Bridgewater Advisors Inc. Has $4.17 Million Stock Position in Mueller Industries, Inc. (NYSE:MLI)

Bridgewater Advisors Inc. cut its holdings in Mueller Industries, Inc. (NYSE:MLI) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,273 shares of the industrial products company’s stock after selling 1,006 shares during the period. Bridgewater Advisors Inc.’s holdings in Mueller Industries were worth $4,170,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Mueller Industries by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company’s stock valued at $666,524,000 after acquiring an additional 59,060 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in Mueller Industries by 6.1% during the first quarter. Westfield Capital Management Co. LP now owns 168,849 shares of the industrial products company’s stock worth $9,106,000 after buying an additional 9,719 shares in the last quarter. SG Americas Securities LLC increased its holdings in Mueller Industries by 314.6% in the 2nd quarter. SG Americas Securities LLC now owns 38,041 shares of the industrial products company’s stock valued at $2,166,000 after buying an additional 28,865 shares during the period. Janus Henderson Group PLC raised its position in shares of Mueller Industries by 24.0% in the 1st quarter. Janus Henderson Group PLC now owns 110,713 shares of the industrial products company’s stock valued at $5,971,000 after buying an additional 21,404 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Mueller Industries by 20.4% during the 3rd quarter. New York State Common Retirement Fund now owns 405,618 shares of the industrial products company’s stock worth $30,056,000 after acquiring an additional 68,633 shares during the period. 94.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John B. Hansen sold 8,000 shares of Mueller Industries stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $67.24, for a total transaction of $537,920.00. Following the sale, the director now directly 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 document filed with the SEC, which is available through this hyperlink. In related news, Director John B. Hansen sold 8,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $67.24, for a total transaction of $537,920.00. Following the sale, the director now owns 95,914 shares of the company’s stock, valued at $6,449,257.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory L. Christopher sold 45,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $67.73, for a total value of $3,047,850.00. Following the completion of the transaction, the chief executive officer now directly owns 1,264,311 shares of the company’s stock, valued at approximately $85,631,784.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,000 shares of company stock valued at $7,164,860. 2.80% of the stock is currently owned by corporate insiders.

Mueller Industries Price Performance

Shares of NYSE:MLI opened at $95.07 on Thursday. Mueller Industries, Inc. has a 1 year low of $37.54 and a 1 year high of $95.84. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 18.46 and a beta of 1.01. The company’s 50 day simple moving average is $74.13 and its 200 day simple moving average is $65.47.

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

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.