Savant Capital LLC Acquires 9,975 Shares of Mueller Industries, Inc. $MLI

Savant Capital LLC boosted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 239.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,145 shares of the industrial products company’s stock after acquiring an additional 9,975 shares during the quarter. Savant Capital LLC’s holdings in Mueller Industries were worth $1,430,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MLI. Employees Retirement System of Texas acquired a new stake in Mueller Industries in the second quarter worth about $34,000. Root Financial Partners LLC acquired a new stake in shares of Mueller Industries during the 3rd quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Mueller Industries by 108.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 501 shares of the industrial products company’s stock worth $40,000 after buying an additional 261 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Mueller Industries in the third quarter valued at approximately $46,000. Finally, Hantz Financial Services Inc. boosted its stake in Mueller Industries by 234.8% in the third quarter. Hantz Financial Services Inc. now owns 663 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 465 shares during the last quarter. 94.50% of the stock is owned by institutional investors.

Insider Transactions at Mueller Industries

In other Mueller Industries news, Director John B. Hansen sold 1,000 shares of Mueller Industries stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $116.71, for a total value of $116,710.00. Following the sale, the director owned 90,664 shares of the company’s stock, valued at $10,581,395.44. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott Jay Goldman sold 4,234 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $108.64, for a total value of $459,981.76. Following the transaction, the director directly owned 41,745 shares of the company’s stock, valued at $4,535,176.80. This represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MLI has been the subject of several recent research reports. Wall Street Zen cut shares of Mueller Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Mueller Industries presently has a consensus rating of “Buy”.

Mueller Industries Price Performance

NYSE MLI opened at $116.02 on Tuesday. Mueller Industries, Inc. has a one year low of $66.84 and a one year high of $139.29. The firm has a market cap of $12.88 billion, a P/E ratio of 16.89 and a beta of 1.03. The stock’s 50-day moving average is $121.29 and its 200-day moving average is $106.96.

About Mueller Industries

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.