Mueller Industries (MLI) Receiving Somewhat Positive Media Coverage, Study Shows
News stories about Mueller Industries (NYSE:MLI) have been trending somewhat positive on Friday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mueller Industries earned a daily sentiment score of 0.24 on AlphaOne’s scale. AlphaOne also assigned media headlines about the industrial products company an impact score of 23 out of 100, meaning that recent press coverage is very unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted AlphaOne Sentiment’s analysis:
- Mueller Industries Shares Down 22.9% Since SmarTrend’s Sell Call (MLI) (mysmartrend.com)
- ETFs with exposure to Mueller Industries, Inc. : June 15, 2017 (finance.yahoo.com)
- Mueller Industries, Inc. – Value Analysis (NYSE:MLI) : June 14, 2017 (finance.yahoo.com)
- Mueller Industries, Inc. breached its 50 day moving average in a Bullish Manner : MLI-US : June 13, 2017 (finance.yahoo.com)
- Analyzing Valmont Industries (VMI) and Mueller Industries (MLI) (americanbankingnews.com)
Mueller Industries (MLI) traded up 0.46% on Friday, reaching $30.60. The company’s stock had a trading volume of 615,630 shares. Mueller Industries has a one year low of $27.72 and a one year high of $43.96. The stock has a 50-day moving average of $29.90 and a 200-day moving average of $36.03. The stock has a market cap of $1.76 billion, a P/E ratio of 17.38 and a beta of 1.35.
Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.52 EPS for the quarter. The business had revenue of $577.92 million during the quarter. Mueller Industries had a return on equity of 12.31% and a net margin of 4.81%. On average, analysts predict that Mueller Industries will post $1.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, May 31st.
In other Mueller Industries news, CFO Jeffrey Andrew Martin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $33.41, for a total value of $100,230.00. Following the completion of the sale, the chief financial officer now owns 98,994 shares in the company, valued at $3,307,389.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.79% of the company’s stock.
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.
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