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Scott Jay Goldman, a director at Mueller Industries Inc . (NYSE:MLI), a $8.08 billion industrial manufacturer with "GREAT" financial health according to InvestingPro analysis, recently sold 16,483 shares of common stock. The sale, which took place on April 29, 2025, was executed at a weighted average price of $73.46 per share, generating a total of approximately $1.21 million. Following this transaction, Goldman retains ownership of 39,615 shares in the company. The shares were sold in multiple transactions with prices ranging from $73.43 to $73.62. The company trades at a P/E ratio of 12.96 and has maintained dividend payments for 22 consecutive years, demonstrating long-term stability. InvestingPro analysis suggests the stock is trading close to its Fair Value, with additional metrics and insights available to subscribers.
In other recent news, Mueller Industries reported its first-quarter 2025 earnings, which fell short of analyst expectations. The company posted adjusted earnings per share of $1.39, missing the consensus estimate of $1.41, though revenue matched projections at $1 billion. Net income increased to $157.4 million, up from $138.4 million in the same quarter last year, while net sales rose 17.7% year-over-year, driven by acquisitions and higher selling prices. CEO Greg Christopher highlighted the positive impact of recent acquisitions and noted that manufacturing disruptions have been resolved. Mueller Industries ended the quarter with a cash balance of $830.1 million and repurchased over 3 million shares for $243.6 million. Christopher mentioned that market conditions and demand align with the year-end outlook but acknowledged challenges from tariffs and trade policies. Despite the earnings miss, the company expressed confidence in navigating the current economic environment.
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