Mueller Industries, Inc. (NYSE:MLI) Stock Position Raised by Sittner & Nelson LLC

Sittner & Nelson LLC lifted its position in Mueller Industries, Inc. (NYSE:MLI) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,650 shares of the industrial products company’s stock after acquiring an additional 650 shares during the quarter. Sittner & Nelson LLC’s holdings in Mueller Industries were worth $122,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Olympiad Research LP lifted its position in Mueller Industries by 6.5% in the 3rd quarter. Olympiad Research LP now owns 6,615 shares of the industrial products company’s stock worth $490,000 after buying an additional 403 shares in the last quarter. WoodTrust Financial Corp purchased a new stake in Mueller Industries in the 3rd quarter worth approximately $230,000. Advisors Management Group Inc. ADV lifted its position in Mueller Industries by 12.5% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 24,042 shares of the industrial products company’s stock worth $1,782,000 after buying an additional 2,676 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in Mueller Industries by 8,040.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 19,455 shares of the industrial products company’s stock worth $1,442,000 after buying an additional 19,216 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in Mueller Industries by 4.4% in the 3rd quarter. QRG Capital Management Inc. now owns 94,818 shares of the industrial products company’s stock worth $7,026,000 after buying an additional 4,009 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Insider Transactions at Mueller Industries

In other news, CEO Gregory L. Christopher sold 45,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 1,264,311 shares in the company, valued at $85,631,784.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Gregory L. Christopher sold 45,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 1,264,311 shares in the company, valued at $85,631,784.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory L. Christopher sold 50,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $69.92, for a total transaction of $3,496,000.00. Following the transaction, the chief executive officer now owns 1,214,311 shares in the company, valued at approximately $84,904,625.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,000 shares of company stock worth $6,626,940 in the last 90 days. 2.80% of the stock is owned by insiders.

Mueller Industries Stock Down 1.6 %

MLI stock opened at $93.52 on Friday. Mueller Industries, Inc. has a 12-month low of $37.54 and a 12-month high of $95.84. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 18.16 and a beta of 1.01. The company has a 50 day moving average of $74.58 and a two-hundred day moving average of $65.66.

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

About Mueller Industries

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.