Is Mueller Industries, Inc. (MLI) a Buy? The Stock Rises Again

September 17, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.21 in 2016 Q4. Its down 0.27, from 1.48 in 2016Q3. It worsened, as 13 investors sold Mueller Industries, Inc. shares while 49 reduced holdings. 20 funds opened positions while 55 raised stakes. 52.01 million shares or 0.20% more from 51.91 million shares in 2016Q3 were reported.
The New York-based Citigroup Incorporated has invested 0% in Mueller Industries, Inc. (NYSE:MLI). Northern Trust Corporation reported 0.01% stake. Confluence Invest Mgmt Ltd Llc accumulated 0.08% or 77,447 shares. Matarin Cap Ltd Liability Corp reported 132,102 shares or 0% of all its holdings. 11,083 are held by Public Employees Retirement Association Of Colorado. Great West Life Assurance Can has 76,128 shares for 0.01% of their portfolio. Arizona State Retirement Sys reported 0.02% stake. 106,511 were accumulated by Rhumbline Advisers. The United Kingdom-based Blackrock Grp Limited has invested 0.01% in Mueller Industries, Inc. (NYSE:MLI). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI) for 1,531 shares. State Board Of Administration Of Florida Retirement Sys holds 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI) for 38,362 shares. Amalgamated Bancorporation holds 7,554 shares. Cubist Systematic Strategies Limited Liability Corporation invested in 0.02% or 6,280 shares. 193,591 were accumulated by Aqr Cap Mgmt Ltd Llc. State Street invested in 0% or 1.29M shares.

Since April 4, 2017, it had 0 insider purchases, and 1 insider sale for $100,230 activity. $100,230 worth of Mueller Industries, Inc. (NYSE:MLI) was sold by Martin Jeffrey Andrew.

The stock of Mueller Industries, Inc. (NYSE:MLI) is a huge mover today! The stock increased 4.54% or $1.4 on September 15, reaching $32.25. About 783,646 shares traded or 456.39% up from the average. Mueller Industries, Inc. (NYSE:MLI) has risen 3.10% since September 17, 2016 and is uptrending. It has underperformed by 13.60% the S&P500.
The move comes after 7 months positive chart setup for the $1.86 billion company. It was reported on Sep, 17 by Barchart.com. We have $34.83 PT which if reached, will make NYSE:MLI worth $148.80 million more.

More notable recent Mueller Industries, Inc. (NYSE:MLI) news were published by: Bizjournals.com which released: “Memphis public company makes acquisitions in Canada” on June 06, 2017, also Seekingalpha.com with their article: “Mueller Industries Building From A Surprisingly Solid Base” published on January 10, 2017, Bizjournals.com published: “Mueller reports quarterly increases, notes rising copper prices” on May 01, 2017. More interesting news about Mueller Industries, Inc. (NYSE:MLI) were released by: Seekingalpha.com and their article: “Mueller? Mueller!” published on September 06, 2017 as well as Nasdaq.com‘s news article titled: “Mueller Industries, Inc. (MLI) Ex-Dividend Date Scheduled for March 03, 2017” with publication date: March 02, 2017.

Mueller Industries, Inc. is a manufacturer of copper, brass, aluminum and plastic products. The company has market cap of $1.86 billion. The Firm operates through three divisions: Piping Systems, Industrial Metals and Climate. It has a 18.33 P/E ratio. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.