Squarepoint Ops LLC Reduces Stake in Mueller Industries, Inc. $MLI

Posted by Stanley Muller on Sep 19th, 2026

Squarepoint Ops LLC lessened its stake in Mueller Industries, Inc. (NYSE:MLI – Free Report) by 62.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,465 shares of the industrial products company’s stock after selling 10,685 shares during the period. Squarepoint Ops LLC’s holdings in Mueller Industries were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Mueller Industries during the 2nd quarter worth approximately $1,437,555,000. First Trust Advisors LP increased its stake in Mueller Industries by 0.6% in the 1st quarter. First Trust Advisors LP now owns 5,594,217 shares of the industrial products company’s stock valued at $619,839,000 after buying an additional 33,248 shares during the period. Geode Capital Management LLC raised its stake in shares of Mueller Industries by 30.9% during the 4th quarter. Geode Capital Management LLC now owns 2,642,059 shares of the industrial products company’s stock worth $303,359,000 after buying an additional 624,210 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Mueller Industries by 36.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,528,013 shares of the industrial products company’s stock valued at $290,216,000 after acquiring an additional 679,958 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in Mueller Industries in the second quarter valued at about $244,156,000. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Northcoast Research upgraded shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company 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 cut shares of Mueller Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Mueller Industries has an average rating of “Buy” and a consensus target price of $75.00.

View Our Latest Stock Report on Mueller Industries

Insiders Place Their Bets

In related news, CEO Gregory Christopher sold 200,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.44, for a total value of $13,688,000.00. Following the completion of the transaction, the chief executive officer 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 document filed with the SEC, which is accessible through this link. Also, Director John Hansen sold 2,444 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $67.72, for a total transaction of $165,507.68. Following the transaction, the director owned 181,328 shares in the company, valued at $12,279,532.16. This trade represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 275,444 shares of company stock worth $18,885,398 in the last quarter. 2.30% of the stock is owned by corporate insiders.

Mueller Industries Stock Down 0.6%

MLI opened at $60.00 on Friday. Mueller Industries, Inc. has a 52-week low of $48.26 and a 52-week high of $71.12. The company has a 50 day moving average of $63.44 and a two-hundred day moving average of $62.82. The company has a market cap of $13.27 billion, a P/E ratio of 15.62 and a beta of 1.10.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.27 billion. Mueller Industries had a return on equity of 25.68% and a net margin of 18.25%.The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share.

Mueller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, September 4th. Mueller Industries’s dividend payout ratio is currently 18.23%.

Mueller Industries Company Profile

(Free Report)

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum, steel and plastic products used in plumbing, heating, ventilation, air conditioning, refrigeration, construction and industrial applications. The company serves wholesale distributors, original equipment manufacturers and other industrial customers.

Its product portfolio includes copper tube and fittings, brass rod and forgings, valves, plumbing components, plastic pipe and fittings, aluminum extrusions, refrigeration components and other engineered metal products.