueller Industries has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, July 28th, 2020 based off prior year’s report dates.

Earnings for Mueller Industries are expected to grow by 4.17% in the coming year, from $1.92 to $2.00 per share. The P/E ratio of Mueller Industries is 12.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.73. The P/E ratio of Mueller Industries is 12.98, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.60. Mueller Industries has a P/B Ratio of 2.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Institutional Ownership update: 

  • 5/28/2020: State of Tennessee Treasury Department holds 38839 which equates to total market value of $0.93M. Which takes State of Tennessee Treasury Department’s ownership the company at 0.07%.
  • 5/26/2020: Morgan Stanley holds 273087 which equates to total market value of $6.54M. Which takes Morgan Stanley’s ownership the company at 0.48%.
  • 5/18/2020: Advisor Group Holdings Inc. holds 2805 which equates to total market value of $67K. Which takes Advisor Group Holdings Inc.’s ownership the company at 0.00005.

What other brokers have rated Mueller Industries (NYSE:MLI)  in recent past: 

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Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.90%
  • On 5/26/2020 Insider Steffen Sigloch Sell 8447 at average share price of $26.49 which equates to $223,761.03 in money value.
  • On 4/23/2020 Director John B Hansen Sell 1000 at average price of  $24.76 with total value of : $24,760.00
  • On 43,628 CEO Gregory L Christopher Sell 22798 at average price of  $32.01 with total value of : $729,763.98

Mueller Industries (NYSE:MLI) Moving Average Technical Analysis

5 day Moving Average is $26.55 And 5 day price change is $1.38 ($0.05)  with average volume for 5 day average is 26988000.00%. While technical analysis for average 20 days shows significant difference, 20 day moving average is  25 and 20 day price change is $0.11 ($0.00) and average 20 day moving volume is 25318000.00%

Compare this to pre-covid-19 (Coronavirus) pandemic , 50 day moving average is 24  and 50 day price change is $3.59 ( $0.15)  and with average volume for 50 days is : 29172000.00%. 200 day moving average is 28  and 200 day price change is $0.33 ($0.01)  and with average volume for 200 days is : 23410900.00%.