NEW YORK (

TheStreet

) --

Mueller Industries

(NYSE:

MLI

) hit a new 52-week high Wednesday as it traded at $34.48 compared with its previous 52-Week high of $34.42. Mueller is changing hands at $34.48 with 108,180 shares traded as of 1:46 p.m. ET. Average volume has been 161,500 shares over the past 30 days.

Mueller has a market cap of $1.3 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 4.3% year to date as of the close of trading on Tuesday.

Mueller Industries, Inc. manufactures copper, brass, plastic, and aluminum products. It operates in two segments, Plumbing and Refrigeration, and Original Equipment Manufacturers (OEM). The company has a P/E ratio of 14.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 16.1.

  • Practice your MLI trading strategies and win cash in our stock game.

TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Mueller Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null