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NEW YORK ( TheStreet) -- Mueller Industries (NYSE: MLI) hit a new 52-week high Tuesday as it is currently trading at $47.84, above its previous 52-week high of $47.72 with 93,906 shares traded as of 12:04 p.m. ET. Average volume has been 150,800 shares over the past 30 days. Mueller has a market cap of $1.64 billion and is part of the industrial goods sector and industrial industry. Shares are up 21.5% 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 19.6, above the average industrial industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7.