Mueller Industries (MLI) Getting Somewhat Positive Press Coverage, Study Shows

News coverage about Mueller Industries (NYSE:MLI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mueller Industries earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.060004493448 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

Shares of Mueller Industries (NYSE:MLI) opened at 28.69 on Friday. The firm has a 50-day moving average of $30.39 and a 200-day moving average of $33.14. Mueller Industries has a 52 week low of $27.72 and a 52 week high of $43.96. The firm has a market cap of $1.65 billion, a PE ratio of 16.38 and a beta of 1.37.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 5th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 31st. Mueller Industries’s dividend payout ratio (DPR) is currently 22.86%.

Separately, BidaskClub cut shares of Mueller Industries from a “hold” rating to a “sell” rating in a research note on Friday.

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In related news, Director John B. Hansen sold 2,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $31.05, for a total value of $62,100.00. Following the transaction, the director now directly owns 45,607 shares of the company’s stock, valued at approximately $1,416,097.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.79% of the stock is currently owned by insiders.

About Mueller Industries

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.

Insider Buying and Selling by Quarter for Mueller Industries (NYSE:MLI)

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