Tdam USA Inc. cut its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,962 shares of the industrial products company’s stock after selling 1,185 shares during the period. Tdam USA Inc.’s holdings in Mueller Industries were worth $669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund raised its position in Mueller Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 42,056 shares of the industrial products company’s stock worth $1,281,000 after buying an additional 351 shares during the period. Great West Life Assurance Co. Can raised its position in Mueller Industries by 4.2% in the second quarter. Great West Life Assurance Co. Can now owns 84,740 shares of the industrial products company’s stock worth $2,577,000 after buying an additional 3,420 shares during the period. Bowling Portfolio Management LLC purchased a new position in Mueller Industries during the second quarter worth about $589,000. Campbell & CO Investment Adviser LLC purchased a new position in Mueller Industries during the second quarter worth about $447,000. Finally, First Midwest Bank Trust Division raised its position in Mueller Industries by 2.5% in the second quarter. First Midwest Bank Trust Division now owns 23,300 shares of the industrial products company’s stock worth $709,000 after buying an additional 564 shares during the period. Institutional investors own 90.29% of the company’s stock.

Mueller Industries, Inc. (NYSE MLI) opened at 30.53 on Thursday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.44 and a beta of 1.37. The firm has a 50-day moving average of $30.49 and a 200-day moving average of $33.62. Mueller Industries, Inc. has a 12-month low of $27.72 and a 12-month high of $43.96.

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In related news, Director John B. Hansen sold 2,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $31.05, for a total value of $62,100.00. Following the completion of the transaction, the director now owns 45,607 shares in the company, valued at approximately $1,416,097.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.79% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.

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Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

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