Mueller Industries Net Worth
Mueller Industries Net Worth Breakdown | MLI |
Mueller Industries Net Worth Analysis
Mueller Industries' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Mueller Industries' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Mueller Industries' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Mueller Industries' net worth analysis. One common approach is to calculate Mueller Industries' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Mueller Industries' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Mueller Industries' net worth. This approach calculates the present value of Mueller Industries' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Mueller Industries' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Mueller Industries' net worth. This involves comparing Mueller Industries' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Mueller Industries' net worth relative to its peers.
Enterprise Value |
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To determine if Mueller Industries is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Mueller Industries' net worth research are outlined below:
| Mueller Industries is unlikely to experience financial distress in the next 2 years | |
| Mueller Industries has a strong financial position based on the latest SEC filings | |
| Over 94.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Is Mueller Industries, Inc. the Best Aluminum Stock to Buy According to Billionaires |
Mueller Industries Quarterly Good Will |
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Mueller Industries uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Mueller Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Mueller Industries' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Mueller Industries Target Price Consensus
Mueller target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Mueller Industries' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| One | Strong Buy |
Most Mueller analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Mueller stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Mueller Industries, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMueller Industries Target Price Projection
Mueller Industries' current and average target prices are 79.59 and 105.00, respectively. The current price of Mueller Industries is the price at which Mueller Industries is currently trading. On the other hand, Mueller Industries' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Mueller Industries Market Quote on 21st of March 2025
Target Price
Analyst Consensus On Mueller Industries Target Price
Know Mueller Industries' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Mueller Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Mueller Industries backward and forwards among themselves. Mueller Industries' institutional investor refers to the entity that pools money to purchase Mueller Industries' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Fmr Inc | 2024-12-31 | 1.9 M | American Century Companies Inc | 2024-12-31 | 1.9 M | Fuller & Thaler Asset Management Inc | 2024-12-31 | 1.7 M | Gabelli Funds Llc | 2024-12-31 | 1.7 M | Northern Trust Corp | 2024-12-31 | 1.5 M | Norges Bank | 2024-12-31 | 1.5 M | Charles Schwab Investment Management Inc | 2024-12-31 | 1.4 M | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 1.3 M | Goldman Sachs Group Inc | 2024-12-31 | 1.3 M | Blackrock Inc | 2024-12-31 | 14.5 M | Vanguard Group Inc | 2024-12-31 | 11.7 M |
Follow Mueller Industries' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 9.23 B.Market Cap |
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Project Mueller Industries' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.21 | 0.22 | |
| Return On Capital Employed | 0.28 | 0.29 | |
| Return On Assets | 0.20 | 0.21 | |
| Return On Equity | 0.23 | 0.12 |
