Insider Buying: Mueller Industries, Inc. (MLI) Director Acquires 4,000 Shares of Stock

Mueller Industries, Inc. (NYSE:MLI) Director Terry Hermanson acquired 4,000 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was purchased at an average cost of $25.04 per share, for a total transaction of $100,160.00. Following the transaction, the director now owns 29,126 shares in the company, valued at $729,315.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:MLI opened at $25.12 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 16.86 and a beta of 1.44. Mueller Industries, Inc. has a twelve month low of $23.32 and a twelve month high of $37.57. The company has a current ratio of 3.12, a quick ratio of 2.35 and a debt-to-equity ratio of 0.87.

Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, October 23rd. The industrial products company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The company had revenue of $645.96 million for the quarter, compared to analysts’ expectations of $583.39 million. Mueller Industries had a return on equity of 15.29% and a net margin of 3.37%. On average, equities research analysts expect that Mueller Industries, Inc. will post 1.5 earnings per share for the current year.



A number of research analysts have recently issued reports on MLI shares. Zacks Investment Research downgraded shares of Mueller Industries from a “hold” rating to a “strong sell” rating in a research report on Friday. Boenning Scattergood reissued a “hold” rating on shares of Mueller Industries in a research report on Tuesday, October 23rd. Finally, ValuEngine downgraded shares of Mueller Industries from a “hold” rating to a “sell” rating in a research report on Monday, September 17th.

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in Mueller Industries by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 157,900 shares of the industrial products company’s stock worth $4,660,000 after purchasing an additional 2,090 shares during the last quarter. First Midwest Bank Trust Division grew its position in Mueller Industries by 13.0% during the 2nd quarter. First Midwest Bank Trust Division now owns 18,222 shares of the industrial products company’s stock worth $538,000 after purchasing an additional 2,096 shares during the last quarter. Ingalls & Snyder LLC grew its position in Mueller Industries by 23.0% during the 2nd quarter. Ingalls & Snyder LLC now owns 12,300 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 2,300 shares during the last quarter. Aperio Group LLC grew its position in Mueller Industries by 23.3% during the 2nd quarter. Aperio Group LLC now owns 14,525 shares of the industrial products company’s stock worth $429,000 after purchasing an additional 2,744 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Mueller Industries by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,000 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 5,000 shares during the last quarter. 92.96% of the stock is currently owned by institutional investors.

About Mueller Industries

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, plastic fittings, line sets, and related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.

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