Mueller Industries, Inc. $MLI Stock Position Cut by Vest Financial LLC

Vest Financial LLC lowered its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 18.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,015,531 shares of the industrial products company’s stock after selling 226,989 shares during the period. Vest Financial LLC’s holdings in Mueller Industries were worth $61,551,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MLI. BlackRock Inc. bought a new stake in shares of Mueller Industries in the second quarter worth $1,437,555,000. First Trust Advisors LP increased its holdings in Mueller Industries by 0.6% in the first quarter. First Trust Advisors LP now owns 5,594,217 shares of the industrial products company’s stock valued at $619,839,000 after purchasing an additional 33,248 shares during the period. William Blair Investment Management LLC bought a new position in Mueller Industries during the 2nd quarter worth $244,156,000. Pictet Asset Management Holding SA raised its position in Mueller Industries by 136.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,674,939 shares of the industrial products company’s stock worth $185,561,000 after purchasing an additional 966,840 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Mueller Industries during the 2nd quarter worth $131,286,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Mueller Industries Stock Performance

NYSE:MLI opened at $57.56 on Thursday. Mueller Industries, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.12. The company has a 50 day simple moving average of $61.74 and a two-hundred day simple moving average of $63.59. The company has a market capitalization of $12.73 billion, a PE ratio of 14.76 and a beta of 1.08.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.08). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.28 billion. Mueller Industries had a return on equity of 25.51% and a net margin of 17.26%. The firm’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS.

Mueller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $0.1750 per share. The ex-dividend date was Friday, September 4th. This represents a $0.70 annualized dividend and a dividend yield of 1.2%. Mueller Industries’s dividend payout ratio is 17.95%.

Key Mueller Industries News

Here are the key news stories impacting Mueller Industries this week:

• Positive Sentiment: Fiscal third-quarter revenue rose 31.6% year over year to $1.42 billion, substantially exceeding analyst expectations of approximately $1.28 billion. Mueller Industries Fiscal Q3 Earnings, Sales Rise
• Positive Sentiment: Mueller generated $337 million in operating cash flow, ended the quarter with $1.48 billion in cash and short-term investments, and repurchased 3.2 million shares for $201.9 million—supportive of shareholder returns and financial flexibility. Mueller Industries Q3 Revenue Rises 32% to $1.42 Billion
• Positive Sentiment: Higher copper prices, with COMEX copper averaging $6.48 per pound—up 34.2% from the prior-year period—helped support the sharp increase in reported sales. Mueller Industries Q3 Sales Strengthen
• Neutral Sentiment: Operating income increased modestly to $281.6 million from $276.1 million, while net income rose to $221.2 million from $208.1 million, indicating that revenue growth translated into only limited operating-profit improvement. Mueller Industries Reports Earnings Results
• Negative Sentiment: Adjusted diluted EPS was $1.00, below the consensus estimate of $1.08. The earnings shortfall prompted a post-report decline and pushed the stock to a four-month low. Mueller Industries Shares Fall After Earnings Miss
• Negative Sentiment: MLI trades about 21% below its 52-week high, underscoring weakened momentum following the earnings disappointment. Mueller Industries Stock Below 52-Week High
• Negative Sentiment: Recent insider activity was entirely selling, including substantial share sales by the CEO and CFO, which may weigh on investor sentiment. Mueller Industries Q3 Revenue and Insider Activity

Insider Transactions at Mueller Industries

In related news, Director Scott Goldman sold 2,000 shares of Mueller Industries stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $64.08, for a total transaction of $128,160.00. Following the completion of the transaction, the director owned 79,734 shares of the company’s stock, valued at $5,109,354.72. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory Christopher sold 200,000 shares of Mueller Industries stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $68.44, for a total transaction of $13,688,000.00. Following the transaction, the chief executive officer directly owned 1,598,850 shares of the company’s stock, valued at $109,425,294. This represents a 11.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 275,444 shares of company stock worth $18,885,398 over the last three months. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on MLI. Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Thursday, July 16th. Wall Street Zen cut Mueller Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $75.00.

Mueller Industries Profile

Mueller Industries, Inc is a manufacturer of metal and plastic products used in plumbing, heating, ventilation, air conditioning, refrigeration, fire protection, water distribution, and industrial applications. Its product portfolio includes copper, brass, aluminum, and steel tubing; fittings; valves; copper and plastic piping systems; and related components.

The company sells products primarily through wholesale distributors, original equipment manufacturers, building-supply outlets, and other industrial channels.