When accessing Mueller Industries' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Mueller Industries' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Mueller Industries' profitability and make more informed investment decisions.
Evaluate Mueller Industries' management efficiency
Mueller Industries has Return on Asset of 0.1579 % which means that on every $100 spent on assets, it made $0.1579 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2392 %, implying that it generated $0.2392 on every 100 dollars invested. Mueller Industries' management efficiency ratios could be used to measure how well Mueller Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of now, Mueller Industries' Return On Tangible Assets are increasing as compared to previous years. The Mueller Industries' current Return On Capital Employed is estimated to increase to 0.29, while Return On Equity is projected to decrease to 0.12. As of now, Mueller Industries' Other Assets are increasing as compared to previous years. The Mueller Industries' current Net Tangible Assets is estimated to increase to about 1.9 B, while Non Currrent Assets Other are projected to decrease to under 24 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 19.05 | 20.01 | |
| Tangible Book Value Per Share | 17.45 | 18.33 | |
| Enterprise Value Over EBITDA | 4.12 | 4.47 | |
| Price Book Value Ratio | 2.00 | 1.19 | |
| Enterprise Value Multiple | 4.12 | 4.47 | |
| Price Fair Value | 2.00 | 1.19 | |
| Enterprise Value | 124.2 M | 118 M |
The decision-making processes within Mueller Industries are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Enterprise Value Revenue 2.1115 | Revenue | Quarterly Revenue Growth 0.261 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Mueller Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Mueller Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Mueller Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Mueller Industries Corporate Filings
F4 | 12th of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 26th of February 2025 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
8K | 21st of February 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 5th of February 2025 Other Reports | ViewVerify |
Mueller Industries Earnings Estimation Breakdown
The calculation of Mueller Industries' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Mueller Industries is estimated to be 1.31 with the future projection ranging from a low of 1.31 to a high of 1.31. Please be aware that this consensus of annual earnings estimates for Mueller Industries is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.31 Lowest | Expected EPS | 1.31 Highest |
Mueller Industries Earnings Projection Consensus
Suppose the current estimates of Mueller Industries' value are higher than the current market price of the Mueller Industries stock. In this case, investors may conclude that Mueller Industries is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Mueller Industries' stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 1 | 78.04% | 1.21 | 1.31 | 5.31 |
Mueller Industries Earnings History
Earnings estimate consensus by Mueller Industries analysts from Wall Street is used by the market to judge Mueller Industries' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Mueller Industries' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Mueller Industries Quarterly Gross Profit |
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Mueller Industries Earnings per Share Projection vs Actual
