Mueller Industries (NYSE:MLI) Stock, Quote.Headers.trade-ideas

Mueller Industries

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive.

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Jim Cramer discusses Mueller Industries, GoDaddy, Borgwarner, Lockheed Martin, Dell, Qualys and Golub Capital.

Jim Cramer: &#39;Avoid Middle Market Plays&#39; Like Golub Capital, Buy Mueller Industries — &#39;It Is Fantastic&#39;

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Mueller Industries announces its strategic move to acquire Nehring Electrical Works Company, a key player in wire and cable solutions. With Nehring&#39;s $400 million annual net sales, this $575 million deal signals Mueller&#39;s strong commitment to expanding its footprint in critical infrastructure sectors, as CEO Greg Christopher emphasizes. 

Wired for Success: Mueller Industries Acquires Illinois-Based Nehring Electrical Works

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Although U.S. stocks closed higher on Monday, there were a few notable insider trades.

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Mueller Industries Inc

MOLINOS AGRO SA CL B 1 V by MOLINOS AGRO S A

Mueller Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) short percent of float has fallen 4.17% since its last report. The company recently reported that it has 4.75 million shares sold short, which is 5.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mueller Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725986710_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mueller Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Mueller Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mueller Industries's peer group average for short interest as a percentage of float is 1.61%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Mueller Industries?

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>). &#8220;It is a fantastic company, never <a href="https://www.benzinga.com/markets/equities/24/04/38359360/wired-for-success-mueller-industries-acquires-illinois-based-nehring-electrical-works">gets it's due,&#8221; he added.</a>
Cramer said he likes GoDaddy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>).
When asked about BorgWarner Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>), he said, &#8220;Look, auto business is bad, ok. They need a Fed rate cut and then it will go up, but not until then, I am sorry.&#8221;
The &#8220;Mad Money&#8221; host recommended buying Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>). &#8220;I think you got a winner there,&#8221; he added.
Cramer said Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) is a buy. &#8220;Down here, it is too low,&#8221; he added.
Something is &#8220;wrong here&#8221; with Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>), he said.
&#8220;I don't really know what they own. It's one of those middle market plays that I get asked a lot about,&#8221; Cramer said about Golub Capital BDC, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>). &#8220;I've told people to avoid them for as long as this show's been on, and I've been very right, so I'm not going to deviate.&#8221;
Jim Cramer said he is a buyer of H&amp;E Equipment Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEES#NASDAQ">HEES</a>).
Price Action:
<ul>
<li>Mueller Industries shares gained 1.1% to settle at $67.72 on Tuesday.</li>
<li>GoDaddy shares rose 1% to close at $159.99.</li>
<li>Borgwarner shares gained 2.2% to settle at $31.87 on Tuesday.</li>
<li>Lockheed Martin shares rose 0.5% to close at $559.42.</li>
<li>Dell shares gained 4.9% to close at $99.94 on Tuesday.</li>
<li>Qualys shares gained 2.3% to settle at $125.00 on Tuesday.</li>
<li>H&amp;E Equipment shares rose 1.3% to close at $44.85 on Tuesday.</li>
<li>Golub Capital shares gained 0.6% to close at $14.45.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40357992/brinker-international-cisco-and-3-stocks-to-watch-heading-into-wednesday">Brinker International, Cisco And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

Jim Cramer: 'Avoid Middle Market Plays' Like Golub Capital, Buy Mueller Industries — 'It Is Fantastic'

Mueller Industries Acquires Copper Solder Fittings Manufacturer Elkhart Products Corporation; No Terms Disclosed

Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) has outperformed the market over the past 20 years by 1.19% on an annualized basis producing an average annual return of 9.6%. Currently, Mueller Industries has a market capitalization of $6.74 billion. 
Buying $100 In MLI: If an investor had bought $100 of MLI stock 20 years ago, it would be worth $635.33 today based on a price of $59.30 for MLI at the time of writing.
<h3>Mueller Industries's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720814511_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $600 Today

