Fiera Capital Corp Sells 10,816 Shares of Mueller Industries, Inc. (NYSE:MLI)

Fiera Capital Corp lessened its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 468,970 shares of the industrial products company’s stock after selling 10,816 shares during the period. Fiera Capital Corp owned 0.41% of Mueller Industries worth $37,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Mueller Industries by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 146 shares during the period. Westside Investment Management Inc. bought a new stake in shares of Mueller Industries during the 3rd quarter valued at about $41,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mueller Industries during the fourth quarter worth approximately $53,000. City State Bank bought a new stake in Mueller Industries in the fourth quarter worth approximately $58,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Mueller Industries in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Insider Transactions at Mueller Industries

In other Mueller Industries news, Director Scott Jay Goldman sold 10,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $79.81, for a total transaction of $798,100.00. Following the transaction, the director now owns 56,098 shares in the company, valued at approximately $4,477,181.38. This represents a 15.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of Mueller Industries stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the transaction, the director now owns 17,733 shares of the company’s stock, valued at $1,632,145.32. This represents a 45.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Mueller Industries Trading Up 1.6 %

Shares of NYSE MLI opened at $80.73 on Friday. The firm has a market capitalization of $9.18 billion, a P/E ratio of 15.20 and a beta of 0.98. The firm’s 50-day moving average price is $80.33 and its 200-day moving average price is $77.24. Mueller Industries, Inc. has a 1-year low of $47.46 and a 1-year high of $96.81.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research raised shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Wednesday, December 11th.

Mueller Industries Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.