BlackRock, Inc disclosed that they own 9.6% of Mueller Industries, Inc. (NYSE:MLI) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, January 26th. The investor owns 5,502,478 shares of the stock valued at approximately $137,286,826. The filing is available through the SEC website at this hyperlink.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Mueller Industries by 85.6% in the fourth quarter. Creative Planning now owns 9,295 shares of the company’s stock worth $252,000 after buying an additional 4,287 shares in the last quarter. Capstone Asset Management Company boosted its stake in Mueller Industries by 1.4% in the fourth quarter. Capstone Asset Management Company now owns 17,090 shares of the company’s stock worth $463,000 after buying an additional 240 shares in the last quarter. Dalton Greiner Hartman Maher & Company boosted its stake in Mueller Industries by 3.4% in the fourth quarter. Dalton Greiner Hartman Maher & Company now owns 457,125 shares of the company’s stock worth $12,388,000 after buying an additional 15,239 shares in the last quarter. Finally, Simplex Trading purchased a new stake in Mueller Industries during the fourth quarter worth $0.

Mueller Industries, Inc. (NYSE:MLI) traded down 1.68% during mid-day trading on Tuesday, hitting $24.53. 16,323 shares of the stock were exchanged. The firm has a market cap of $1.40 billion and a P/E ratio of 15.24. Mueller Industries, Inc. has a 12-month low of $23.09 and a 12-month high of $37.18. The company has a 50 day moving average of $25.97 and a 200 day moving average of $29.91.

In related news, VP Richard W. Corman sold 16,673 shares of the business’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $30.28, for a total value of $504,858.44. Following the sale, the vice president now directly owns 37,645 shares in the company, valued at approximately $1,139,890.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mueller Industries, Inc. (NYSE:MLI) is a manufacturer of plumbing, heating, ventilation, and air-conditioning (HVAC), refrigeration, and industrial products. The Company’s products include copper tube and fittings; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples. The Company also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products. The Company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). The Plumbing & Refrigeration segment is composed of Standard Products, European Operations, and Mexican Operations. The OEM segment is composed of Industrial Products (IPD), Engineered Products (EPD), and Jiangsu Mueller–Xingrong Copper Industries Limited (Mueller-Xingrong), the Company’s Chinese joint venture.

12 Month Chart for NYSE:MLI

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