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Here are the top Institutional holders of Mueller Industries, Inc (MLI) shares

Mueller Industries, Inc (NYSE: MLI) is 0.72% higher on its value in year-to-date trading and has touched a low of $49.95 and a high of $96.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MLI stock was last observed hovering at around $78.20 in the last trading session, with the day’s gains setting it 1.73%.

Currently trading at $79.93, the stock is -0.18% and -0.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 2.21% at the moment leaves the stock 9.83% off its SMA200. MLI registered 55.38% gain for a year compared to 6-month gain of 9.93%.

The stock witnessed a 2.45% loss in the last 1 month and extending the period to 3 months gives it a -1.04%, and is 0.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.88% over the week and 3.17% over the month.

Mueller Industries, Inc (MLI) has around 4509 employees, a market worth around $9.05B and $3.77B in sales. Current P/E ratio is 15.05 and Fwd P/E is 12.59. Profit margin for the company is 16.05%. Distance from 52-week low is 60.02% and -17.44% from its 52-week high. The company has generated returns on investments over the last 12 months (21.62%).

The EPS is expected to grow by 6.40% this year

The shares outstanding are 113.27M, and float is at 109.26M with Short Float at 3.28%.

The top institutional shareholder in the company is BLACKROCK INC. with over 18.07 million shares valued at $1.03 billion. The investor’s holdings represent 15.7997 of the MLI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.34 million shares valued at $702.62 million to account for 10.7911 of the shares outstanding. The other top investors are FIRST TRUST ADVISORS LP which holds 6.64 million shares representing 5.809 and valued at over $378.23 million, while STATE STREET CORP holds 3.7707 of the shares totaling 4.31 million with a market value of $245.51 million.

Mueller Industries, Inc (MLI) Insider Activity

A total of 0 insider transactions have happened at Mueller Industries, Inc (MLI) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Sigloch Steffen, the company’s Chief Manufacturing Officer. SEC filings show that Sigloch Steffen sold 27,184 shares of the company’s common stock on Feb 28 ’25 at a price of $79.15 per share for a total of $2.15 million. Following the sale, the insider now owns 0.19 million shares.

Still, SEC filings show that on Feb 13 ’25, GOLDMAN SCOTT JAY (Director) disposed off 10,000 shares at an average price of $79.81 for $0.8 million. The insider now directly holds 56,098 shares of Mueller Industries, Inc (MLI).

Mueller Industries, Inc (MLI): Who are the competitors?

One of the company’s main competitors (and peers) include Alcoa Corp. (AA) that is trading 14.74% up over the past 12 months.Tredegar Corp. (TG) lies in the list of competitors of the Mueller Industries, Inc and is 65.55% higher over the same period from MLISteel Partners Holdings L.P. (SPLP) is 10.53% up on the 1-year trading charts.

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