Mueller Industries (NYSE:MLI) Upgraded at Wall Street Zen

04 Nov 2026, 01:24 by Doug Wharley · The Cerbat Gem

Wall Street Zen upgraded shares of Mueller Industries (NYSE:MLI – Free Report) from a hold rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Northcoast Research raised shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, July 16th. Freedom Broker reduced their target price on shares of Mueller Industries from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Industries in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $75.50.

View Our Latest Analysis on MLI

Mueller Industries Stock Performance

MLI opened at $55.60 on Friday. Mueller Industries has a 1 year low of $52.00 and a 1 year high of $71.12. The firm has a 50 day moving average price of $60.05 and a 200 day moving average price of $62.17. The company has a market cap of $12.12 billion, a PE ratio of 14.26 and a beta of 1.01.

Mueller Industries (NYSE:MLI – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.08). Mueller Industries had a net margin of 17.26% and a return on equity of 25.23%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $1.88 earnings per share. The company’s quarterly revenue was up 31.6% on a year-over-year basis.

Mueller Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.1750 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.70 annualized dividend and a yield of 1.3%. Mueller Industries’s payout ratio is 17.95%.

Insider Buying and Selling

In other Mueller Industries news, Director John B. Hansen sold 2,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $55.40, for a total value of $110,800.00. Following the completion of the sale, the director owned 179,078 shares of the company’s stock, valued at $9,920,921.20. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Goldman sold 2,000 shares of Mueller Industries stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $64.08, for a total transaction of $128,160.00. Following the sale, the director owned 79,734 shares in the company, valued at $5,109,354.72. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 274,000 shares of company stock valued at $18,762,560. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MLI. Engineers Gate Manager LP raised its position in shares of Mueller Industries by 169.1% during the 2nd quarter. Engineers Gate Manager LP now owns 35,950 shares of the industrial products company’s stock worth $4,419,000 after purchasing an additional 22,590 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Mueller Industries in the 2nd quarter worth approximately $3,658,000. Tidal Investments LLC lifted its holdings in shares of Mueller Industries by 106.6% in the 2nd quarter. Tidal Investments LLC now owns 436,778 shares of the industrial products company’s stock worth $53,693,000 after purchasing an additional 225,366 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in Mueller Industries by 60.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 90,342 shares of the industrial products company’s stock valued at $11,106,000 after purchasing an additional 33,981 shares during the period. Finally, Argent Capital Management LLC boosted its position in Mueller Industries by 86.7% during the 3rd quarter. Argent Capital Management LLC now owns 42,853 shares of the industrial products company’s stock valued at $2,597,000 after purchasing an additional 19,904 shares during the period. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

About Mueller Industries

(Get Free Report)

Mueller Industries, Inc is a manufacturer of metal and plastic products used in plumbing, heating, ventilation, air conditioning, refrigeration, fire protection, water distribution, and industrial applications. Its product portfolio includes copper, brass, aluminum, and steel tubing; fittings; valves; copper and plastic piping systems; and related components.