Buy This Industrial Stock

Today, I am recommending the purchase of shares in Mueller Industries (MLI), an industrial company that manufactures copper and brass tubes, as well as commercial refrigeration products that are used in a variety of applications.

Improved efficiency in operations has driven earnings growth for three consecutive years, and revenues should get a lift from the economy reopening this year. At 14X this year’s earnings per share (EPS) estimates of $3.15, the stock is cheap compared to many industrial names and has good upside potential. A strong balance sheet adds to the attraction of the shares.

Buy MLI under $48. My target is $52. I will have further details in tomorrow’s Value Authority April issue.