Stoneridge Investment Partners LLC bought a new stake in shares of Mueller Industries, Inc. (NYSE:MLI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,599 shares of the industrial products company’s stock, valued at approximately $323,000.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Mueller Industries during the first quarter valued at approximately $168,000. Nisa Investment Advisors LLC purchased a new stake in Mueller Industries during the second quarter valued at approximately $152,000. State of Alaska Department of Revenue boosted its stake in Mueller Industries by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the industrial products company’s stock valued at $217,000 after buying an additional 130 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Mueller Industries during the first quarter valued at approximately $222,000. Finally, Sii Investments Inc. WI purchased a new stake in Mueller Industries during the first quarter valued at approximately $275,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Shares of Mueller Industries, Inc. (MLI) opened at 29.65 on Friday. Mueller Industries, Inc. has a 1-year low of $27.72 and a 1-year high of $43.96. The firm has a 50-day moving average price of $30.49 and a 200 day moving average price of $33.53. The company has a market cap of $1.71 billion, a PE ratio of 16.93 and a beta of 1.37.

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In other Mueller Industries news, Director John B. Hansen sold 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $31.05, for a total value of $62,100.00. Following the transaction, the director now owns 45,607 shares in the company, valued at $1,416,097.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.79% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

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