Mueller Industries, Inc. (NYSE:MLI) Holdings Lifted by Sittner & Nelson LLC

Sittner & Nelson LLC increased its stake in Mueller Industries, Inc. (NYSE:MLI) by 65.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650 shares of the industrial products company’s stock after acquiring an additional 650 shares during the period. Sittner & Nelson LLC’s holdings in Mueller Industries were worth $122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Olympiad Research LP boosted its holdings in shares of Mueller Industries by 6.5% in the third quarter. Olympiad Research LP now owns 6,615 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 403 shares in the last quarter. WoodTrust Financial Corp bought a new position in shares of Mueller Industries in the third quarter valued at approximately $230,000. Advisors Management Group Inc. ADV boosted its holdings in shares of Mueller Industries by 12.5% in the third quarter. Advisors Management Group Inc. ADV now owns 24,042 shares of the industrial products company’s stock valued at $1,782,000 after acquiring an additional 2,676 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of Mueller Industries by 8,040.2% in the third quarter. Catalyst Capital Advisors LLC now owns 19,455 shares of the industrial products company’s stock valued at $1,442,000 after acquiring an additional 19,216 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Mueller Industries by 4.4% in the third quarter. QRG Capital Management Inc. now owns 94,818 shares of the industrial products company’s stock valued at $7,026,000 after acquiring an additional 4,009 shares in the last quarter. 94.50% of the stock is currently owned by institutional investors.

Mueller Industries Price Performance

Mueller Industries stock opened at $93.52 on Friday. The firm has a 50 day simple moving average of $74.58 and a 200-day simple moving average of $65.66. The stock has a market capitalization of $10.64 billion, a PE ratio of 18.16 and a beta of 1.01. Mueller Industries, Inc. has a 12-month low of $37.54 and a 12-month high of $95.84.

Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.32 by $0.16. Mueller Industries had a net margin of 16.39% and a return on equity of 23.25%. The business had revenue of $997.80 million during the quarter, compared to analyst estimates of $936.00 million. The firm’s quarterly revenue was up 21.7% on a year-over-year basis.

Insider Activity at Mueller Industries

In related news, Director John B. Hansen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total transaction of $83,090.00. Following the completion of the sale, the director now directly owns 94,914 shares of the company’s stock, valued at $7,886,404.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John B. Hansen sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total transaction of $83,090.00. Following the completion of the sale, the director now directly owns 94,914 shares of the company’s stock, valued at $7,886,404.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory L. Christopher sold 45,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $67.73, for a total transaction of $3,047,850.00. Following the sale, the chief executive officer now directly owns 1,264,311 shares of the company’s stock, valued at approximately $85,631,784.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,000 shares of company stock valued at $6,626,940 over the last ninety days. Insiders own 2.80% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.