226,989 Mueller Industries, Inc. $MLI Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its Mueller Industries stake by 18.3%, selling 226,989 shares in the third quarter and retaining 1.02 million shares valued at approximately $61.6 million.
• Institutional investors own 94.5% of MLI, with several funds—including Crossmark Global Holdings, City State Bank, and Carnegie Investment Counsel—increasing their positions during the quarter.
• Mueller’s third-quarter revenue jumped 31.6% to $1.42 billion and exceeded estimates, but adjusted EPS of $1.00 missed the $1.08 consensus. The stock opened at $57.56, well below its $71.12 52-week high, while analysts maintained an overall “Buy” rating with a $75 price target.

Vest Financial LLC decreased its holdings in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 18.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,015,531 shares of the industrial products company's stock after selling 226,989 shares during the period. Vest Financial LLC owned approximately 0.46% of Mueller Industries worth $61,551,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in Mueller Industries by 176.6% in the third quarter. Crossmark Global Holdings Inc. now owns 75,224 shares of the industrial products company's stock valued at $4,559,000 after acquiring an additional 48,031 shares during the last quarter. Strengthening Families & Communities LLC raised its stake in Mueller Industries by 100.7% during the third quarter. Strengthening Families & Communities LLC now owns 570 shares of the industrial products company's stock worth $35,000 after acquiring an additional 286 shares in the last quarter. City State Bank raised its stake in Mueller Industries by 103.7% during the third quarter. City State Bank now owns 3,426 shares of the industrial products company's stock worth $208,000 after acquiring an additional 1,744 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Mueller Industries by 102.7% in the third quarter. Quadrant Capital Group LLC now owns 26,056 shares of the industrial products company's stock worth $1,603,000 after acquiring an additional 13,203 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its holdings in shares of Mueller Industries by 85.3% in the third quarter. Carnegie Investment Counsel now owns 5,024 shares of the industrial products company's stock worth $305,000 after acquiring an additional 2,312 shares during the last quarter. Institutional investors and hedge funds own 94.50% of the company's stock.

Trending Headlines about Mueller Industries

Here are the key news stories impacting Mueller Industries this week:

• Positive Sentiment: Fiscal third-quarter revenue rose 31.6% year over year to $1.42 billion, substantially exceeding analyst expectations of approximately $1.28 billion. Mueller Industries Fiscal Q3 Earnings, Sales Rise
• Positive Sentiment: Mueller generated $337 million in operating cash flow, ended the quarter with $1.48 billion in cash and short-term investments, and repurchased 3.2 million shares for $201.9 million—supportive of shareholder returns and financial flexibility. Mueller Industries Q3 Revenue Rises 32% to $1.42 Billion
• Positive Sentiment: Higher copper prices, with COMEX copper averaging $6.48 per pound—up 34.2% from the prior-year period—helped support the sharp increase in reported sales. Mueller Industries Q3 Sales Strengthen
• Neutral Sentiment: Operating income increased modestly to $281.6 million from $276.1 million, while net income rose to $221.2 million from $208.1 million, indicating that revenue growth translated into only limited operating-profit improvement. Mueller Industries Reports Earnings Results
• Negative Sentiment: Adjusted diluted EPS was $1.00, below the consensus estimate of $1.08. The earnings shortfall prompted a post-report decline and pushed the stock to a four-month low. Mueller Industries Shares Fall After Earnings Miss
• Negative Sentiment: MLI trades about 21% below its 52-week high, underscoring weakened momentum following the earnings disappointment. Mueller Industries Stock Below 52-Week High
• Negative Sentiment: Recent insider activity was entirely selling, including substantial share sales by the CEO and CFO, which may weigh on investor sentiment. Mueller Industries Q3 Revenue and Insider Activity

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MLI. Weiss Ratings restated a "buy (b)" rating on shares of Mueller Industries in a research note on Thursday, October 15th. Northcoast Research upgraded shares of Mueller Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Thursday, July 16th. Finally, Wall Street Zen cut shares of Mueller Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 25th. 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 target price of $75.00.

Insider Buying and Selling at Mueller Industries

In other news, Director John Hansen sold 2,444 shares of Mueller Industries stock in a transaction dated 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. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory Christopher sold 200,000 shares of Mueller Industries stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.44, for a total value of $13,688,000.00. Following the sale, the chief executive officer directly owned 1,598,850 shares in the company, valued at $109,425,294. The trade was a 11.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 275,444 shares of company stock worth $18,885,398. 2.30% of the stock is currently owned by insiders.

Mueller Industries Stock Performance

Shares of MLI opened at $57.56 on Thursday. Mueller Industries, Inc. has a 52 week low of $51.20 and a 52 week high of $71.12. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 14.76 and a beta of 1.08. The stock has a fifty day moving average of $61.74 and a 200-day moving average of $63.59.

Mueller Industries (NYSE:MLI - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.08). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.28 billion. Mueller Industries had a net margin of 17.26% and a return on equity of 25.51%. The company's revenue was up 31.6% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS.

Mueller Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $0.1750 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.70 annualized dividend and a yield of 1.2%. Mueller Industries's dividend payout ratio (DPR) is currently 17.95%.

Mueller Industries Company Profile

Mueller Industries, Inc is a manufacturer of metal and plastic products used in plumbing, heating, ventilation, air conditioning, refrigeration, fire protection, water distribution, and industrial applications. Its product portfolio includes copper, brass, aluminum, and steel tubing; fittings; valves; copper and plastic piping systems; and related components.

The company sells products primarily through wholesale distributors, original equipment manufacturers, building-supply outlets, and other industrial channels.

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