10 Best Aluminum Stocks to Buy According to Billionaires

4. Mueller Industries, Inc. (NYSE:MLI)

Number of Billionaires: 10

Number of Hedge Fund Holders: 34

Mueller Industries, Inc. (NYSE:MLI), an international manufacturer of brass, aluminum, and copper products, caters to the industrial, plumbing, HVAC, and energy transmission sectors. It operates across Europe, the Middle East, Asia, and North America.

Fueled by acquisitions and higher selling prices, Mueller Industries, Inc. (NYSE:MLI) posted strong fourth-quarter results, with net sales climbing 26.1% year-over-year to $923.5 million. The net income jumped 15.4% to $137.7 million, while operating income surged 26% to $170.3 million. Full-year revenue achieved $3.8 billion, up 10.2%, with diluted EPS at $5.31. To strengthen its financial performance, the company generated $645.9 million in cash flow from operations in 2024.

Mueller Industries, Inc. (NYSE:MLI) recorded Industrial Metals’ net sales, which increased to $229 million in Q4 2024 from $125 million in the prior-year quarter, reflecting robust segments’ growth. This rise was fueled by higher unit volumes in U.S. construction-related products and acquisitions completed in the second half of 2024. Its ability to invest in infrastructure expansion and operational enhancements was strengthened as it produced $140 million in cash from operations during the quarter.

Moreover, with the successful merger of Nehring Electrical Works and Elkhart Products, the company also solidified its portfolio, which contributed to revenue but is predicted to yield stronger earnings in 2025. The company remains committed to investments that expand its infrastructure product platforms and improve manufacturing abilities.

Consequently, Mueller Industries, Inc. (NYSE:MLI) signified its fifth consecutive year of double-digit dividend growth. It further rewarded shareholders by announcing a 25% raise in its quarterly dividend to $0.25 per share. The company continues to prioritize strategic investments, capitalizing on growing aluminum demands and operational efficiency, helping it stand among the best aluminum stocks to buy.