Revealing a significant insider sell on April 29, Andrew Jeffrey Martin, EVP at Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>), as per the latest SEC filing.
What Happened: Martin's recent move involves selling 52,436 shares of Mueller Industries. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000089439/000008943924000027//Archives/edgar/data/89439/000008943924000027/0000089439-24-000027-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $3,002,050.
The latest market snapshot at Tuesday morning reveals Mueller Industries shares down by 0.0%, trading at $58.07.
<h3>Unveiling the Story Behind Mueller Industries</h3>
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive.
<h3>Mueller Industries: Financial Performance Dissected</h3>
Decline in Revenue: Over the 3 months period, Mueller Industries faced challenges, resulting in a decline of approximately -12.51% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 28.36%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Mueller Industries exhibits below-average bottom-line performance with a current EPS of 1.24.
</li>
</ul>
Debt Management: Mueller Industries's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 11.68, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 2.01, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 6.21 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>The Insider's Guide to Important Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000089439">Check Out The Full List Of Mueller Industries's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Mueller Industries Recent Insider Activity

WIIM

Mueller Industries shares are trading higher following mixed Q1 results.

Guidance

Mueller Industries Says Long-Term Outlook For Its Business Remains Positive

Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $0.94 by 28.72 percent. This is a 21.43 percent decrease over earnings of $1.54 per share from the same period last year. The company reported quarterly sales of $849.650 million which missed the analyst consensus estimate of $874.000 million by 2.79 percent. This is a 12.51 percent decrease over sales of $971.192 million the same period last year.

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Mueller Industries Q1 2024 GAAP EPS $1.21 Beats $0.94 Estimate, Sales $849.650M Miss $874.000M Estimate

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Lawmakers Push For Probe On Unfair Trade In Aluminum Extrusions

Mueller Industries Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) has entered into a definitive agreement to acquire&nbsp;Nehring Electrical Works Company&nbsp;and certain affiliated companies for approximately&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38353397/mueller-industries-inc-agrees-to-acquire-nehring-electrical-works-company" rel="noreferrer noopener">$575 million plus an additional $25 million earn out</a>.&nbsp;
Nehring produces wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets.
For the twelve months ended December 31, 2023, Nehring posted an annual net sales of about $400 million.
&#8220;This acquisition provides a substantial platform for long-term growth in the electrical and power infrastructure space and complements the other critical infrastructure sectors we support,&#8221; said Mueller&#8217;s CEO Greg Christopher.
The acquisition is expected to be accretive to Mueller&#8217;s 2024 financial results. The acquisition, which will be funded with cash on hand, is expected to close during the second quarter of 2024.
Mueller held $1.2 billion in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b36951517/mueller-industries-inc-reports-fiscal-2023-fourth-quarter-and-full-year-results" rel="noreferrer noopener">cash and equivalents as of December 30, 2023</a>.
Mueller expects to retain significant cash reserves after the transaction to support additional growth opportunities.
Price Action: MLI shares are trading higher by 0.79% at $52.69 on the last check Monday.
Image sourced from Shutterstock

Mueller Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) today announced that it has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain of its affiliated companies (collectively, &quot;Nehring&quot;) for approximately&nbsp;$575 million, subject to customary purchase price adjustments, plus an additional&nbsp;$25 million&nbsp;earn out. Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets. Operating through its three business units (Nehring Electrical Works Company, Conex Cable, L.L.C., and Unified Wire &amp; Cable, Inc.), Nehring is a recognized and trusted supplier to numerous utilities, REAs, municipalities, telecommunications and electrical distribution companies throughout the U.S. For the twelve months ended December 31, 2023, Nehring&#39;s annual net sales were approximately&nbsp;$400 million.

Mueller Industries To Acquire Nehring Electrical Works Company For $575M Plus $25M Earn Out

Mueller Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) short percent of float has risen 8.87% since its last report. The company recently reported that it has 6.70 million shares sold short, which is 8.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mueller Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712764822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mueller Industries has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Mueller Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mueller Industries's peer group average for short interest as a percentage of float is 3.09%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Mueller Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) short percent of float has fallen 12.41% since its last report. The company recently reported that it has 5.82 million shares sold short, which is 7.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Mueller Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709658013_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Mueller Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Mueller Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Mueller Industries's peer group average for short interest as a percentage of float is 2.81%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(MLI) - Analyzing Mueller Industries's Short Interest

