Mueller Industries Initiated with a Hold at Boenning & Scattergood

By Carrie Williams

In a report released today, Ryan Connors from Boenning & Scattergood initiated coverage with a Hold rating on Mueller Industries (NYSE: MLI). The company’s shares closed yesterday at $29.96.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 10.7% and a 76.9% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Franklin Electric Co.

Mueller Industries has an analyst consensus of Hold.

See today’s analyst top recommended stocks >>

The company has a one-year high of $37.57 and a one-year low of $25.26. Currently, Mueller Industries has an average volume of 258.1K.

Based on the recent corporate insider activity of 32 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.