Mueller Industries Announces 2-for-1 Stock Split, Halving Share Price
MLI sits 75% above its 52-week low of $72.16.
Summary
Mueller Industries announced a two-for-one stock split, which will double the number of outstanding shares and proportionally reduce the per-share price. This corporate action follows a period of strong financial performance, including record 2025 financials and a 55.4% increase in Q1 2026 diluted EPS. The split is likely intended to increase the stock's accessibility and liquidity for a broader range of investors.
At the time of this announcement, MLI was trading at $126.11 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.9B. The 52-week trading range was $72.16 to $141.51. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.