Value investing is always a very popular strategy, and for good reason. After all, who doesn't want to find stocks that have low PEs, solid outlooks, and decen t dividends ?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Mueller Industries, Inc.MLI .
Mueller Industries in Focus
MLI may be an interesting play thanks to its forward PE of 17.8, its P/S ratio of 0.8, and its decen t dividend yield of 1.2%. These factors suggest that Mueller Industries is a pretty good value pick, as investors have to pay a relatively low level for each dollar o f earnings , and that MLI has decent revenue metrics to back up its earnings.
Mueller Industries, Inc. PS Ratio (TTM)
But before you think that Mueller Industries is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 18.7% in the past 30 days, thanks to one upward revision in the past one months compared to none lower.
This estimate strength is actually enough to push MLI to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform. You can see the complete list of today's Zacks #1 Rank stocks here.
So really, Mueller Industries is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 - 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.