Mueller IndustriesMLI
MLI
About: Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive.
Employees: 4,509
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
176% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 29
26% more capital invested
Capital invested by funds: $6.13B [Q2] → $7.74B (+$1.61B) [Q3]
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
11% more funds holding
Funds holding: 427 [Q2] → 474 (+47) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 174
2.6% less ownership
Funds ownership: 94.77% [Q2] → 92.17% (-2.6%) [Q3]
71% less call options, than puts
Call options by funds: $6.48M | Put options by funds: $22.5M
Research analyst outlook
We haven’t received any recent analyst ratings for MLI.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
North America Plumbing Parts Market Research Report 2024-2029, with Key Vendor Analysis of Central States Industrial, McWane, Morris Group, Mueller Industries Reliance Worldwide and Uponor
Rise in Remodelling & Renovating Activities and Government Investments in Infrastructure Drives Market Growth Rise in Remodelling & Renovating Activities and Government Investments in Infrastructure Drives Market Growth
Neutral
PRNewsWire
2 months ago
Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE: TPL) will replace Marathon Oil Corp. (NYSE: MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE: MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE: AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE: COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions.
Neutral
Benzinga
2 months ago
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Neutral
Business Wire
2 months ago
Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular cash dividend on its common stock of 20 cents per share. The dividend will be paid on December 20, 2024 to shareholders of record on December 6, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservatio.
Neutral
Business Wire
3 months ago
Mueller Industries, Inc. Reports Third Quarter 2024 Earnings
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2024. Comparisons are to the third quarter of 2023. Net Sales of $997.8 million versus $819.8 million Operating Income of $206.7 million versus $181.0 million Earnings Before Taxes of $217.8 million versus $189.0 million Net Income of $168.7 million versus $132.7 million Diluted EPS of $1.48 versus $1.171 Third Quarter Financial and Operating Highlights: COMEX copper averaged $4.
Positive
Seeking Alpha
3 months ago
Mueller Industries: A Wonderful Company At A Fair Price
Mueller Industries has delivered over 487% TSR in five years, significantly outperforming the SPY, and remains attractively valued with strong profitability and returns. Revenues grew from $2.43B in 2019 to $3.4B TTM, with NOPAT compounding at 32% annually, boosting ROIC from 8.9% to 25%. Management has created $1.77B in shareholder value since 2019, but recent declines in NOPAT margins and FCF warrant close monitoring.
Positive
The Motley Fool
4 months ago
2 Spectacular Stocks to Buy in September
One has delivered spectacular returns. One has spectacular potential.
Neutral
Seeking Alpha
5 months ago
Mueller Industries: Benefits From Copper Pricing, M&A, And Quite Cheap
Mueller Industries is a manufacturer of copper, brass, and aluminum products. MLI offers a diverse range of products and geographic diversification, contributing to less volatile FCF growth. Considering the ongoing stock repurchase program, acquisitions made in cash, and previous transactions in the industry, MLI does seem quite cheap.
Neutral
Business Wire
5 months ago
25 Snack Food Suppliers Queue Up for ReposiTrak's Rapidly Expanding Food Traceability Network
SALT LAKE CITY--(BUSINESS WIRE)--As regulatory deadlines approach, 25 snack food suppliers align with ReposiTrak for its state-of-the-art, hardware-free traceability solutions.
Neutral
Business Wire
5 months ago
Mueller Industries, Inc. Announces Acquisition of Elkhart Products Corporation
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has acquired Elkhart Products Corporation (EPC). EPC is a U.S. manufacturer of copper solder fittings, with two manufacturing locations in Elkhart, Indiana, and Fayetteville, Arkansas. Regarding the acquisition, Greg Christopher, Mueller's CEO said, “We expect the addition of EPC to significantly accelerate the recovery of our Covington, Tennessee -based copper fittings business, which was substan.
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