Key Points
- Director Scott Jay Goldman sold 4,430 shares of Mueller Industries on Feb. 13 at an average price of $118.97 for $527,037.10, leaving him with 41,645 shares—a 9.61% reduction in his ownership stake.
- Goldman also sold 4,234 shares on Nov. 25 at $108.64 (~$460k), indicating multiple recent insider sales.
- MLI trades with a market cap of $13.25B and a P/E of 17.37 (52‑week range $66.84–$139.29), and has seen a recent analyst shift: Wall Street Zen downgraded the stock to a "hold" while Weiss reiterated a "buy," with MarketBeat's average rating remaining "Buy."
Mueller Industries, Inc. (NYSE:MLI - Get Free Report) Director Scott Jay Goldman sold 4,430 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $118.97, for a total value of $527,037.10. Following the completion of the sale, the director owned 41,645 shares of the company's stock, valued at $4,954,505.65. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Scott Jay Goldman also recently made the following trade(s):
- On Tuesday, November 25th, Scott Jay Goldman sold 4,234 shares of Mueller Industries stock. The shares were sold at an average price of $108.64, for a total value of $459,981.76.
Mueller Industries Stock Performance
Shares of MLI opened at $119.36 on Friday. The stock has a market capitalization of $13.25 billion, a PE ratio of 17.37 and a beta of 1.03. The company has a 50 day moving average price of $121.87 and a 200-day moving average price of $107.56. Mueller Industries, Inc. has a fifty-two week low of $66.84 and a fifty-two week high of $139.29.
Analyst Ratings Changes
MLI has been the subject of several recent research reports. Wall Street Zen lowered Mueller Industries from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Mueller Industries in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy".
Read Our Latest Stock Report on MLI
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in MLI. Fifth Third Bancorp raised its stake in Mueller Industries by 2.2% in the fourth quarter. Fifth Third Bancorp now owns 3,485 shares of the industrial products company's stock valued at $400,000 after buying an additional 75 shares during the last quarter. US Asset Management LLC increased its holdings in shares of Mueller Industries by 3.5% during the fourth quarter. US Asset Management LLC now owns 2,425 shares of the industrial products company's stock valued at $278,000 after acquiring an additional 81 shares in the last quarter. Florida Financial Advisors LLC increased its holdings in shares of Mueller Industries by 3.7% during the fourth quarter. Florida Financial Advisors LLC now owns 2,510 shares of the industrial products company's stock valued at $288,000 after acquiring an additional 89 shares in the last quarter. Aviance Capital Partners LLC raised its position in shares of Mueller Industries by 2.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 4,235 shares of the industrial products company's stock valued at $428,000 after purchasing an additional 97 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Mueller Industries by 4.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,100 shares of the industrial products company's stock worth $241,000 after purchasing an additional 99 shares in the last quarter. 94.50% of the stock is currently owned by hedge funds and other institutional investors.
About Mueller Industries
(
Get Free Report)
Mueller Industries, Inc is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products. Headquartered in Memphis, Tennessee, the company serves a wide range of markets including HVAC (heating, ventilation and air conditioning), refrigeration, plumbing, industrial gas, automotive and agricultural sectors. Its product portfolio encompasses copper and plastic tubing, brass fittings, valves and related components designed for fluid handling and temperature control applications.
The company operates through multiple business segments, including the Plumbing & Refrigeration segment, which supplies copper and plastic tubing, fittings and valves for residential and commercial construction markets; the Industrial Metals & Mining segment, which provides aluminum shapes and specialty brass products for industrial applications; and the Climate segment, which focuses on copper tubing and components for air conditioning and refrigeration systems.
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