Fiera Capital Corp Sells 10,816 Shares of Mueller Industries, Inc. (NYSE:MLI)

Fiera Capital Corp trimmed its position in Mueller Industries, Inc. (NYSE:MLI) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 468,970 shares of the industrial products company’s stock after selling 10,816 shares during the quarter. Fiera Capital Corp’s holdings in Mueller Industries were worth $37,217,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Mueller Industries by 36.0% during the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Westside Investment Management Inc. purchased a new position in Mueller Industries in the third quarter worth $41,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Mueller Industries in the 4th quarter valued at $53,000. City State Bank purchased a new stake in shares of Mueller Industries during the 4th quarter valued at $58,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Mueller Industries during the 3rd quarter valued at $64,000. Institutional investors own 94.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research raised shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Wednesday, December 11th.

Insider Buying and Selling

In other Mueller Industries news, Director Scott Jay Goldman sold 10,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $79.81, for a total transaction of $798,100.00. Following the completion of the transaction, the director now owns 56,098 shares in the company, valued at $4,477,181.38. This trade represents a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the completion of the sale, the director now directly owns 17,733 shares in the company, valued at approximately $1,632,145.32. This trade represents a 45.83 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Mueller Industries Stock Up 1.6 %

Mueller Industries stock opened at $80.73 on Friday. The firm has a 50 day moving average price of $80.33 and a 200-day moving average price of $77.24. Mueller Industries, Inc. has a twelve month low of $47.46 and a twelve month high of $96.81. The company has a market capitalization of $9.18 billion, a P/E ratio of 15.20 and a beta of 0.98.

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