November 23, 2016 - By Clifton Ray
On 23/11/2016, the Chief Executive Officer of Mueller Industries Inc, Mr. Gregory Christopher, made a sale of amount company shares – 40,000, amounting to $1,521,308 USD, based on an average weighted cost of $38.0 per every share. This is not his first insider trade, in the last month, he sold another 25,000 shares worth $900,681 USD. Gregory Christopher now possess 482,103 shares of the Firm. This trade, which was filled on November 23, 2016 was disclosed in a report with the DC-based SEC.
Insitutional Activity: The institutional sentiment increased to 1.48 in Q2 2016. Its up 0.32, from 1.16 in 2016Q1. The ratio is positive, as 11 funds sold all Mueller Industries, Inc. shares owned while 47 reduced positions. 12 funds bought stakes while 55 increased positions. They now own 52.49 million shares or 0.52% less from 52.76 million shares in 2016Q1.
Guggenheim Capital Ltd Liability Co owns 164,358 shares or 0.02% of their US portfolio. Teachers Advisors last reported 0.03% of its portfolio in the stock. Teachers Retirement Sys Of The State Of Kentucky holds 0.01% of its portfolio in Mueller Industries, Inc. (NYSE:MLI) for 20,100 shares. Partners Ltd Liability Com owns 24,976 shares or 0.06% of their US portfolio. Keybank Natl Association Oh last reported 20,091 shares in the company. Creative Planning has 5,008 shares for 0% of their US portfolio. Fmr Ltd Liability Corp accumulated 5.16M shares or 0.02% of the stock. Panagora Asset holds 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI) for 10,328 shares. Prudential Financial reported 386,704 shares or 0.02% of all its holdings. Comerica Comml Bank has 0.02% invested in the company for 57,078 shares. Louisiana State Employees Retirement Systems owns 25,300 shares or 0.04% of their US portfolio. Da Davidson And last reported 4,469 shares in the company. Denali Advsrs Ltd Liability Corporation last reported 0% of its portfolio in the stock. Public Sector Pension Invest Board owns 40,338 shares or 0.01% of their US portfolio. Northern, a Illinois-based fund reported 700,688 shares.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 2 selling transactions for $1.03 million net activity. Another trade for 3,768 shares valued at $128,866 was made by CORMAN RICHARD W on Thursday, August 25. Christopher Gregory L. also sold $900,681 worth of Mueller Industries, Inc. (NYSE:MLI) on Monday, November 14. 6,460 Mueller Industries, Inc. (NYSE:MLI) shares with value of $200,841 were sold by FULVIO GENNARO J.
About 64,336 shares traded hands. Mueller Industries, Inc. (NYSE:MLI) has risen 22.34% since April 21, 2016 and is uptrending. It has outperformed by 17.01% the S&P500.
Mueller Industries, Inc. is a maker of copper, brass, aluminum and plastic products. The company has a market cap of $2.25 billion. The Firm operates through two divisions: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). It has a 22.52 P/E ratio. The Company’s Plumbing & Refrigeration segment consists of Standard Products (SPD), Great Lakes Copper Ltd. (Great Lakes), European Operations and Mexican Operations.
According to Zacks Investment Research, “Mueller Industries, Inc. is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; and fabricated tubular products. Mueller’s operations are located throughout the United States and in Canada, Mexico, Great Britain, and China. Mueller’s business is importantly linked to the construction of new homes; the improvement and reconditioning of existing homes and structures; and the commercial construction market which includes, office buildings, factories, hotels, hospitals, etc.”
Analysts await Mueller Industries, Inc. (NYSE:MLI) to report earnings on February, 7.
More recent Mueller Industries, Inc. (NYSE:MLI) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 18, 2011. Also Businesswire.com published the news titled: “Mueller Industries & Atlas Holdings Complete Tender Offer for Tecumseh ..” on September 21, 2015. Nasdaq.com‘s news article titled: “Mueller Industries Enters Oversold Territory” with publication date: October 26, 2016 was also an interesting one.
Mueller Industries, Inc. (Mueller), incorporated on October 3, 1990, is a maker of copper, brass, aluminum and plastic products. The Firm operates through two divisions: Plumbing & Refrigeration, and Original Equipment Manufacturers (OEM). The Company’s products include copper tube and fittings; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products; and steel nipples. The Firm also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products. Mueller’s activities are located throughout the United States and in Canada, Mexico, Great Britain, and China.
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By Clifton Ray