John B. Hansen Sells 1,000 Shares of Mueller Industries, Inc. (NYSE:MLI) Stock

Mueller Industries, Inc. (NYSE:MLI) Director John B. Hansen sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the transaction, the director now owns 94,914 shares in the company, valued at $7,886,404.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mueller Industries Trading Down 0.6 %

Shares of Mueller Industries stock opened at $81.46 on Friday. The firm has a market capitalization of $9.27 billion, a P/E ratio of 15.82 and a beta of 1.01. The business’s fifty day simple moving average is $73.09 and its 200 day simple moving average is $64.64. Mueller Industries, Inc. has a 12 month low of $37.54 and a 12 month high of $84.11.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.16. The company had revenue of $997.80 million during the quarter, compared to analyst estimates of $936.00 million. Mueller Industries had a net margin of 16.39% and a return on equity of 23.25%. The business’s revenue was up 21.7% on a year-over-year basis.

Institutional Investors Weigh In On Mueller Industries

Several large investors have recently modified their holdings of MLI. Vanguard Group Inc. grew its holdings in Mueller Industries by 0.5% during the first quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company’s stock valued at $666,524,000 after purchasing an additional 59,060 shares during the period. LSV Asset Management grew its stake in shares of Mueller Industries by 44.1% during the 2nd quarter. LSV Asset Management now owns 2,094,682 shares of the industrial products company’s stock worth $119,271,000 after acquiring an additional 641,114 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Mueller Industries by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,176,468 shares of the industrial products company’s stock worth $66,988,000 after acquiring an additional 7,756 shares during the period. Fiera Capital Corp purchased a new stake in Mueller Industries in the 3rd quarter worth about $35,552,000. Finally, Vest Financial LLC lifted its holdings in Mueller Industries by 18.2% during the second quarter. Vest Financial LLC now owns 414,417 shares of the industrial products company’s stock valued at $23,597,000 after purchasing an additional 63,828 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.