<div id="readability-page-1"><p>OLD National Bancorp IN purchased a new stake in shares of  Mueller Industries, Inc. (NYSE:MLI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  purchased 15,922 shares of the industrial products company's stock, valued at approximately $1,610,000.</p><ul><li>Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop</li></ul><p>Other large investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its position in shares of  Mueller Industries by 3.9% during the 2nd quarter. Wedbush Securities Inc. now owns 3,545 shares of the industrial products company's stock valued at $282,000 after acquiring an additional 134 shares during the last quarter.  CW Advisors LLC raised its stake in  Mueller Industries by 4.0% during the second quarter. CW Advisors LLC now owns 3,641 shares of the industrial products company's stock valued at $289,000 after purchasing an additional 140 shares in the last quarter.  Total Wealth Planning &amp; Management Inc. lifted its position in  Mueller Industries by 2.5% during the second quarter. Total Wealth Planning &amp; Management Inc. now owns 5,948 shares of the industrial products company's stock valued at $473,000 after purchasing an additional 144 shares during the last quarter.  Contravisory Investment Management Inc. grew its stake in shares of  Mueller Industries by 6.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,611 shares of the industrial products company's stock worth $207,000 after buying an additional 152 shares in the last quarter.  Finally, Rowlandmiller &amp; PARTNERS.ADV grew its stake in shares of  Mueller Industries by 3.4% in the 2nd quarter. Rowlandmiller &amp; PARTNERS.ADV now owns 5,560 shares of the industrial products company's stock worth $442,000 after buying an additional 185 shares in the last quarter. Institutional investors own  94.50% of the company's stock. </p><div><p><span></span><span>Get <strong>Mueller Industries</strong> alerts:</span></p></div><h2>Insider Activity</h2><p>In other news, Director John B. Hansen sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $105.71, for a total value of $105,710.00. Following the sale, the director directly owned 91,664 shares in the company, valued at approximately $9,689,801.44. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory L. Christopher sold 158,000 shares of the business's stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $104.32, for a total value of $16,482,560.00. Following the transaction, the chief executive officer owned 1,119,241 shares of the company's stock, valued at approximately $116,759,221.12. The trade was a 12.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 355,234 shares of company stock valued at $36,944,652. 2.70% of the stock is currently owned by insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>3 Value Stocks Too Small For Buffett’s Portfolio</li></ul><p>Separately, Weiss Ratings  reaffirmed a &#34;buy (b)&#34; rating on shares of Mueller Industries in a report on Wednesday, October 8th. One investment analyst  has rated the stock with a Buy rating,  According to data from MarketBeat.com, Mueller Industries presently has a consensus rating of &#34;Buy&#34;.</p><p><b>Get Our Latest Stock Analysis on Mueller Industries</b></p><h2>Mueller Industries Stock Up 1.5%</h2><p>MLI stock opened at $119.09 on Thursday. Mueller Industries, Inc. has a twelve month low of $66.84 and a twelve month high of $118.91. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 17.77 and a beta of 1.04. The firm's fifty day simple moving average is $108.70 and its two-hundred day simple moving average is $96.53. </p><p>Mueller Industries (NYSE:MLI - Get Free Report) last released its earnings results on Tuesday, October 21st. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.11). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $942.00 million. Mueller Industries had a return on equity of 25.02% and a net margin of 18.10%.Mueller Industries's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. </p><h2>Mueller Industries Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Mueller Industries's dividend payout ratio  is currently 14.93%. </p><h2>Mueller Industries Company Profile</h2> (Free Report)<p>Mueller Industries, Inc is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products. Headquartered in Memphis, Tennessee, the company serves a wide range of markets including HVAC (heating, ventilation and air conditioning), refrigeration, plumbing, industrial gas, automotive and agricultural sectors. Its product portfolio encompasses copper and plastic tubing, brass fittings, valves and related components designed for fluid handling and temperature control applications.  </p><p>The company operates through multiple business segments, including the Plumbing &amp; Refrigeration segment, which supplies copper and plastic tubing, fittings and valves for residential and commercial construction markets; the Industrial Metals &amp; Mining segment, which provides aluminum shapes and specialty brass products for industrial applications; and the Climate segment, which focuses on copper tubing and components for air conditioning and refrigeration systems.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Mueller Industries</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Forget AI, This Will Be the Next Big Tech Breakthrough</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1MSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1MSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Mueller Industries Right Now?</h2><p>Before you consider Mueller Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mueller Industries wasn't on the list.</p><p>While Mueller Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>OLD National Bancorp IN acquired 15,922 shares of Mueller Industries, valued at $1.61 million, as per their latest SEC filing. Other investors also adjusted their stakes. Insider sales included 1,000 shares by Director John B. Hansen and 158,000 shares by CEO Gregory L. Christopher. Mueller Industries reported Q3 earnings of $1.88 per share, missing estimates, with revenue up 8% year-over-year. The stock has a consensus 'Buy' rating.</p>

15,922 Shares in Mueller Industries, Inc. $MLI Purchased by OLD National Bancorp IN