Mueller Industries, Inc. Stock News

One has delivered spectacular returns. One has spectacular potential.

Mueller Industries is a manufacturer of copper, brass, and aluminum products. MLI offers a diverse range of products and geographic diversification, contributing to less volatile FCF growth. Considering the ongoing stock repurchase program, acquisitions made in cash, and previous transactions in the industry, MLI does seem quite cheap.

Small-cap stocks are out of favor with investors right now and have been for some time. The Russell 2000 index comprised of the 2,000 smallest U.S. stocks, generally those with a market capitalization of under $10 billion, is up only 1% this year.

Bloomberg's “Odd Lots” podcast recently discussed with energy investor John Arnold why it's so difficult to build products in America. The discussion got me thinking about American manufacturing stocks.

Mueller Industries' margins have remained strong despite declining copper prices, indicating a fundamental change in their business model. The company has announced a significant acquisition, signaling a shift in their strategy towards horizontal acquisitions. The acquisition of Nehring Electrical Works Company could potentially boost Mueller Industries' EBITDA and EPS.

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has completed its acquisition of Nehring Electrical Works Company and certain of its affiliated companies (collectively, “Nehring”). Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribu...

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 20 cents per share. The dividend will be payable June 21, 2024 to shareholders of record on June 7, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goo...

There are thousands of stocks for investors to choose from, many of which are undervalued stocks despite consistently outperforming the market. Typically, the same companies get attention from analysts, investors and the business press.