MLI - Mueller Industries Recent Insider Activity | Benzinga
Revealing a significant insider sell on April 29, Andrew Jeffrey Martin, EVP at Mueller Industries (NYSE:MLI), as per the latest SEC filing.
What Happened: Martin's recent move involves selling 52,436 shares of Mueller Industries. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value is $3,002,050.
The latest market snapshot at Tuesday morning reveals Mueller Industries shares down by 0.0%, trading at $58.07.
Unveiling the Story Behind Mueller Industries
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive.
Mueller Industries: Financial Performance Dissected
Decline in Revenue: Over the 3 months period, Mueller Industries faced challenges, resulting in a decline of approximately -12.51% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. ...