Mueller Industries (NYSE:MLI – Get Free Report) released its earnings results on Tuesday. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.12, Zacks reports. Mueller Industries had a return on equity of 23.40% and a net margin of 16.19%. The firm had revenue of $997.75 million for the quarter.
Mueller Industries Trading Up 3.9 %
Shares of Mueller Industries stock traded up $2.57 on Thursday, reaching $68.20. 935,973 shares of the company were exchanged, compared to its average volume of 680,826. Mueller Industries has a fifty-two week low of $34.96 and a fifty-two week high of $68.94. The stock has a fifty day moving average price of $58.02 and a 200-day moving average price of $53.91. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 13.23 and a beta of 1.06.
Mueller Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.20 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. Mueller Industries’s dividend payout ratio is currently 16.03%.
Insider Transactions at Mueller Industries
About Mueller Industries
Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.
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