WealthBridge Capital Management LLC Has $328,000 Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

WealthBridge Capital Management LLC lifted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 28.7% during the fourth quarter, Holdings Channel reports. The firm owned 4,135 shares of the industrial products company’s stock after purchasing an additional 923 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Mueller Industries were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in shares of Mueller Industries during the third quarter worth $41,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mueller Industries during the fourth quarter worth $53,000. City State Bank acquired a new stake in shares of Mueller Industries during the fourth quarter worth $58,000. GAMMA Investing LLC raised its position in shares of Mueller Industries by 46.7% during the fourth quarter. GAMMA Investing LLC now owns 810 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 258 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Mueller Industries during the third quarter worth $64,000. 94.50% of the stock is owned by institutional investors and hedge funds.

Mueller Industries Trading Down 0.9 %

NYSE:MLI opened at $81.57 on Thursday. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 15.36 and a beta of 0.98. Mueller Industries, Inc. has a 1-year low of $47.46 and a 1-year high of $96.81. The business’s fifty day moving average price is $80.44 and its 200 day moving average price is $77.64.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

Insider Activity at Mueller Industries

In other Mueller Industries news, Director Scott Jay Goldman sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $79.81, for a total value of $798,100.00. Following the transaction, the director now directly owns 56,098 shares of the company’s stock, valued at $4,477,181.38. This represents a 15.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, December 11th.

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.