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

Mueller Industries, Inc. (NYSE:MLI) Director John B. Hansen sold 1,000 shares of Mueller Industries 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 directly owns 94,914 shares in the company, valued at approximately $7,886,404.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mueller Industries Trading Down 1.2 %

Shares of Mueller Industries stock opened at $81.97 on Friday. Mueller Industries, Inc. has a 1 year low of $37.09 and a 1 year high of $84.11. The company’s fifty day simple moving average is $72.62 and its 200-day simple moving average is $64.31. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 15.92 and a beta of 1.03.

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

Hedge Funds Weigh In On Mueller Industries

Several large investors have recently added to or reduced their stakes in MLI. International Assets Investment Management LLC bought a new position in Mueller Industries in the second quarter worth $26,000. Federated Hermes Inc. acquired a new stake in Mueller Industries during the second quarter valued at approximately $28,000. Opal Wealth Advisors LLC bought a new position in shares of Mueller Industries during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC boosted its stake in Mueller Industries by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after buying an additional 146 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Mueller Industries in the third quarter valued at $64,000. Institutional investors and hedge funds 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.