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 the stock in a transaction on Friday, February 13th. The shares were 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 $4,954,505.65. This trade represents a 9.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $108.64, for a total value of $459,981.76.

Mueller Industries Trading Up 0.4%

Shares of Mueller Industries stock traded up $0.43 on Friday, reaching $119.28. 391,636 shares of the company were exchanged, compared to its average volume of 896,773. Mueller Industries, Inc. has a fifty-two week low of $66.84 and a fifty-two week high of $139.29. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 17.34 and a beta of 1.03. The stock has a fifty day moving average price of $121.75 and a 200-day moving average price of $107.35.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MLI shares. Wall Street Zen downgraded shares of Mueller Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Morgan Stanley grew its position in shares of Mueller Industries by 9.7% in the 4th quarter. Morgan Stanley now owns 1,659,496 shares of the industrial products company’s stock valued at $190,510,000 after purchasing an additional 146,460 shares during the period. Schroder Investment Management Group increased its holdings in Mueller Industries by 24.3% during the fourth quarter. Schroder Investment Management Group now owns 30,460 shares of the industrial products company’s stock worth $3,546,000 after buying an additional 5,954 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Mueller Industries by 3.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 217,100 shares of the industrial products company’s stock worth $24,923,000 after acquiring an additional 6,350 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in Mueller Industries in the 4th quarter valued at about $214,000. Finally, Van ECK Associates Corp increased its position in Mueller Industries by 1.4% during the fourth quarter. Van ECK Associates Corp now owns 91,578 shares of the industrial products company’s stock worth $10,513,000 after buying an additional 1,230 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

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.