Insider Selling: Mueller Industries (NYSE:MLI) Director Sells $527,037.10 in Stock

Mueller Industries, Inc. (NYSE:MLI) Director Scott Jay Goldman sold 4,430 shares of Mueller Industries stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $118.97, for a total transaction of $527,037.10. Following the completion of the sale, the director owned 41,645 shares in the company, valued at approximately $4,954,505.65. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Scott Jay Goldman also recently made the following trade(s):

• On Tuesday, November 25th, Scott Jay Goldman sold 4,234 shares of Mueller Industries stock. The shares were sold at an average price of $108.64, for a total value of $459,981.76.

Mueller Industries Price Performance

Shares of MLI stock 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 firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 17.37 and a beta of 1.03. The business has a 50 day simple moving average of $121.87 and a 200 day simple moving average of $107.84.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Mueller Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in shares of Mueller Industries by 2.2% in the 4th quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 75 shares in the last quarter. US Asset Management LLC increased its holdings in shares of Mueller Industries by 3.5% in the fourth quarter. US Asset Management LLC now owns 2,425 shares of the industrial products company’s stock valued at $278,000 after buying an additional 81 shares in the last quarter. Florida Financial Advisors LLC increased its holdings in shares of Mueller Industries by 3.7% in the fourth quarter. Florida Financial Advisors LLC now owns 2,510 shares of the industrial products company’s stock valued at $288,000 after buying an additional 89 shares in the last quarter. Aviance Capital Partners LLC lifted its position in shares of Mueller Industries by 2.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 4,235 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 97 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Mueller Industries by 4.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,100 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 99 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

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.