Public Employees Retirement System of Ohio Buys Shares of 37,123 Mueller Industries, Inc. $MLI

Posted by Brenda Bartman on Sep 3rd, 2026

Public Employees Retirement System of Ohio bought a new position in shares of Mueller Industries, Inc. (NYSE:MLI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 37,123 shares of the industrial products company’s stock, valued at approximately $4,564,000.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Mueller Industries by 10.7% in the first quarter. NewEdge Advisors LLC now owns 14,722 shares of the industrial products company’s stock worth $1,121,000 after purchasing an additional 1,420 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mueller Industries by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 230,671 shares of the industrial products company’s stock valued at $17,563,000 after buying an additional 3,316 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Mueller Industries in the 1st quarter valued at $524,000. Northwestern Mutual Wealth Management Co. raised its stake in Mueller Industries by 108.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 501 shares of the industrial products company’s stock worth $40,000 after buying an additional 261 shares during the period. Finally, CW Advisors LLC raised its stake in Mueller Industries by 4.0% during the 2nd quarter. CW Advisors LLC now owns 3,641 shares of the industrial products company’s stock worth $289,000 after buying an additional 140 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Mueller Industries Stock Performance

NYSE MLI opened at $62.19 on Thursday. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 16.20 and a beta of 1.10. The stock’s 50 day moving average price is $62.79 and its two-hundred day moving average price is $62.66. Mueller Industries, Inc. has a 52 week low of $47.31 and a 52 week high of $71.12.

Mueller Industries (NYSE:MLI – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04. Mueller Industries had a net margin of 18.25% and a return on equity of 25.68%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $1.96 EPS. The business’s quarterly revenue was up 25.5% on a year-over-year basis.

Mueller Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, September 4th. This represents a $0.70 annualized dividend and a yield of 1.1%. Mueller Industries’s dividend payout ratio is presently 18.23%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MLI. Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, July 16th. Wall Street Zen lowered Mueller Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $75.00.

View Our Latest Stock Report on Mueller Industries

Insider Activity at Mueller Industries

In other Mueller Industries news, CEO Gregory L. Christopher sold 200,000 shares of Mueller Industries stock in a transaction on 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 sale, the chief executive officer directly owned 1,598,850 shares in the company, valued at approximately $109,425,294. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Jay Goldman sold 2,000 shares of the business’s 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 directly owned 79,734 shares in the company, valued at $5,109,354.72. This trade represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 275,444 shares of company stock valued at $18,885,398. Corporate insiders own 2.30% of the company’s stock.

Mueller Industries Profile

(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.