Can Mueller Industries, Inc. (MLI)’s Tomorrow Be Different? The Stock Increases Again

September 17, 2017 - By Darrin Black

Investors sentiment decreased to 1.21 in Q4 2016. 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.
Deutsche National Bank Ag owns 222,279 shares or 0.01% of their US portfolio. Morgan Stanley holds 0% in Mueller Industries, Inc. (NYSE:MLI) or 247,648 shares. Hsbc Public Ltd Company stated it has 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI). Moreover, Evercore Wealth has 0% invested in Mueller Industries, Inc. (NYSE:MLI) for 1,500 shares. Ny State Teachers Retirement Systems reported 153,472 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Mueller Industries, Inc. (NYSE:MLI). Credit Suisse Ag invested 0% in Mueller Industries, Inc. (NYSE:MLI). Swiss Commercial Bank accumulated 0.01% or 88,600 shares. Legal & General Gru Public Limited has 101,056 shares. First Mercantile Trust reported 0.14% stake. D E Shaw Commerce Incorporated invested in 0.01% or 168,802 shares. Mason Street Limited Liability Corporation reported 12,538 shares or 0.01% of all its holdings. Denali Advisors Llc invested in 46 shares or 0% of the stock. Metropolitan Life Insurance owns 38,114 shares for 0.01% of their portfolio. Natixis reported 6,228 shares.

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

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? Mueller!” published on September 06, 2017, Nasdaq.com published: “Mueller Industries, Inc. (MLI) Ex-Dividend Date Scheduled for March 03, 2017” on March 02, 2017. More interesting news about Mueller Industries, Inc. (NYSE:MLI) were released by: Seekingalpha.com and their article: “Mueller Industries Building From A Surprisingly Solid Base” published on January 10, 2017 as well as Nasdaq.com‘s news article titled: “Mueller Industries, Inc. (MLI) Ex-Dividend Date Scheduled for August 31, 2017” with publication date: August 30, 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.

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