The Manufacturers Life Insurance Company Takes Position in Mueller Industries, Inc. $MLI

Posted by Brian Himes on Sep 1st, 2026

The Manufacturers Life Insurance Company purchased a new position in Mueller Industries, Inc. (NYSE:MLI – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 78,457 shares of the industrial products company’s stock, valued at approximately $9,645,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MLI. Crossmark Global Holdings Inc. grew its position in 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 buying an additional 22,347 shares in the last quarter. Vanguard Group Inc. raised its holdings in Mueller Industries by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 10,515,780 shares of the industrial products company’s stock valued at $1,207,212,000 after acquiring an additional 260,306 shares in the last quarter. Horizon Investments LLC raised its holdings in Mueller Industries by 12.7% in the 4th quarter. Horizon Investments LLC now owns 72,199 shares of the industrial products company’s stock valued at $8,288,000 after acquiring an additional 8,137 shares in the last quarter. JLB & Associates Inc. bought a new stake in shares of Mueller Industries in the 4th quarter worth approximately $5,342,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Mueller Industries in the 4th quarter worth approximately $15,268,000. Institutional investors own 94.50% of the company’s stock.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, CEO Gregory L. Christopher sold 200,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.44, for a total transaction of $13,688,000.00. Following the sale, the chief executive officer directly owned 1,598,850 shares of the company’s stock, valued at approximately $109,425,294. This represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Hansen sold 2,444 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $67.72, for a total transaction of $165,507.68. Following the sale, the director directly owned 181,328 shares of the company’s stock, valued at approximately $12,279,532.16. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 275,444 shares of company stock worth $18,885,398 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MLI. Northcoast Research upgraded Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Thursday, July 16th. Wall Street Zen cut 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 research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mueller Industries currently has an average rating of “Buy” and an average price target of $75.00.

Get Our Latest Research Report on MLI

Mueller Industries Stock Performance

Shares of NYSE MLI opened at $62.45 on Tuesday. Mueller Industries, Inc. has a 52-week low of $47.11 and a 52-week high of $71.12. The business has a fifty day moving average of $63.02 and a two-hundred day moving average of $62.64. The stock has a market cap of $13.81 billion, a PE ratio of 16.26 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, topping the consensus estimate of $1.09 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.27 billion. Mueller Industries had a net margin of 18.25% and a return on equity of 25.68%. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS.

Mueller Industries Announces Dividend

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

About Mueller Industries

(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.