Mueller Industries, Inc. (MLI) Director John B. Hansen Sells 2,000 Shares of Stock
Mueller Industries, Inc. (NYSE:MLI) Director John B. Hansen sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $33.15, for a total value of $66,300.00. Following the sale, the director now directly owns 45,607 shares of the company’s stock, valued at $1,511,872.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.39 EPS for the quarter. The business had revenue of $550.36 million during the quarter. Mueller Industries had a net margin of 4.39% and a return on equity of 15.68%.
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Separately, BidaskClub downgraded Mueller Industries from a “hold” rating to a “sell” rating in a report on Friday, August 18th.
Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new position in Mueller Industries in the 2nd quarter valued at approximately $152,000. Raymond James Financial Services Advisors Inc. acquired a new position in Mueller Industries in the 2nd quarter valued at approximately $206,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Mueller Industries in the 3rd quarter valued at approximately $227,000. Amalgamated Bank increased its stake in Mueller Industries by 5.2% in the 2nd quarter. Amalgamated Bank now owns 7,949 shares of the industrial products company’s stock valued at $242,000 after buying an additional 394 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Mueller Industries in the 2nd quarter valued at approximately $266,000. Hedge funds and other institutional investors own 91.23% of the company’s stock.
About Mueller Industries
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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