MUELLER INDUSTRIES INC
No enriched coverage for $MLI in the last 7 days.
No SEC Form 4 filings for $MLI in the last 30 days.
Mueller Industries CEO Gregory Christopher sold 103,266 shares of company stock for over $14.1 million on April 27th, reducing his stake by 11.37%. This sale followed the company's strong first-quarter earnings, which beat analyst expectations, and a dividend increase. Despite the positive financial performance, the stock traded down by 2.1% on the day the transaction was disclosed.
Merit Financial Group LLC increased its stake in Mueller Industries, Inc. by 73.5% in the fourth quarter, acquiring an additional 7,857 shares, bringing its total holdings to 18,548 shares valued at $2.129 million. Several other institutional investors also adjusted their positions in Mueller Industries, which recently reported strong earnings, exceeding analyst estimates, and increased its quarterly dividend. Insider trading activity included sales by two directors in February.
The top executives at Collierville-based Mueller Industries collectively earned over $38 million. The company's CEO alone made $27.6 million, significantly more than the median worker's salary of $45,602. This news follows Mueller Industries reporting its highest annual operating and net income in its history.
