NEW YORK ( TheStreet) -- Mueller Industries Inc (NYSE: MLI) hit a new 52-week high Tuesday as it is currently trading at $46.38, above its previous 52-week high of $46.25 with 359,749 shares traded as of 2:36 p.m. ET. Average volume has been 626,500 shares over the past 30 days.

Mueller has a market cap of $1.7 billion and is part of the industrial goods sector and industrial industry. Shares are up 41.1% year to date as of the close of trading on Monday.

Mueller Industries, Inc. manufactures copper, brass, plastic, and aluminum products. It operates in two segments, Plumbing & Refrigeration, and Original Equipment Manufacturers (OEM). The company has a P/E ratio of 16.8, above the average industrial industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Mueller Ratings Report.

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