Mueller Industries Inc (NYSE:MLI) Shifting Institutional Investors Sentiment

Sentiment for Mueller Industries Inc (NYSE:MLI)

Mueller Industries Inc (NYSE:MLI) institutional sentiment decreased to 0.78 in Q4 2018. Its down -0.33, from 1.11 in 2018Q3. The ratio fall, as 63 investment managers increased or opened new positions, while 81 sold and reduced their holdings in Mueller Industries Inc. The investment managers in our partner’s database reported: 52.14 million shares, down from 52.48 million shares in 2018Q3. Also, the number of investment managers holding Mueller Industries Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 29 Reduced: 52 Increased: 45 New Position: 18.

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 $1.57 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 16.5 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 decreased 1.87% or $0.53 during the last trading session, reaching $27.76. About 142,463 shares traded. Mueller Industries, Inc. (NYSE:MLI) has risen 26.12% since May 17, 2018 and is uptrending. It has outperformed by 21.75% the S&P500.

Analysts await Mueller Industries, Inc. (NYSE:MLI) to report earnings on July, 23. They expect $0.51 EPS, down 12.07 % or $0.07 from last year’s $0.58 per share. MLI’s profit will be $28.88 million for 13.61 P/E if the $0.51 EPS becomes a reality. After $0.56 actual EPS reported by Mueller Industries, Inc. for the previous quarter, Wall Street now forecasts -8.93 % negative EPS growth.

Gamco Investors Inc. Et Al holds 0.85% of its portfolio in Mueller Industries, Inc. for 4.28 million shares. Dalton Greiner Hartman Maher & Co owns 408,199 shares or 0.71% of their US portfolio. Moreover, Walthausen & Co. Llc has 0.71% invested in the company for 218,453 shares. The New Jersey-based Palisade Capital Management Llc Nj has invested 0.58% in the stock. Gabelli Funds Llc, a New York-based fund reported 2.29 million shares.

Since January 1, 0001, it had 5 insider buys, and 0 sales for $391,604 activity.

More notable recent Mueller Industries, Inc. (NYSE:MLI) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Air Transport Services Group Inc. (ATSG) – Yahoo Finance” on May 03, 2019, also Businesswire.com with their article: “Mueller Industries, Inc. Reports Fourth Quarter and Fiscal 2018 Earnings – Business Wire” published on February 05, 2019, Gurufocus.com published: “5 Industrial Stocks Mario Gabelli, Chuck Royce Agree On – GuruFocus.com” on March 29, 2019. More interesting news about Mueller Industries, Inc. (NYSE:MLI) were released by: Businesswire.com and their article: “Mueller Industries, Inc. Announces Appointment of Terry Hermanson as Lead Independent Director Effective January 1, 2019 – Business Wire” published on August 03, 2018 as well as Zacks.com‘s news article titled: “Why Mueller Industries (MLI) is Such a Great Value Stock Pick Right Now – Zacks.com” with publication date: March 04, 2019.

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

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