In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Mueller Industries (MLI). The company’s shares closed yesterday at $26.94.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 6.6% and a 61.7% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Mueller Water Products, and AO Smith Corp.
Mueller Industries has an analyst consensus of Hold.
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Based on Mueller Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $20.29 million. In comparison, last year the company had a net profit of $5.72 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MLI in relation to earlier this year.
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Mueller Industries, Inc. engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate.