Actual Earning per Share of Mueller Industries refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Mueller Industries predict the company's earnings will be in the future. The higher the earnings per share of Mueller Industries, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Mueller Industries Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Mueller Industries, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Mueller Industries should always be considered in relation to other companies to make a more educated investment decision.Mueller Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Mueller Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-02-04 | 2024-12-31 | 1.12 | 1.21 | 0.09 | 8 | ||
2024-10-22 | 2024-09-30 | 1.32 | 1.48 | 0.16 | 12 | ||
2024-07-23 | 2024-06-30 | 1.29 | 1.41 | 0.12 | 9 | ||
2024-04-23 | 2024-03-31 | 1.05 | 1.21 | 0.16 | 15 | ||
2024-02-06 | 2023-12-31 | 0.65 | 1.0 | 0.35 | 53 | ||
2023-10-24 | 2023-09-30 | 0.51 | 1.18 | 0.67 | 131 | ||
2023-07-25 | 2023-06-30 | 2.4 | 3.65 | 1.25 | 52 | ||
2023-04-25 | 2023-03-31 | 1.87 | 3.07 | 1.2 | 64 | ||
2023-02-07 | 2022-12-31 | 2.18 | 2.46 | 0.28 | 12 | ||
2022-10-18 | 2022-09-30 | 2.35 | 2.74 | 0.39 | 16 | ||
2022-07-19 | 2022-06-30 | 2.24 | 3.65 | 1.41 | 62 | ||
2021-10-19 | 2021-09-30 | 0.44 | 3.01 | 2.57 | 584 | ||
2021-07-20 | 2021-06-30 | 0.44 | 1.92 | 1.48 | 336 | ||
2021-02-02 | 2020-12-31 | 0.32 | 0.64 | 0.32 | 100 | ||
2020-10-20 | 2020-09-30 | 0.47 | 0.76 | 0.29 | 61 | ||
2020-07-21 | 2020-06-30 | 0.58 | 0.5 | -0.08 | 13 | ||
2020-04-21 | 2020-03-31 | 0.51 | 0.57 | 0.06 | 11 | ||
2020-02-04 | 2019-12-31 | 0.3 | 0.5 | 0.2 | 66 | ||
2019-10-22 | 2019-09-30 | 0.44 | 0.52 | 0.08 | 18 | ||
2019-07-23 | 2019-06-30 | 0.51 | 0.5 | -0.01 | 1 | ||
2019-04-23 | 2019-03-31 | 0.57 | 0.28 | -0.29 | 50 | ||
2019-02-05 | 2018-12-31 | 0.22 | 0.42 | 0.2 | 90 | ||
2018-10-23 | 2018-09-30 | 0.41 | 0.37 | -0.04 | 9 | ||
2018-07-24 | 2018-06-30 | 0.54 | 0.58 | 0.04 | 7 | ||
2018-04-24 | 2018-03-31 | 0.55 | 0.42 | -0.13 | 23 | ||
2018-02-06 | 2017-12-31 | 0.55 | 0.32 | -0.23 | 41 | ||
2016-10-25 | 2016-09-30 | 0.45 | 0.45 | 0.0 | 0 | ||
2016-07-26 | 2016-06-30 | 0.55 | 0.51 | -0.04 | 7 | ||
2016-04-27 | 2016-03-31 | 0.45 | 0.45 | 0.0 | 0 | ||
2016-02-02 | 2015-12-31 | 0.28 | 0.21 | -0.07 | 25 | ||
2015-10-20 | 2015-09-30 | 0.35 | 0.35 | 0.0 | 0 | ||
2015-07-21 | 2015-06-30 | 0.7 | 0.47 | -0.23 | 32 | ||
2015-04-21 | 2015-03-31 | 0.55 | 0.39 | -0.16 | 29 | ||
2015-02-03 | 2014-12-31 | 0.45 | 0.31 | -0.14 | 31 | ||
2014-10-21 | 2014-09-30 | 0.45 | 0.42 | -0.03 | 6 | ||
2014-07-22 | 2014-06-30 | 0.45 | 0.65 | 0.2 | 44 | ||
2014-04-22 | 2014-03-31 | 0.44 | 0.44 | 0.0 | 0 | ||
2014-02-05 | 2013-12-31 | 0.36 | 0.31 | -0.05 | 13 | ||
2013-10-22 | 2013-09-30 | 0.46 | 0.35 | -0.11 | 23 | ||
2013-07-23 | 2013-06-30 | 0.47 | 0.45 | -0.02 | 4 | ||
2013-04-23 | 2013-03-31 | 0.4 | 0.43 | 0.03 | 7 | ||
2013-02-05 | 2012-12-31 | 0.28 | 0.28 | 0.0 | 0 | ||
2012-10-23 | 2012-09-30 | 0.28 | 0.26 | -0.02 | 7 | ||
2012-07-24 | 2012-06-30 | 0.37 | 0.24 | -0.13 | 35 | ||
2012-04-24 | 2012-03-31 | 0.28 | 0.35 | 0.07 | 25 | ||
2012-02-07 | 2011-12-31 | 0.2 | 0.17 | -0.03 | 15 | ||
2011-10-25 | 2011-09-30 | 0.35 | 0.2 | -0.15 | 42 | ||
2011-07-26 | 2011-06-30 | 0.37 | 0.3 | -0.07 | 18 | ||
2011-04-26 | 2011-03-31 | 0.23 | 0.45 | 0.22 | 95 | ||
2011-02-01 | 2010-12-31 | 0.21 | 0.23 | 0.02 | 9 | ||
2010-10-19 | 2010-09-30 | 0.21 | 0.25 | 0.04 | 19 | ||
2010-07-20 | 2010-06-30 | 0.2 | 0.22 | 0.02 | 10 | ||
2010-04-20 | 2010-03-31 | 0.12 | 0.14 | 0.02 | 16 | ||
2010-02-02 | 2009-12-31 | 0.16 | 0.14 | -0.02 | 12 | ||
2009-10-20 | 2009-09-30 | 0.11 | 0.25 | 0.14 | 127 | ||
2009-07-21 | 2009-06-30 | 0.08 | 0.08 | 0.0 | 0 | ||
2009-04-21 | 2009-03-31 | 0.13 | -0.04 | -0.17 | 130 | ||
2009-02-05 | 2008-12-31 | 0.26 | 0.11 | -0.15 | 57 | ||
2008-10-21 | 2008-09-30 | 0.3 | 0.25 | -0.05 | 16 | ||
2008-07-22 | 2008-06-30 | 0.44 | 0.36 | -0.08 | 18 | ||
2008-04-22 | 2008-03-31 | 0.29 | 0.37 | 0.08 | 27 | ||
2008-02-05 | 2007-12-31 | 0.31 | 0.39 | 0.08 | 25 | ||
2007-10-23 | 2007-09-30 | 0.37 | 0.42 | 0.05 | 13 | ||
2007-04-24 | 2007-03-31 | 0.26 | 0.26 | 0.0 | 0 | ||
2007-02-06 | 2006-12-31 | 0.4 | 0.24 | -0.16 | 40 | ||
