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

Mueller Industries, Inc. (NYSE:MLI) Director John Hansen sold 1,000 shares of Mueller Industries stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $116.71, for a total value of $116,710.00. Following the completion of the transaction, the director owned 90,664 shares of the company’s stock, valued at $10,581,395.44. The trade was a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mueller Industries Stock Up 2.9%

Shares of NYSE:MLI opened at $119.31 on Wednesday. Mueller Industries, Inc. has a fifty-two week low of $66.84 and a fifty-two week high of $139.29. The firm’s 50 day moving average price is $121.46 and its 200 day moving average price is $107.17. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 17.37 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MLI. Fifth Third Bancorp grew its position in shares of Mueller Industries by 2.2% during the fourth quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock worth $400,000 after acquiring an additional 75 shares during the last quarter. US Asset Management LLC raised its position in Mueller Industries by 3.5% in the 4th quarter. US Asset Management LLC now owns 2,425 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 81 shares during the last quarter. Florida Financial Advisors LLC boosted its stake in Mueller Industries by 3.7% during the 4th quarter. Florida Financial Advisors LLC now owns 2,510 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 89 shares during the period. Aviance Capital Partners LLC grew its position in Mueller Industries by 2.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 4,235 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 97 shares during the last quarter. Finally, Covestor Ltd increased its stake in Mueller Industries by 5.1% in the third quarter. Covestor Ltd now owns 2,162 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.

Analyst Upgrades and Downgrades

MLI has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Mueller Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Mueller Industries Company Profile

Mueller Industries, Inc is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products. Headquartered in Memphis, Tennessee, the company serves a wide range of markets including HVAC (heating, ventilation and air conditioning), refrigeration, plumbing, industrial gas, automotive and agricultural sectors. Its product portfolio encompasses copper and plastic tubing, brass fittings, valves and related components designed for fluid handling and temperature control applications.

The company operates through multiple business segments, including the Plumbing & Refrigeration segment, which supplies copper and plastic tubing, fittings and valves for residential and commercial construction markets; the Industrial Metals & Mining segment, which provides aluminum shapes and specialty brass products for industrial applications; and the Climate segment, which focuses on copper tubing and components for air conditioning and refrigeration systems.