Yousif Capital Management LLC Has $3.31 Million Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Yousif Capital Management LLC lessened its stake in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,692 shares of the industrial products company's stock after selling 3,657 shares during the period. Yousif Capital Management LLC's holdings in Mueller Industries were worth $3,309,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Mueller Industries by 36.0% during the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company's stock worth $41,000 after acquiring an additional 146 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Mueller Industries during the third quarter worth about $41,000. City State Bank bought a new stake in Mueller Industries during the fourth quarter worth about $58,000. Harbor Capital Advisors Inc. bought a new stake in Mueller Industries during the third quarter worth about $64,000. Finally, R Squared Ltd bought a new stake in Mueller Industries during the fourth quarter worth about $69,000. Institutional investors own 94.50% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Charles P. Herzog, Jr. sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the sale, the director now owns 17,733 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Mueller Industries Trading Down 1.7 %

NYSE:MLI traded down $1.40 on Wednesday, hitting $79.42. The company's stock had a trading volume of 975,473 shares, compared to its average volume of 731,813. The stock has a fifty day moving average of $80.28 and a two-hundred day moving average of $77.20. The firm has a market capitalization of $9.03 billion, a P/E ratio of 14.96 and a beta of 0.98. Mueller Industries, Inc. has a one year low of $47.46 and a one year high of $96.81.

Mueller Industries (NYSE:MLI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share (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%.

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.