Mueller Industries, Inc. $MLI Shares Purchased by IFP Advisors Inc

IFP Advisors Inc grew its position in Mueller Industries, Inc. (NYSE:MLI) by 94.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,655 shares of the industrial products company’s stock after purchasing an additional 13,457 shares during the quarter. IFP Advisors Inc’s holdings in Mueller Industries were worth $1,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Mueller Industries during the 2nd quarter worth approximately $29,000. Arlington Trust Co LLC bought a new position in Mueller Industries in the second quarter valued at approximately $30,000. NBT Bank N A NY increased its stake in Mueller Industries by 148.7% in the first quarter. NBT Bank N A NY now owns 286 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 171 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in Mueller Industries in the first quarter valued at approximately $34,000. Finally, SJS Investment Consulting Inc. raised its position in Mueller Industries by 28.4% during the first quarter. SJS Investment Consulting Inc. now owns 371 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 94.50% of the company’s stock.

Mueller Industries News Summary

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

Analysts Set New Price Targets

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

Mueller Industries Trading Up 1.3%

Shares of NYSE MLI opened at $57.56 on Thursday. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 14.76 and a beta of 1.08. Mueller Industries, Inc. has a 12 month low of $51.20 and a 12 month high of $71.12. The stock has a 50-day moving average price of $61.74 and a two-hundred day moving average price of $63.59.

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

Mueller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Mueller Industries’s dividend payout ratio is currently 18.23%.

Insider Buying and Selling

In other Mueller Industries news, CEO Gregory L. Christopher sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at $109,425,294. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Scott Goldman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $64.08, for a total transaction of $128,160.00. Following the completion of the sale, the director owned 79,734 shares in the company, valued at $5,109,354.72. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 275,444 shares of company stock worth $18,885,398 in the last three months. 2.30% of the stock is owned by corporate insiders.

Mueller Industries 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.