Private Advisor Group LLC Trims Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Private Advisor Group LLC lessened its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 22.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,862 shares of the industrial products company’s stock after selling 1,738 shares during the period. Private Advisor Group LLC’s holdings in Mueller Industries were worth $434,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Mueller Industries by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company’s stock worth $666,524,000 after buying an additional 59,060 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Mueller Industries by 6.1% in the 1st quarter. Westfield Capital Management Co. LP now owns 168,849 shares of the industrial products company’s stock worth $9,106,000 after purchasing an additional 9,719 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Mueller Industries by 314.6% in the 2nd quarter. SG Americas Securities LLC now owns 38,041 shares of the industrial products company’s stock worth $2,166,000 after purchasing an additional 28,865 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Mueller Industries by 24.0% in the 1st quarter. Janus Henderson Group PLC now owns 110,713 shares of the industrial products company’s stock worth $5,971,000 after purchasing an additional 21,404 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Mueller Industries by 36.5% in the 3rd quarter. Creative Planning now owns 40,081 shares of the industrial products company’s stock worth $2,970,000 after purchasing an additional 10,714 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

Insider Activity at Mueller Industries

In related news, Director John B. Hansen sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the sale, the director now directly owns 94,914 shares in the company, valued at $7,886,404.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John B. Hansen sold 8,000 shares of Mueller Industries stock in a transaction on Friday, August 9th. The stock was sold at an average price of $67.24, for a total transaction of $537,920.00. Following the transaction, the director now directly owns 95,914 shares in the company, valued at approximately $6,449,257.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Hansen sold 1,000 shares of Mueller Industries stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total value of $83,090.00. Following the transaction, the director now owns 94,914 shares in the company, valued at approximately $7,886,404.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,000 shares of company stock worth $7,164,860 in the last three months. 2.80% of the stock is owned by company insiders.

Mueller Industries Trading Up 1.9 %

Shares of NYSE MLI opened at $83.00 on Tuesday. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 16.12 and a beta of 1.01. Mueller Industries, Inc. has a 12-month low of $37.54 and a 12-month high of $84.11. The stock’s 50 day simple moving average is $73.09 and its 200 day simple moving average is $64.81.

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

Mueller Industries 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.