Mueller Industries, Inc. (MLI) Rises A lot Today, Is Now One of The Best Performer

September 17, 2017 - By Louis Casey

Investors sentiment decreased to 1.21 in Q4 2016. Its down 0.27, from 1.48 in 2016Q3. It fall, 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.
Blackrock Fund reported 4.60 million shares. Rhumbline Advisers invested 0.01% of its portfolio in Mueller Industries, Inc. (NYSE:MLI). Franklin Res, California-based fund reported 2.00 million shares. Mason Street Limited Liability invested in 12,538 shares or 0.01% of the stock. Parkside Finance Savings Bank invested in 28 shares or 0% of the stock. California State Teachers Retirement System invested 0.01% in Mueller Industries, Inc. (NYSE:MLI). Guggenheim Cap Limited Company accumulated 158,952 shares. Wexford Capital L P stated it has 0.07% of its portfolio in Mueller Industries, Inc. (NYSE:MLI). Matarin Cap Ltd Liability Corp holds 0% or 132,102 shares in its portfolio. State Street accumulated 1.29 million shares. Wells Fargo And Mn holds 0.02% or 1.65 million shares in its portfolio. Louisiana State Employees Retirement Sys reported 23,100 shares. 168,802 are held by D E Shaw And. Blackrock Institutional Na invested in 0.01% or 1.52 million shares. 1,463 are owned by Us Comml Bank De.

Since April 4, 2017, it had 0 buys, and 1 insider sale for $100,230 activity. 3,000 shares valued at $100,230 were sold by Martin Jeffrey Andrew on Tuesday, April 4.

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: Seekingalpha.com which released: “Mueller Industries Building From A Surprisingly Solid Base” on January 10, 2017, also Seekingalpha.com with their article: “Mueller? Mueller!” published on September 06, 2017, Bizjournals.com published: “Mueller reports quarterly increases, notes rising copper prices” on May 01, 2017. More interesting news about Mueller Industries, Inc. (NYSE:MLI) were released by: Nasdaq.com and their article: “Mueller Industries, Inc. (MLI) Ex-Dividend Date Scheduled for August 31, 2017” published on August 30, 2017 as well as Bizjournals.com‘s news article titled: “Memphis public company makes acquisitions in Canada” with publication date: June 06, 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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