Mueller Industries, Inc. $MLI Stock Holdings Lifted by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. boosted its holdings in Mueller Industries, Inc. (NYSE:MLI) by 100.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,732 shares of the industrial products company’s stock after acquiring an additional 12,869 shares during the period. Mueller Industries accounts for about 1.1% of Oakmont Investment Advisors Inc.’s portfolio, making the stock its 27th largest holding. Oakmont Investment Advisors Inc.’s holdings in Mueller Industries were worth $1,560,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MLI. Alpine Bank Wealth Management purchased a new stake in Mueller Industries in the third quarter valued at $25,000. Activest Wealth Management lifted its stake in shares of Mueller Industries by 80.4% in the 3rd quarter. Activest Wealth Management now owns 424 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Mueller Industries in the 2nd quarter valued at $29,000. Arlington Trust Co LLC purchased a new position in shares of Mueller Industries during the 2nd quarter worth $30,000. Finally, NBT Bank N A NY grew its holdings in shares of Mueller Industries by 148.7% during the 1st quarter. NBT Bank N A NY now owns 286 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 171 shares during the period. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

Key Mueller Industries News

Here are the key news stories impacting Mueller Industries this week:

• Positive Sentiment: Fiscal third-quarter revenue rose 31.6% year over year to $1.42 billion, substantially exceeding analyst expectations of approximately $1.28 billion. Mueller Industries Fiscal Q3 Earnings, Sales Rise
• Positive Sentiment: Mueller generated $337 million in operating cash flow, ended the quarter with $1.48 billion in cash and short-term investments, and repurchased 3.2 million shares for $201.9 million—supportive of shareholder returns and financial flexibility. Mueller Industries Q3 Revenue Rises 32% to $1.42 Billion
• Positive Sentiment: Higher copper prices, with COMEX copper averaging $6.48 per pound—up 34.2% from the prior-year period—helped support the sharp increase in reported sales. Mueller Industries Q3 Sales Strengthen
• Neutral Sentiment: Operating income increased modestly to $281.6 million from $276.1 million, while net income rose to $221.2 million from $208.1 million, indicating that revenue growth translated into only limited operating-profit improvement. Mueller Industries Reports Earnings Results
• Negative Sentiment: Adjusted diluted EPS was $1.00, below the consensus estimate of $1.08. The earnings shortfall prompted a post-report decline and pushed the stock to a four-month low. Mueller Industries Shares Fall After Earnings Miss
• Negative Sentiment: MLI trades about 21% below its 52-week high, underscoring weakened momentum following the earnings disappointment. Mueller Industries Stock Below 52-Week High
• Negative Sentiment: Recent insider activity was entirely selling, including substantial share sales by the CEO and CFO, which may weigh on investor sentiment. Mueller Industries Q3 Revenue and Insider Activity

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MLI. Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, July 16th. Wall Street Zen cut shares of Mueller Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, October 15th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, Mueller Industries has an average rating of “Buy” and a consensus target price of $75.00.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, CEO Gregory Christopher sold 200,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.44, for a total value of $13,688,000.00. Following the sale, the chief executive officer owned 1,598,850 shares of the company’s stock, valued at $109,425,294. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Hansen sold 1,000 shares of Mueller Industries stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $68.13, for a total value of $68,130.00. Following the completion of the transaction, the director owned 29,000 shares of the company’s stock, valued at $1,975,770. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 275,444 shares of company stock valued at $18,885,398 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Mueller Industries Stock Performance

NYSE MLI opened at $57.56 on Thursday. The firm has a 50 day simple moving average of $61.74 and a 200-day simple moving average of $63.59. Mueller Industries, Inc. has a one year low of $51.20 and a one year high of $71.12. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 14.76 and a beta of 1.08.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings data on Tuesday, October 20th. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.08). Mueller Industries had a net margin of 17.26% and a return on equity of 25.51%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 31.6% on a year-over-year basis.

Mueller Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a dividend of $0.1750 per share. The ex-dividend date was Friday, September 4th. This represents a $0.70 annualized dividend and a yield of 1.2%. Mueller Industries’s dividend payout ratio is 17.95%.

Mueller Industries Company Profile

Mueller Industries, Inc is a manufacturer of metal and plastic products used in plumbing, heating, ventilation, air conditioning, refrigeration, fire protection, water distribution, and industrial applications. Its product portfolio includes copper, brass, aluminum, and steel tubing; fittings; valves; copper and plastic piping systems; and related components.

The company sells products primarily through wholesale distributors, original equipment manufacturers, building-supply outlets, and other industrial channels.