Dividends

Mueller Industries Increases Quarterly Dividend From $0.15 To $0.20

<h3>What are Value Stocks?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the industrials sector:</h2>
<ol>
<li>Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) - P/E: 9.17</li>
<li>United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) - P/E: 5.51</li>
<li>Euroseas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESEA#NASDAQ">ESEA</a>) - P/E: 2.16</li>
<li>Performance Shipping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSHG#NASDAQ">PSHG</a>) - P/E: 0.51</li>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) - P/E: 3.92</li>
</ol>
Mueller Industries has reported Q4 earnings per share at $1.05, which has increased by 77.97% compared to Q3, which was 0.59. Its most recent dividend yield is at 1.53%, which has increased by 0.04% from 1.49% in the previous quarter.
United Airlines Holdings saw a decrease in earnings per share from 3.65 in Q3 to $2.0 now. Most recently, Euroseas reported earnings per share at $3.61, whereas in Q3 earnings per share sat at $4.07. Its most recent dividend yield is at 8.06%, which has decreased by 1.12% from 9.18% in the previous quarter.
Performance Shipping's earnings per share for Q3 sits at $0.27, whereas in Q2, they were at 0.46. Intuitive Machines's earnings per share for Q3 sits at $1.29, whereas in Q2, they were at 1.52. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

ESEA

LUNR

PSHG

5 Value Stocks In The Industrials Sector

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the industrials sector:</h2>
<ol>
<li>Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) - P/E: 9.07</li>
<li>Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) - P/E: 6.74</li>
<li>Cresud SACIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRESY#NASDAQ">CRESY</a>) - P/E: 6.83</li>
<li>Universal Logistics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) - P/E: 7.47</li>
<li>Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) - P/E: 9.08</li>
</ol>
This quarter, Mueller Industries experienced a decrease in earnings per share, which was $1.56 in Q2 and is now $0.59. The company's most recent dividend yield sits at 1.53%, which has increased by 0.04% from 1.49% last quarter. 
Most recently, Capital Product Partners reported earnings per share at $0.84, whereas in Q2 earnings per share sat at $0.75. Its most recent dividend yield is at 4.32%, which has increased by 0.39% from 3.93% in the previous quarter.
Most recently, Cresud SACIF reported earnings per share at $1.4, whereas in Q3 earnings per share sat at $0.57. Most recently, the company reported a dividend yield of 2.07%, which has decreased by 0.69% from last quarter's yield of 2.76%.
This quarter, Universal Logistics Hldgs experienced a decrease in earnings per share, which was $0.9 in Q2 and is now $0.88. Its most recent dividend yield is at 1.84%, which has increased by 0.52% from 1.32% in the previous quarter.
This quarter, Atkore experienced a decrease in earnings per share, which was $5.72 in Q3 and is now $4.21. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ATKR

CPLP

CRESY

Although U.S. stocks closed higher on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>FB Financial </h3>
<ul>
<li>The Trade: FB Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbk#NYSE">FBK</a>) 10% owner James Ayers <a href="https://www.benzinga.com/quote/FBK/analyst-ratings"> acquired a total of 2,000 shares </a> an average price of $35.50. To acquire these shares, it cost around $71,000.</li>
<li>What&rsquo;s Happening: Hovde Group analyst Brett Rabatin recently downgraded FB Financial from Outperform to Market Perform and announced a $40 price target.</li>
<li>What FB Financial Does: FB Financial Corp is a bank holding company. The company through its wholly-owned bank subsidiary provides commercial and consumer banking services to clients in select markets in Tennessee, North Alabama, and North Georgia.</li>
</ul>
<h3>Mueller Industries </h3>
<ul>
<li>The Trade: Mueller Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mli#NYSE">MLI</a>) Director Charles Herzog Jr acquired a total of 150 shares at an average price of $28.68. To acquire these shares, it cost around $4,303.</li>
<li>What&rsquo;s Happening: Northcoast Research analyst Ryan Connors recently downgraded Mueller Industries from Buy to Neutral.</li>
<li>What Mueller Industries Does: Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>BancFirst </h3>
<ul>
<li>The Trade: BancFirst Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/banf#NASDAQ">BANF</a>) Executive Vice President Darryl Schmidt <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 249 shares </a> at an average price of $92.60. To acquire these shares, it cost around $23,058.</li>
<li>What&rsquo;s Happening: BancFirst recently posted upbeat quarterly earnings.</li>
<li>What BancFirst Does: BancFirst Corp is engaged in providing banking services.</li>
</ul>
<h3>William Penn Bancorporation </h3>
<ul>
<li>The Trade: William Penn Bancorporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wmpn#NASDAQ">WMPN</a>) Director Matthew Christopher Molden <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 156 shares </a> at an average price of $12.35. The insider spent around $1,927 to buy those shares.</li>
<li>What&rsquo;s Happening: Piper Sandler analyst Justin Crowley recently maintained William Penn with an Overweight and raised the price target from $13 to $14.</li>
<li>What William Penn Bancorporation Does: William Penn Bancorporation operates as an independent community financial services provider.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/01/36731525/fear-greed-index-remains-in-greed-zone-dow-settles-above-38-000"> Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone; Dow Settles Above 38,000 </a>

