Mueller Industries (NYSE:MLI) Director Scott Jay Goldman Sells 4,430 Shares

Mueller Industries, Inc. (NYSE:MLI) Director Scott Jay Goldman sold 4,430 shares of Mueller Industries stock in a transaction on Friday, February 13th. The shares were 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 $4,954,505.65. The trade was a 9.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Scott Jay Goldman also recently made the following trade(s):

• On Tuesday, November 25th, Scott Jay Goldman sold 4,234 shares of Mueller Industries stock. The shares were sold at an average price of $108.64, for a total transaction of $459,981.76.

Mueller Industries Stock Performance

Shares of NYSE MLI opened at $119.36 on Friday. The firm’s 50 day moving average price is $121.87 and its 200-day moving average price is $107.56. Mueller Industries, Inc. has a 52-week low of $66.84 and a 52-week high of $139.29. The company has a market cap of $13.25 billion, a PE ratio of 17.37 and a beta of 1.03.

Analyst Upgrades and Downgrades

MLI has been the subject of several research analyst reports. Wall Street Zen downgraded Mueller Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Mueller Industries presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Mueller Industries

Several hedge funds and other institutional investors have recently modified their holdings of MLI. Savant Capital LLC grew its holdings in Mueller Industries by 239.2% during the 3rd quarter. Savant Capital LLC now owns 14,145 shares of the industrial products company’s stock valued at $1,430,000 after purchasing an additional 9,975 shares during the last quarter. Ballast Asset Management LP purchased a new position in Mueller Industries during the 3rd quarter valued at $3,057,000. Entropy Technologies LP bought a new position in Mueller Industries in the 2nd quarter valued at $658,000. Ariose Capital Management Ltd purchased a new stake in Mueller Industries in the third quarter worth $3,904,000. Finally, Lecap Asset Management Ltd. purchased a new position in Mueller Industries in the 3rd quarter worth about $1,503,000. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

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.