13,457 Mueller Industries, Inc. $MLI Shares Bought by IFP Advisors Inc

IFP Advisors Inc grew its position in Mueller Industries, Inc. (NYSE:MLI) by 94.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,655 shares of the industrial products company’s stock after purchasing an additional 13,457 shares during the quarter. IFP Advisors Inc’s holdings in Mueller Industries were worth $1,676,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MLI. SJS Investment Consulting Inc. boosted its stake in Mueller Industries by 28.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 371 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 82 shares during the period. Root Financial Partners LLC grew its holdings in Mueller Industries by 19.6% in the 1st quarter. Root Financial Partners LLC now owns 512 shares of the industrial products company’s stock valued at $57,000 after buying an additional 84 shares in the last quarter. Jackson Thornton Wealth Management LLC grew its holdings in Mueller Industries by 2.3% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 4,431 shares of the industrial products company’s stock valued at $537,000 after buying an additional 101 shares in the last quarter. NBT Bank N A NY grew its holdings in Mueller Industries by 148.7% in the 1st quarter. NBT Bank N A NY now owns 286 shares of the industrial products company’s stock valued at $32,000 after buying an additional 171 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in Mueller Industries by 3.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,727 shares of the industrial products company’s stock worth $524,000 after buying an additional 174 shares during the period. Institutional investors own 94.50% of the company’s stock.

Mueller Industries Trading Up 1.3%

Shares of MLI opened at $57.56 on Thursday. Mueller Industries, Inc. has a 12 month low of $51.20 and a 12 month high of $71.12. The firm’s 50 day moving average is $61.74 and its 200-day moving average is $63.59. The stock has a market capitalization of $12.73 billion, a PE ratio of 14.76 and a beta of 1.08.

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

Mueller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Mueller Industries’s dividend payout ratio (DPR) is 18.23%.

Insiders Place Their Bets

In other news, CEO Gregory L. Christopher sold 200,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $68.44, for a total transaction of $13,688,000.00. Following the completion of the sale, the chief executive officer directly owned 1,598,850 shares in the company, valued at approximately $109,425,294. This represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott Goldman sold 2,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $64.08, for a total value of $128,160.00. Following the sale, the director owned 79,734 shares of the company’s stock, valued at approximately $5,109,354.72. The trade was a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 275,444 shares of company stock worth $18,885,398 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MLI shares. Wall Street Zen downgraded Mueller Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, October 15th. Finally, Northcoast Research upgraded shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Thursday, July 16th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, Mueller Industries has a consensus rating of “Buy” and a consensus price target of $75.00.

Mueller Industries News Summary

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

Mueller Industries Company 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.