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.

TheStreet Ratings rates Mueller as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Mueller Ratings Report.

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