denkapparat Operations GmbH Has $1.14 Million Position in Mueller Industries, Inc. $MLI

denkapparat Operations GmbH increased its holdings in Mueller Industries, Inc. (NYSE:MLI) by 70.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,230 shares of the industrial products company’s stock after buying an additional 4,642 shares during the quarter. Mueller Industries comprises approximately 0.7% of denkapparat Operations GmbH’s portfolio, making the stock its 21st largest holding. denkapparat Operations GmbH’s holdings in Mueller Industries were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC raised its holdings in shares of Mueller Industries by 2.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 4,235 shares of the industrial products company’s stock worth $428,000 after buying an additional 97 shares in the last quarter. Covestor Ltd grew its position in Mueller Industries by 5.1% in the third quarter. Covestor Ltd now owns 2,162 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 105 shares during the period. UMB Bank n.a. raised its stake in Mueller Industries by 2.2% during the third quarter. UMB Bank n.a. now owns 5,394 shares of the industrial products company’s stock worth $545,000 after acquiring an additional 115 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Mueller Industries by 7.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,624 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 119 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of Mueller Industries by 3.9% in the 2nd quarter. Wedbush Securities Inc. now owns 3,545 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 134 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Mueller Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Industries in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Mueller Industries has a consensus rating of “Buy”.

Insider Buying and Selling

In other Mueller Industries news, Director John B. Hansen sold 1,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $116.71, for a total value of $116,710.00. Following the transaction, the director directly owned 90,664 shares in the company, valued at approximately $10,581,395.44. This trade represents a 1.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott Jay Goldman sold 4,430 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $118.97, for a total value of $527,037.10. Following the sale, the director owned 41,645 shares of the company’s stock, valued at approximately $4,954,505.65. The trade was a 9.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,664 shares of company stock worth $1,103,729 over the last quarter. 2.70% of the stock is owned by company insiders.

Mueller Industries Stock Up 0.4%

Shares of NYSE:MLI opened at $119.36 on Monday. Mueller Industries, Inc. has a 12 month low of $66.84 and a 12 month high of $139.29. The company’s 50-day moving average price is $121.87 and its two-hundred day moving average price is $107.84. The firm has a market cap of $13.25 billion, a P/E ratio of 17.37 and a beta of 1.03.

About Mueller Industries

Mueller Industries, Inc is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products. Headquartered in Memphis, Tennessee, the company serves a wide range of markets including HVAC (heating, ventilation and air conditioning), refrigeration, plumbing, industrial gas, automotive and agricultural sectors. Its product portfolio encompasses copper and plastic tubing, brass fittings, valves and related components designed for fluid handling and temperature control applications.

The company operates through multiple business segments, including the Plumbing & Refrigeration segment, which supplies copper and plastic tubing, fittings and valves for residential and commercial construction markets; the Industrial Metals & Mining segment, which provides aluminum shapes and specialty brass products for industrial applications; and the Climate segment, which focuses on copper tubing and components for air conditioning and refrigeration systems.