Mueller Industries Inc. (MLI) Trading Down 1.5%
Mueller Industries Inc. (NYSE:MLI) fell 1.5% on Monday . The stock traded as low as $34.74 and last traded at $34.80, with a volume of 65,107 shares trading hands. The stock had previously closed at $35.32.
Separately, TheStreet upgraded shares of Mueller Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th.
The company has a market capitalization of $1.99 billion and a price-to-earnings ratio of 21.10. The firm’s 50 day moving average is $32.19 and its 200-day moving average is $29.07.
Mueller Industries (NYSE:MLI) last issued its quarterly earnings data on Tuesday, April 19th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. On average, equities analysts forecast that Mueller Industries Inc. will post $1.55 EPS for the current year.
In related news, Director John B. Hansen sold 5,000 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $30.01, for a total transaction of $150,050.00. Following the sale, the director now directly owns 45,607 shares in the company, valued at $1,368,666.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gennaro J. Fulvio sold 6,460 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $31.09, for a total transaction of $200,841.40. Following the sale, the director now owns 2,000 shares in the company, valued at $62,180. The disclosure for this sale can be found here.
A number of large investors have modified their holdings of the stock. Comerica Bank raised its stake in shares of Mueller Industries by 0.6% in the fourth quarter. Comerica Bank now owns 57,976 shares of the company’s stock valued at $1,450,000 after buying an additional 327 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Mueller Industries by 5.4% in the fourth quarter. Rhumbline Advisers now owns 86,352 shares of the company’s stock valued at $2,340,000 after buying an additional 4,445 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Mueller Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 105,548 shares of the company’s stock valued at $2,860,000 after buying an additional 1,700 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Mueller Industries by 27.3% in the fourth quarter. First Trust Advisors LP now owns 135,464 shares of the company’s stock valued at $3,671,000 after buying an additional 29,052 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new stake in shares of Mueller Industries during the fourth quarter valued at about $5,722,000.
Mueller Industries, Inc (Mueller) is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). Its Plumbing & Refrigeration segment consists of Standard Products (SPD), Great Lakes Copper Ltd.
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