Caprock Group LLC Makes New $601,000 Investment in Mueller Industries, Inc. $MLI

Caprock Group LLC bought a new position in shares of Mueller Industries, Inc. (NYSE:MLI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,264 shares of the industrial products company’s stock, valued at approximately $601,000.

A number of other large investors have also recently bought and sold shares of the business. ING Groep NV acquired a new position in Mueller Industries during the 3rd quarter valued at approximately $6,249,000. Krilogy Financial LLC bought a new position in Mueller Industries in the 3rd quarter worth approximately $825,000. MQS Management LLC acquired a new stake in Mueller Industries in the 3rd quarter valued at approximately $274,000. Applied Finance Capital Management LLC bought a new stake in Mueller Industries during the 3rd quarter valued at $224,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Mueller Industries during the 3rd quarter worth $61,000. Institutional investors own 94.50% of the company’s stock.

Mueller Industries Price Performance

NYSE MLI opened at $119.36 on Tuesday. Mueller Industries, Inc. has a 12 month low of $66.84 and a 12 month high of $139.29. The company has a market capitalization of $13.25 billion, a P/E ratio of 17.37 and a beta of 1.03. The company’s 50 day simple moving average is $122.02 and its 200 day simple moving average is $108.08.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MLI. Wall Street Zen cut shares of Mueller Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Insiders Place Their Bets

In related news, Director Scott Jay Goldman sold 4,430 shares of Mueller Industries stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $118.97, for a total value of $527,037.10. Following the transaction, the director owned 41,645 shares of the company’s stock, valued at approximately $4,954,505.65. This trade represents a 9.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John B. Hansen sold 1,000 shares of the business’s 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 in the company, valued at approximately $10,581,395.44. The trade was a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,664 shares of company stock worth $1,103,729 over the last 90 days. Insiders own 2.70% of the company’s stock.

Mueller Industries Company Profile

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.