Machina Capital S.A.S. Purchases Shares of 6,169 Mueller Industries, Inc. $MLI

Machina Capital S.A.S. acquired a new position in shares of Mueller Industries, Inc. (NYSE:MLI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,169 shares of the industrial products company’s stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Employees Retirement System of Texas purchased a new stake in Mueller Industries during the second quarter valued at about $34,000. Root Financial Partners LLC acquired a new stake in shares of Mueller Industries during the third quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Mueller Industries by 108.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 501 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 261 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Mueller Industries in the 3rd quarter valued at approximately $46,000. Finally, Hantz Financial Services Inc. grew its position in Mueller Industries by 234.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 663 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 465 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

Mueller Industries Stock Performance

Shares of MLI opened at $115.33 on Friday. The company has a market capitalization of $12.80 billion, a PE ratio of 16.79 and a beta of 1.03. The company’s 50 day moving average price is $121.00 and its 200 day moving average price is $106.24. Mueller Industries, Inc. has a 52 week low of $66.84 and a 52 week high of $139.29.

Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.28). Mueller Industries had a net margin of 18.31% and a return on equity of 24.70%. The company had revenue of $962.39 million for the quarter, compared to analyst estimates of $928.00 million. During the same period last year, the business earned $1.21 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Insider Transactions at Mueller Industries

In other Mueller Industries news, Director Scott Jay Goldman sold 4,234 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $108.64, for a total value of $459,981.76. Following the transaction, the director owned 41,745 shares in the company, valued at $4,535,176.80. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.