Boenning & Scattergood Reports Initiation of Mueller Industries (NYSE:MLI)

May 18, 2018 - By James Hentges

Investors sentiment increased to 1.55 in Q4 2017. Its up 0.49, from 1.06 in 2017Q3. It increased, as 9 investors sold Mueller Industries, Inc. shares while 44 reduced holdings. 26 funds opened positions while 56 raised stakes. 52.32 million shares or 0.76% more from 51.92 million shares in 2017Q3 were reported.

Moreover, Amalgamated Bancorp has 0.01% invested in Mueller Industries, Inc. (NYSE:MLI). Public Employees Retirement Association Of Colorado has 9,835 shares. Piedmont Advisors Ltd Limited Liability Company stated it has 11,881 shares. Tdam Usa Incorporated, a Ontario – Canada-based fund reported 19,324 shares. Panagora Asset Mngmt invested 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI). Stevens Mgmt L P holds 0.01% or 8,610 shares. 35,826 were reported by Thrivent For Lutherans. Duncker Streett Inc stated it has 3,000 shares or 0.03% of all its holdings. Parkside National Bank & Trust And Trust stated it has 0% of its portfolio in Mueller Industries, Inc. (NYSE:MLI). First Midwest State Bank Division reported 0.11% stake. Loomis Sayles & Commerce Lp owns 1,016 shares for 0% of their portfolio. Moreover, Convergence Prns Limited has 0.36% invested in Mueller Industries, Inc. (NYSE:MLI). Pnc Ser Group Inc has 0% invested in Mueller Industries, Inc. (NYSE:MLI). Arizona State Retirement System accumulated 0.03% or 97,156 shares. Guggenheim Capital Limited Liability Corporation stated it has 178,265 shares or 0.01% of all its holdings.

Since February 14, 2018, it had 2 insider purchases, and 0 insider sales for $377,195 activity. GLADSTEIN GARY S had bought 13,400 shares worth $350,245 on Wednesday, February 14.

How Boenning & Scattergood Currently Rates Mueller Industries (NYSE:MLI)

In a research report revealed to clients today, Boenning & Scattergood analysts has begun Mueller Industries (NYSE:MLI) coverage with Hold rating.

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.

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 related components for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as 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.

Another recent and important Mueller Industries, Inc. (NYSE:MLI) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018.

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

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