Mueller Industries Inc. (NYSE:MLI)’s share price fell 1.5% during trading on Monday . The company traded as low as $34.74 and last traded at $34.80, with a volume of 65,107 shares. The stock had previously closed at $35.32.

Separately, TheStreet raised shares of Mueller Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 24th.

The company has a 50-day moving average price of $32.25 and a 200 day moving average price of $29.11. The company has a market cap of $1.97 billion and a PE ratio of 20.87.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, April 19th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. On average, equities research analysts expect that Mueller Industries Inc. will post $1.55 earnings per share for the current fiscal year.

In other news, Director Gennaro J. Fulvio sold 6,460 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were 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 of the company’s stock, valued at approximately $62,180. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Hansen sold 5,000 shares of the firm’s stock in a transaction dated 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 approximately $1,368,666.07. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the stock. California State Teachers Retirement System increased 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 worth $2,860,000 after buying an additional 1,700 shares during the last quarter. First Trust Advisors LP increased its position in Mueller Industries by 27.3% in the fourth quarter. First Trust Advisors LP now owns 135,464 shares of the company’s stock worth $3,671,000 after buying an additional 29,052 shares during the last quarter. Rhumbline Advisers increased its position in Mueller Industries by 5.4% in the fourth quarter. Rhumbline Advisers now owns 86,352 shares of the company’s stock worth $2,340,000 after buying an additional 4,445 shares during the last quarter. Comerica Bank increased its position in Mueller Industries by 0.6% in the fourth quarter. Comerica Bank now owns 57,976 shares of the company’s stock worth $1,450,000 after buying an additional 327 shares during the last quarter. Finally, Boston Partners increased its position in Mueller Industries by 5.3% in the fourth quarter. Boston Partners now owns 305,284 shares of the company’s stock worth $8,273,000 after buying an additional 15,240 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.