Mueller Industries (NYSE:MLI) Shares Down 6.7% After Analyst Downgrade

Posted by Brian Himes on May 28th, 2026

Shares of Mueller Industries, Inc. (NYSE:MLI – Get Free Report) dropped 6.7% during mid-day trading on Thursday after Northcoast Research downgraded the stock from a buy rating to a neutral rating. The company traded as low as $127.52 and last traded at $126.65. Approximately 65,144 shares traded hands during trading, a decline of 91% from the average daily volume of 755,592 shares. The stock had previously closed at $135.79.

A number of other brokerages have also recently commented on MLI. Wall Street Zen raised Mueller Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Report on MLI

Insider Buying and Selling at Mueller Industries

In related news, CEO Gregory L. Christopher sold 103,266 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $137.29, for a total value of $14,177,389.14. Following the transaction, the chief executive officer owned 804,911 shares of the company’s stock, valued at approximately $110,506,231.19. This trade represents a 11.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Glenmede Trust Co. NA boosted its position in shares of Mueller Industries by 4.5% during the first quarter. Glenmede Trust Co. NA now owns 13,954 shares of the industrial products company’s stock valued at $1,546,000 after buying an additional 603 shares during the last quarter. BankChampaign National Association purchased a new stake in Mueller Industries in the 1st quarter valued at $1,222,000. Janus Henderson Group PLC raised its position in Mueller Industries by 11.6% in the 1st quarter. Janus Henderson Group PLC now owns 676,052 shares of the industrial products company’s stock valued at $74,907,000 after buying an additional 70,433 shares during the last quarter. Bull Harbor Capital LLC bought a new position in Mueller Industries during the 1st quarter valued at $1,289,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Mueller Industries by 11.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,990 shares of the industrial products company’s stock worth $664,000 after acquiring an additional 629 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

Mueller Industries Trading Down 8.0%

The stock has a market capitalization of $13.82 billion, a PE ratio of 16.41 and a beta of 1.13. The stock’s fifty day simple moving average is $125.28 and its 200-day simple moving average is $120.36.

Mueller Industries (NYSE:MLI – Get Free Report) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.49 by $0.67. Mueller Industries had a net margin of 19.37% and a return on equity of 25.97%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis.

Mueller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be paid a $0.35 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.40 annualized dividend and a yield of 1.1%. Mueller Industries’s dividend payout ratio (DPR) is 18.32%.

About Mueller Industries

(Get Free Report)

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.