Mueller Industries (NYSE:MLI) Director Sells 2,000 Shares

Posted by Geri Gentry on Aug 27th, 2026

Mueller Industries, Inc. (NYSE:MLI – Get Free Report) Director Scott Jay Goldman sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $64.08, for a total transaction of $128,160.00. Following the completion of the sale, the director directly owned 79,734 shares of the company’s stock, valued at $5,109,354.72. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Mueller Industries Trading Down 0.6%

Mueller Industries stock traded down $0.35 during midday trading on Thursday, hitting $63.73. 487,139 shares of the stock were exchanged, compared to its average volume of 1,488,439. The stock’s 50-day simple moving average is $63.37 and its 200 day simple moving average is $62.55. Mueller Industries, Inc. has a fifty-two week low of $47.11 and a fifty-two week high of $71.12. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 16.60 and a beta of 1.11.

Mueller Industries (NYSE:MLI – Get Free Report) last posted its earnings results on Tuesday, July 21st. The industrial products company reported $1.13 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $1.96 EPS. Mueller Industries’s revenue was up 25.5% on a year-over-year basis.

Mueller Industries Dividend Announcement

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

Hedge Funds Weigh In On Mueller Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of MLI. Crossmark Global Holdings Inc. lifted its position in shares of Mueller Industries by 337.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 28,977 shares of the industrial products company’s stock worth $3,327,000 after purchasing an additional 22,347 shares in the last quarter. Vanguard Group Inc. increased its stake in Mueller Industries by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 10,515,780 shares of the industrial products company’s stock worth $1,207,212,000 after buying an additional 260,306 shares during the period. Horizon Investments LLC lifted its holdings in Mueller Industries by 12.7% during the 4th quarter. Horizon Investments LLC now owns 72,199 shares of the industrial products company’s stock worth $8,288,000 after buying an additional 8,137 shares in the last quarter. JLB & Associates Inc. acquired a new position in shares of Mueller Industries in the fourth quarter worth $5,342,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Mueller Industries in the fourth quarter worth $15,268,000. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Northcoast Research upgraded shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Industries in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Mueller Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $75.00.

Check Out Our Latest Stock Analysis on Mueller Industries

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.