Northcoast Research analyst Ryan Connors downgrades Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Northcoast Research Downgrades Mueller Industries to Neutral

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the industrials sector:</h2>
<ol>
<li>PROG Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>) - P/E: 9.53</li>
<li>Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) - P/E: 5.29</li>
<li>Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) - P/E: 8.49</li>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) - P/E: 7.55</li>
<li>Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) - P/E: 6.25</li>
</ol>
PROG Holdings saw a decrease in earnings per share from 0.92 in Q2 to $0.9 now. Most recently, Capital Product Partners reported earnings per share at $0.84, whereas in Q2 earnings per share sat at $0.75. Its most recent dividend yield is at 4.32%, which has increased by 0.39% from 3.93% in the previous quarter.
Most recently, Mueller Industries reported earnings per share at $0.59, whereas in Q2 earnings per share sat at $1.56. The company's most recent dividend yield sits at 1.53%, which has increased by 0.04% from 1.49% last quarter. 
MDU Resources Gr looks to be undervalued. It possesses an EPS of $0.29, which has not changed since last quarter (Q2). The company's most recent dividend yield sits at 2.67%, which has increased by 0.42% from 2.25% last quarter. 
Target Hospitality's earnings per share for Q3 sits at $0.43, whereas in Q2, they were at 0.44. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

<h3>What are Value Stocks?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the industrials sector:</h2>
<ol>
<li>Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>) - P/E: 8.74</li>
<li>Preformed Line Products (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLPC#NASDAQ">PLPC</a>) - P/E: 9.17</li>
<li>Pangaea Logistics Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANL#NASDAQ">PANL</a>) - P/E: 9.09</li>
<li>Allegiant Travel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) - P/E: 8.93</li>
<li>American Airlines Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) - P/E: 5.9</li>
</ol>
Mueller Industries has reported Q3 earnings per share at $0.59, which has decreased by 62.18% compared to Q2, which was 1.56. Its most recent dividend yield is at 1.53%, which has increased by 0.04% from 1.49% in the previous quarter.
Most recently, Preformed Line Products reported earnings per share at $3.03, whereas in Q2 earnings per share sat at $4.08. Most recently, the company reported a dividend yield of 0.61%, which has increased by 0.11% from last quarter's yield of 0.5%.
Pangaea Logistics Solns saw an increase in earnings per share from 0.1 in Q2 to $0.32 now. Its most recent dividend yield is at 6.62%, which has increased by 0.91% from 5.71% in the previous quarter.
Allegiant Travel's earnings per share for Q3 sits at $0.09, whereas in Q2, they were at 4.35. The company's most recent dividend yield sits at 3.91%, which has increased by 1.94% from 1.97% last quarter. 
Most recently, American Airlines Group reported earnings per share at $0.38, whereas in Q2 earnings per share sat at $1.92. Most recently, the company reported a dividend yield of 1.46%, which has increased by 0.05% from last quarter's yield of 1.41%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

ALGT

PANL

PLPC

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Press Releases

Mueller Industries, Inc. Reports Fiscal 2023 Fourth Quarter and Full Year Results

"The Four Rs of Cybersecurity," a New Book by TextPower CEO and Board Director Scott Goldman, Helps Navigate Cybersecurity Priorities

Mueller Industries, Inc. Announces 33 Percent Increase in Quarterly Dividend

Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company

Mueller Industries, Inc. Reports First Quarter 2024 Earnings

Mueller Industries, Inc. Declares Cash Dividend for Second Quarter

Mueller Industries, Inc. Completes Acquisition of Nehring Electrical Works Company

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