Mueller Industries, Inc. $MLI Stock Acquired by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. increased its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 100.0% in the third quarter, HoldingsChannel.com reports. The firm owned 25,732 shares of the industrial products company’s stock after acquiring an additional 12,869 shares during the quarter. Mueller Industries comprises 1.1% of Oakmont Investment Advisors Inc.’s holdings, making the stock its 27th largest position. Oakmont Investment Advisors Inc.’s holdings in Mueller Industries were worth $1,560,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MLI. Crossmark Global Holdings Inc. lifted its holdings in Mueller Industries by 176.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 75,224 shares of the industrial products company’s stock worth $4,559,000 after buying an additional 48,031 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in shares of Mueller Industries by 100.7% during the 3rd quarter. Strengthening Families & Communities LLC now owns 570 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 286 shares in the last quarter. City State Bank boosted its position in shares of Mueller Industries by 103.7% during the 3rd quarter. City State Bank now owns 3,426 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 1,744 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Mueller Industries by 102.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 26,056 shares of the industrial products company’s stock valued at $1,603,000 after acquiring an additional 13,203 shares during the last quarter. Finally, Carnegie Investment Counsel increased its holdings in shares of Mueller Industries by 85.3% in the 3rd quarter. Carnegie Investment Counsel now owns 5,024 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 2,312 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Key Mueller Industries News

Here are the key news stories impacting Mueller Industries this week:

• Positive Sentiment: Fiscal third-quarter revenue rose 31.6% year over year to $1.42 billion, substantially exceeding analyst expectations of approximately $1.28 billion. Mueller Industries Fiscal Q3 Earnings, Sales Rise
• Positive Sentiment: Mueller generated $337 million in operating cash flow, ended the quarter with $1.48 billion in cash and short-term investments, and repurchased 3.2 million shares for $201.9 million—supportive of shareholder returns and financial flexibility. Mueller Industries Q3 Revenue Rises 32% to $1.42 Billion
• Positive Sentiment: Higher copper prices, with COMEX copper averaging $6.48 per pound—up 34.2% from the prior-year period—helped support the sharp increase in reported sales. Mueller Industries Q3 Sales Strengthen
• Neutral Sentiment: Operating income increased modestly to $281.6 million from $276.1 million, while net income rose to $221.2 million from $208.1 million, indicating that revenue growth translated into only limited operating-profit improvement. Mueller Industries Reports Earnings Results
• Negative Sentiment: Adjusted diluted EPS was $1.00, below the consensus estimate of $1.08. The earnings shortfall prompted a post-report decline and pushed the stock to a four-month low. Mueller Industries Shares Fall After Earnings Miss
• Negative Sentiment: MLI trades about 21% below its 52-week high, underscoring weakened momentum following the earnings disappointment. Mueller Industries Stock Below 52-Week High
• Negative Sentiment: Recent insider activity was entirely selling, including substantial share sales by the CEO and CFO, which may weigh on investor sentiment. Mueller Industries Q3 Revenue and Insider Activity

Insiders Place Their Bets

In other news, Director Scott Goldman sold 2,000 shares of Mueller Industries stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $64.08, for a total transaction of $128,160.00. Following the sale, the director owned 79,734 shares in the company, valued at approximately $5,109,354.72. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory Christopher sold 200,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.44, for a total value of $13,688,000.00. Following the completion of the sale, the chief executive officer directly owned 1,598,850 shares of the company’s stock, valued at $109,425,294. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 275,444 shares of company stock valued at $18,885,398. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MLI has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Industries in a research report on Thursday, October 15th. Wall Street Zen downgraded Mueller Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $75.00.

Mueller Industries Price Performance

NYSE MLI opened at $57.56 on Thursday. The firm’s fifty day moving average price is $61.74 and its 200 day moving average price is $63.59. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 14.76 and a beta of 1.08. Mueller Industries, Inc. has a 12 month low of $51.20 and a 12 month high of $71.12.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, October 20th. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.08). Mueller Industries had a net margin of 17.26% and a return on equity of 25.51%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $1.88 earnings per share. Mueller Industries’s revenue was up 31.6% on a year-over-year basis.

Mueller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a dividend of $0.1750 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.70 annualized dividend and a dividend yield of 1.2%. Mueller Industries’s dividend payout ratio (DPR) is presently 17.95%.

Mueller Industries Profile

Mueller Industries, Inc is a manufacturer of metal and plastic products used in plumbing, heating, ventilation, air conditioning, refrigeration, fire protection, water distribution, and industrial applications. Its product portfolio includes copper, brass, aluminum, and steel tubing; fittings; valves; copper and plastic piping systems; and related components.

The company sells products primarily through wholesale distributors, original equipment manufacturers, building-supply outlets, and other industrial channels.