Mueller Industries Inc (NYSE:MLI) Sentiment Change Report

May 18, 2018 - By Linda Rogers

Sentiment for Mueller Industries Inc (NYSE:MLI)

Mueller Industries Inc (NYSE:MLI) institutional sentiment increased to 1.55 in 2017 Q4. Its up 0.49, from 1.06 in 2017Q3. The ratio increased, as 82 investment professionals increased and opened new holdings, while 53 reduced and sold their equity positions in Mueller Industries Inc. The investment professionals in our partner’s database now have: 52.32 million shares, up from 51.92 million shares in 2017Q3. Also, the number of investment professionals holding Mueller Industries Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 44 Increased: 56 New Position: 26.

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. The company has market cap of $1.73 billion. The Company’s Piping Systems segment makes copper tubes and fittings, plastic fittings, line sets, and components for use in water distribution system, heating system, air-conditioning, and refrigeration applications, as well as for drainage, waste, and vent systems. It has a 20.11 P/E ratio. It also makes steel pipe nipples; and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products.

The stock increased 1.25% or $0.37 during the last trading session, reaching $29.96. About 200,779 shares traded. Mueller Industries, Inc. (NYSE:MLI) has declined 21.94% since May 18, 2017 and is downtrending. It has underperformed by 33.49% the S&P500.

Dalton Greiner Hartman Maher & Co holds 1.08% of its portfolio in Mueller Industries, Inc. for 583,137 shares. Gamco Investors Inc. Et Al owns 3.82 million shares or 0.85% of their US portfolio. Moreover, Palisade Capital Management Llc Nj has 0.65% invested in the company for 538,443 shares. The New York-based Gabelli Funds Llc has invested 0.43% in the stock. Yorktown Management & Research Co Inc, a Virginia-based fund reported 40,983 shares.

Since January 1, 0001, it had 2 insider buys, and 0 insider sales for $377,195 activity.

Mueller Industries, Inc. (NYSE:MLI) Institutional Positions Chart

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