How to Buy Mueller Industries Stock
Mueller Industries Inc
Mueller Industries is a metal fabrication company located in Tennessee, United States, which is part of the Industrials sector, and is traded under the ticker MLI on the NYSE exchange.
Mueller Industries stock last closed at $57.33, down 1.85% from the previous day, and has increased 63.12% in one year. It has overperformed other stocks in the Metal Fabrication industry by 0.3 percentage points. Mueller Industries stock is currently +63.99% from its 52-week low of $34.96, and -3.79% from its 52-week high of $59.59.
At the moment, there are 113.6M shares of MLI outstanding. The market value of MLI is $6.51B. In the last 24 hours, 684,601 MLI shares were traded.
How to Buy Mueller Industries Stock
Wondering how to invest in Mueller Industries stock? Here's how.
- Choose where to buy Mueller Industries stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Mueller Industries stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Research Mueller Industries stock: The Mueller Industries ticker symbol is MLI. Is Mueller Industries stock a good investment? Should you buy shares of MLI? How do MLI's underlying business fundamentals look? Do top analysts think Mueller Industries is a good buy? Why has MLI's stock price moved recently? (Hint: Our stock market research tools can help you decide if MLI is a good stock to buy).
- Execute your MLI trade: Decide if you will purchase MLI shares at the current market price or use a limit order to purchase MLI stock at a specific price.
- Keep tabs on your investment in MLI: Create a watchlist to important updates regarding your position in Mueller Industries shares.
Step 1: Choose where to buy Mueller Industries stock
You will need a brokerage account to access the NYSE market and buy MLI stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world markets: From Technology to Real Estate, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to invest in MLI today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on the best free stock trading app, you can securely and quickly fund your account:
Watch the video below if you need help depositing money into your investment account.
Step 4: Research Mueller Industries stock
Once you have figured out the best place to buy Mueller Industries stock, it's crucial to research their stock before you buy, so you truly wrap your head around the risk and opportunity.
Mueller Industries stock quick numbers
Fundamentals of Mueller Industries
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on MLI's stock page.
Is MLI stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge MLI's intrinsic value.
Using relative valuations metrics:
- MLI may be undervalued based on its P/E ratio of 11.25x, relative to Metal Fabrication industry P/E ratio of 19.04x
- MLI may be undervalued based on its P/B ratio of 2.69x, relative to Metal Fabrication industry P/B ratio of 2.96x
- MLI could be undervalued based on its PEG ratio of 0.36x
You can access additional valuation research on MLI's stock here.
MLI Financial Health Summary
Signs that MLI is financially healthy:
- MLI has a low debt to equity ratio of 0.18.
- MLI profit margin has gone up from 17.1% to 17.2% in the past year.
- There are more short-term assets than short-term liabilities on the MLI balance sheet.
- MLI's operating cash flow of $734.77M allows it to safely service it's debt of $34.36M.
- Total MLI debt is lower than 5 years ago, relative to shareholder equity.
- MLI earnings of $780.45M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the MLI balance sheet.
Metrics for Advanced MLI Traders
MLI Performance Numbers
Last year, MLI earnings were $568.02M. In the last 5 year, MLI's earnings have grown by 43.07% per year. This was faster than the Metal Fabrication industry average of 27.69%.
Last year, MLI revenue was $3.30B. During the last five year, MLI's revenue has gone up by 5.88% per year. This was faster than the Metal Fabrication industry average of 3.72%.
Learn more about MLI's earnings and revenue performance here.
Latest Insiders Trades at MLI
In the past year, executives and large shareholders at MLI have sold more shares than they have bought.
John B. Hansen, Director of MLI, was the latest MLI insider to sell. They sold $229,176.00 worth of MLI shares on Apr 25, 2024.
Dig into more about who owns MLI shares here.
Can I rely on MLI as an income stream?
Mueller Industries pays a dividend of 1.13%, compared to the Metal Fabrication industry's average dividend yield of 3.45%. If you owned $1,000 worth of MLI stock, you would have been paid $11.34 in the past 12 months.
Mueller Industries dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Mueller Industries dividend yield and history here.
What do other investors have to say about MLI?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your MLI trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and your broker will place your order.
If you need additional help with buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in MLI
Now that you own some MLI shares, you'll want to keep up with your investment.
Create a watchlist to see the latest developments about your MLI stock.
MLI Feed
How to Buy Stock in Mueller Industries
To summarize, here are the 6 steps to buy Mueller Industries stock:
- Choose where to buy Mueller Industries stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Mueller Industries stock
- Execute your MLI trade
- Keep tabs on your investment in MLI
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Mueller Industries, create your watchlist below.
Trending Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.