Mueller Industries (NYSE:MLI – Get Free Report) posted its earnings results on Tuesday. The industrial products company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.29 by $0.12, Zacks reports. Mueller Industries had a return on equity of 22.86% and a net margin of 16.19%. The business had revenue of $997.75 million during the quarter.
Mueller Industries Trading Up 1.6 %
Shares of MLI traded up $1.09 during midday trading on Friday, reaching $69.29. The stock had a trading volume of 160,491 shares, compared to its average volume of 677,187. The company’s 50-day moving average is $58.22 and its 200 day moving average is $54.01. Mueller Industries has a 12-month low of $34.96 and a 12-month high of $70.39. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.66 and a beta of 1.06.
Mueller Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, June 7th. Mueller Industries’s 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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