Mueller Industries, Inc. (NYSE:MLI) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 20.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 405,618 shares of the industrial products company’s stock after buying an additional 68,633 shares during the period. New York State Common Retirement Fund owned 0.36% of Mueller Industries worth $30,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MLI. First Trust Direct Indexing L.P. acquired a new stake in shares of Mueller Industries during the 1st quarter worth approximately $210,000. Van ECK Associates Corp lifted its stake in Mueller Industries by 36.5% in the first quarter. Van ECK Associates Corp now owns 47,059 shares of the industrial products company’s stock valued at $2,538,000 after buying an additional 12,586 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Mueller Industries during the first quarter valued at $461,000. Capstone Investment Advisors LLC bought a new position in shares of Mueller Industries during the first quarter worth about $689,000. Finally, Jennison Associates LLC increased its holdings in shares of Mueller Industries by 2.3% in the 1st quarter. Jennison Associates LLC now owns 20,563 shares of the industrial products company’s stock worth $1,109,000 after acquiring an additional 469 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.

Insider Transactions at Mueller Industries

In related news, Director John B. Hansen sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the sale, the director now 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 SEC, which is available through the SEC website. In related news, Director John B. Hansen sold 1,000 shares of the business’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 transaction of $83,090.00. Following the sale, the director now owns 94,914 shares of the company’s stock, valued at $7,886,404.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 on Wednesday, August 14th. The shares were sold at an average price of $67.73, for a total value of $3,047,850.00. Following the transaction, the chief executive officer now directly owns 1,264,311 shares of the company’s stock, valued at approximately $85,631,784.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,000 shares of company stock valued at $7,164,860. 2.80% of the stock is currently owned by corporate insiders.

Mueller Industries Stock Down 0.6 %

Mueller Industries stock opened at $81.46 on Monday. Mueller Industries, Inc. has a 52-week low of $37.54 and a 52-week high of $84.11. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 15.82 and a beta of 1.01. The firm has a 50-day moving average price of $73.09 and a two-hundred day moving average price of $64.72.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings data 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. The business had revenue of $997.80 million during the quarter, compared to analyst estimates of $936.00 million. Mueller Industries had a return on equity of 23.25% and a net margin of 16.39%. Mueller Industries’s revenue for the quarter was up 21.7% compared to the same quarter last year.

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.