2006-10-24 | 2006-09-30 | 0.54 | 0.69 | 0.15 | 27 | ||
2006-07-25 | 2006-06-30 | 0.42 | 0.79 | 0.37 | 88 | ||
2006-04-25 | 2006-03-31 | 0.32 | 0.45 | 0.13 | 40 | ||
2006-02-14 | 2005-12-31 | 0.26 | 0.49 | 0.23 | 88 | ||
2005-10-20 | 2005-09-30 | 0.27 | 0.28 | 0.01 | 3 | ||
2005-07-21 | 2005-06-30 | 0.28 | 0.23 | -0.05 | 17 | ||
2005-04-21 | 2005-03-31 | 0.25 | 0.21 | -0.04 | 16 | ||
2005-02-03 | 2004-12-31 | 0.26 | 0.21 | -0.05 | 19 | ||
2004-10-14 | 2004-09-30 | 0.33 | 0.26 | -0.07 | 21 | ||
2004-07-13 | 2004-06-30 | 0.28 | 0.37 | 0.09 | 32 | ||
2004-04-13 | 2004-03-31 | 0.17 | 0.28 | 0.11 | 64 | ||
2004-02-03 | 2003-12-31 | 0.16 | 0.15 | -0.01 | 6 | ||
2003-10-14 | 2003-09-30 | 0.13 | 0.14 | 0.01 | 7 | ||
2003-07-15 | 2003-06-30 | 0.15 | 0.12 | -0.03 | 20 | ||
2003-04-15 | 2003-03-31 | 0.16 | 0.06 | -0.1 | 62 | ||
2003-02-04 | 2002-12-31 | 0.11 | 0.12 | 0.01 | 9 | ||
2002-10-15 | 2002-09-30 | 0.24 | 0.17 | -0.07 | 29 | ||
2002-07-16 | 2002-06-30 | 0.28 | 0.25 | -0.03 | 10 | ||
2002-04-16 | 2002-03-31 | 0.3 | 0.24 | -0.06 | 20 | ||
2002-02-07 | 2001-12-31 | 0.2 | 0.16 | -0.04 | 20 | ||
2001-10-16 | 2001-09-30 | 0.28 | 0.26 | -0.02 | 7 | ||
2001-07-17 | 2001-06-30 | 0.28 | 0.28 | 0.0 | 0 | ||
2001-04-17 | 2001-03-31 | 0.28 | 0.21 | -0.07 | 25 | ||
2001-02-13 | 2000-12-31 | 0.25 | 0.23 | -0.02 | 8 | ||
2000-10-10 | 2000-09-30 | 0.26 | 0.25 | -0.01 | 3 | ||
2000-07-11 | 2000-06-30 | 0.38 | 0.42 | 0.04 | 10 | ||
2000-04-11 | 2000-03-31 | 0.31 | 0.35 | 0.04 | 12 | ||
2000-02-08 | 1999-12-31 | 0.32 | 0.33 | 0.01 | 3 | ||
1999-10-12 | 1999-09-30 | 0.31 | 0.33 | 0.02 | 6 | ||
1999-07-13 | 1999-06-30 | 0.31 | 0.32 | 0.01 | 3 | ||
1999-04-14 | 1999-03-31 | 0.26 | 0.31 | 0.05 | 19 | ||
1999-02-09 | 1998-12-31 | 0.25 | 0.23 | -0.02 | 8 | ||
1998-10-12 | 1998-09-30 | 0.25 | 0.24 | -0.01 | 4 | ||
1998-07-16 | 1998-06-30 | 0.23 | 0.28 | 0.05 | 21 | ||
1998-04-15 | 1998-03-31 | 0.22 | 0.24 | 0.02 | 9 | ||
1998-02-10 | 1997-12-31 | 0.25 | 0.25 | 0.0 | 0 | ||
1997-10-14 | 1997-09-30 | 0.23 | 0.23 | 0.0 | 0 | ||
1997-07-17 | 1997-06-30 | 0.2 | 0.21 | 0.01 | 5 | ||
1997-04-17 | 1997-03-31 | 0.19 | 0.2 | 0.01 | 5 | ||
1997-02-11 | 1996-12-31 | 0.18 | 0.23 | 0.05 | 27 | ||
1996-10-16 | 1996-09-30 | 0.18 | 0.21 | 0.03 | 16 | ||
1996-07-18 | 1996-06-30 | 0.17 | 0.18 | 0.01 | 5 | ||
1996-04-18 | 1996-03-31 | 0.15 | 0.17 | 0.02 | 13 | ||
1996-02-12 | 1995-12-31 | 0.14 | 0.16 | 0.02 | 14 |
Mueller Industries Corporate Directors
| Charles Herzog | Independent Director | Profile | |
| Gennaro Fulvio | Independent Director | Profile | |
| Elizabeth Donovan | Independent Director | Profile | |
| Mark Millerchip | Executive Director - European Operations | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mueller Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Mueller Stock please use our How to Invest in Mueller Industries guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mueller Industries. If investors know Mueller will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mueller Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.162 | Dividend Share 0.8 | Earnings Share 5.31 | Revenue Per Share | Quarterly Revenue Growth 0.261 |
The market value of Mueller Industries is measured differently than its book value, which is the value of Mueller that is recorded on the company's balance sheet. Investors also form their own opinion of Mueller Industries' value that differs from its market value or its book value, called intrinsic value, which is Mueller Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mueller Industries' market value can be influenced by many factors that don't directly affect Mueller Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mueller Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mueller Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mueller Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.