Mueller Industries, Inc. (NYSE:MLI) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 20.4% in the third quarter, Holdings Channel.com reports. The fund owned 405,618 shares of the industrial products company’s stock after buying an additional 68,633 shares during the quarter. New York State Common Retirement Fund’s holdings in Mueller Industries were worth $30,056,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. LSV Asset Management boosted its stake in Mueller Industries by 44.1% in the 2nd quarter. LSV Asset Management now owns 2,094,682 shares of the industrial products company’s stock worth $119,271,000 after purchasing an additional 641,114 shares during the period. F M Investments LLC acquired a new stake in shares of Mueller Industries in the second quarter worth $14,441,000. Massachusetts Financial Services Co. MA boosted its position in shares of Mueller Industries by 1,124.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 98,920 shares of the industrial products company’s stock worth $5,633,000 after buying an additional 90,841 shares during the period. Bank of Montreal Can grew its holdings in shares of Mueller Industries by 163.6% during the second quarter. Bank of Montreal Can now owns 118,527 shares of the industrial products company’s stock valued at $6,790,000 after buying an additional 73,567 shares in the last quarter. Finally, Vest Financial LLC raised its position 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 buying an additional 63,828 shares during the period. 94.50% of the stock is owned by institutional investors.

Mueller Industries Trading Down 0.6 %

Shares of NYSE MLI opened at $81.46 on Monday. Mueller Industries, Inc. has a one year low of $37.54 and a one year high of $84.11. The business has a 50-day moving average price of $73.09 and a two-hundred day moving average price of $64.72. The firm has a market capitalization of $9.27 billion, a PE ratio of 15.82 and a beta of 1.01.

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

Insider Buying and Selling at Mueller Industries

In other news, Director John B. Hansen sold 8,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $67.24, for a total value of $537,920.00. Following the transaction, the director now directly owns 95,914 shares of the company’s stock, valued at approximately $6,449,257.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director John B. Hansen sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $67.24, for a total value of $537,920.00. Following the completion of the sale, the director now owns 95,914 shares of the company’s stock, valued at approximately $6,449,257.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John B. Hansen sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total transaction of $83,090.00. Following the transaction, the director now directly owns 94,914 shares in the company, valued at approximately $7,886,404.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,000 shares of company stock valued at $7,164,860 in the last quarter. Company insiders own 2.80% of the company’s stock.

Mueller Industries 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.