WoodTrust Financial Corp Purchases New Holdings in Mueller Industries, Inc. (NYSE:MLI)

WoodTrust Financial Corp purchased a new position in shares of Mueller Industries, Inc. (NYSE:MLI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,106 shares of the industrial products company’s stock, valued at approximately $230,000.

Several other hedge funds have also recently added to or reduced their stakes in MLI. Vanguard Group Inc. grew its position in shares of Mueller Industries by 0.5% in the first quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company’s stock valued at $666,524,000 after purchasing an additional 59,060 shares in the last quarter. LSV Asset Management raised its stake in Mueller Industries by 44.1% during the second quarter. LSV Asset Management now owns 2,094,682 shares of the industrial products company’s stock worth $119,271,000 after purchasing an additional 641,114 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Mueller Industries by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,176,468 shares of the industrial products company’s stock valued at $66,988,000 after buying an additional 7,756 shares during the period. Vest Financial LLC raised its position in shares of Mueller Industries by 18.2% during the 2nd quarter. Vest Financial LLC now owns 414,417 shares of the industrial products company’s stock valued at $23,597,000 after buying an additional 63,828 shares during the period. Finally, New York State Common Retirement Fund grew its position in Mueller Industries by 20.4% in the third quarter. New York State Common Retirement Fund now owns 405,618 shares of the industrial products company’s stock worth $30,056,000 after acquiring an additional 68,633 shares during the period. 94.50% of the stock is owned by institutional investors and hedge funds.

Mueller Industries Stock Up 12.2 %

Shares of Mueller Industries stock opened at $95.07 on Thursday. The business’s fifty day simple moving average is $74.13 and its 200-day simple moving average is $65.47. The firm has a market cap of $10.81 billion, a PE ratio of 18.46 and a beta of 1.01. Mueller Industries, Inc. has a 52 week low of $37.54 and a 52 week high of $95.84.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.32 by $0.16. Mueller Industries had a net margin of 16.39% and a return on equity of 23.25%. The firm had revenue of $997.80 million for the quarter, compared to analyst estimates of $936.00 million. Mueller Industries’s quarterly revenue was up 21.7% on a year-over-year basis.

Insider Buying and Selling

In other Mueller Industries news, Director John B. Hansen sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the transaction, the director now owns 94,914 shares of the company’s stock, valued at $7,886,404.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director John B. Hansen sold 1,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the transaction, the director now owns 94,914 shares of the company’s stock, valued at $7,886,404.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John B. Hansen sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $67.24, for a total value of $537,920.00. Following the sale, the director now directly owns 95,914 shares in the company, valued at $6,449,257.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,000 shares of company stock valued at $7,164,860. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.