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Northcoast Upgrades Mueller Industries, Inc (MLI) to a Buy from a Neutral

Mueller Industries, Inc’s recently made public that its Officer HANSEN JOHN B acquired Company’s shares for reported $0.24 million on May 12 ’25. In the deal valued at $77.82 per share,3,130 shares were bought.

Then, Sigloch Steffen sold 19,584 shares, generating $1,521,128 in total proceeds. Upon selling the shares at $77.67, the Chief Manufacturing Officer now owns 139,960 shares.

Before that, HANSEN JOHN B sold 3,130 shares. Mueller Industries, Inc shares valued at $244,353 were divested by the Director at a price of $78.07 per share. As a result of the transaction, HANSEN JOHN B now holds 93,914 shares, worth roughly $7.45 million.

Northcoast upgraded its Mueller Industries, Inc [MLI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Boenning & Scattergood also remained covering MLI and has increased its forecast on December 14, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Boenning & Scattergood revised its rating on February 04, 2020. It rated MLI as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of MLI

On Friday, Mueller Industries, Inc [NYSE:MLI] saw its stock jump 0.42% to $79.38. Over the last five days, the stock has gained 5.85%. Mueller Industries, Inc shares have risen nearly 0.03% since the year began. Nevertheless, the stocks have risen 33.41% over the past one year. While a 52-week high of $96.81 was reached on 01/21/25, a 52-week low of $53.53 was recorded on 04/07/25. SMA at 50 days reached $75.87, while 200 days put it at $77.10.

Levels Of Support And Resistance For MLI Stock

The 24-hour chart illustrates a support level at 78.53, which if violated will result in even more drops to 77.68. On the upside, there is a resistance level at 79.92. A further resistance level may holdings at 80.46. The Relative Strength Index (RSI) on the 14-day chart is 63.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.99%. Stochastics %K at 85.57% indicates the stock is a selling.

The most recent change occurred on May 18, 2018 when Boenning & Scattergood began covering the stock and recommended ‘”a Neutral”‘ rating .

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