Mueller Industries, Inc. (NYSE:MLI) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,970 shares of the industrial products company's stock after selling 10,816 shares during the period. Fiera Capital Corp owned 0.41% of Mueller Industries worth $37,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its stake in Mueller Industries by 3.2% during the third quarter. State Street Corp now owns 4,451,143 shares of the industrial products company's stock worth $329,830,000 after purchasing an additional 139,406 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mueller Industries by 27.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,469,736 shares of the industrial products company's stock worth $108,907,000 after acquiring an additional 315,490 shares during the period. FMR LLC increased its position in shares of Mueller Industries by 2.6% during the third quarter. FMR LLC now owns 1,066,658 shares of the industrial products company's stock worth $79,039,000 after acquiring an additional 27,399 shares during the period. Systematic Financial Management LP increased its position in shares of Mueller Industries by 1.6% during the third quarter. Systematic Financial Management LP now owns 939,342 shares of the industrial products company's stock worth $69,605,000 after acquiring an additional 14,729 shares during the period. Finally, Vest Financial LLC increased its position in shares of Mueller Industries by 12.0% during the fourth quarter. Vest Financial LLC now owns 431,226 shares of the industrial products company's stock worth $34,222,000 after acquiring an additional 46,103 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Charles P. Herzog, Jr. sold 15,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the completion of the sale, the director now owns 17,733 shares in the company, valued at approximately $1,632,145.32. This represents a 45.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Jay Goldman sold 10,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $79.81, for a total transaction of $798,100.00. Following the sale, the director now owns 56,098 shares of the company's stock, valued at $4,477,181.38. This trade represents a 15.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Northcoast Research raised Mueller Industries from a "neutral" rating to a "buy" rating and set a $105.00 price objective on the stock in a research report on Wednesday, December 11th.

Mueller Industries Trading Up 0.8 %

NYSE:MLI traded up $0.61 during trading hours on Monday, hitting $81.23. The company's stock had a trading volume of 880,993 shares, compared to its average volume of 729,991. The stock has a market capitalization of $9.24 billion, a P/E ratio of 15.30 and a beta of 0.98. The stock has a fifty day moving average of $80.44 and a 200-day moving average of $77.51. Mueller Industries, Inc. has a 52-week low of $47.46 and a 52-week high of $96.81.

Mueller Industries (NYSE:MLI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

About Mueller Industries

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.