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Sigloch Steffen, the Chief Manufacturing Officer at Mueller Industries Inc . (NYSE:MLI), recently sold a significant portion of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Steffen sold 27,184 shares of common stock on February 28, 2025. The transaction comes as Mueller Industries maintains strong financial health, with InvestingPro data showing the stock has delivered an impressive 57.91% return over the past year. The shares were sold at a weighted average price of $79.15, within a price range of $78.50 to $79.81, amounting to a total transaction value of approximately $2.15 million. This sale was conducted as part of a pre-established Rule 10b5-1 trading plan. Following this transaction, Steffen retains direct ownership of 194,426 shares in Mueller Industries, which currently has a market capitalization of $9.18 billion. InvestingPro analysis suggests the stock is slightly undervalued, with analysts setting a target price of $105 per share. Additional insights and metrics are available through InvestingPro’s comprehensive analysis tools.
In other recent news, Mueller Industries reported its fourth-quarter financial results, revealing a mixed performance. The company announced adjusted earnings per share of $1.21, which fell short of the analyst consensus of $1.06. However, revenue for the quarter exceeded expectations, reaching $923.5 million compared to the projected $847 million, marking a 26.1% increase year-over-year. This revenue boost was attributed to strategic acquisitions and increased unit volume in U.S. construction-related products, alongside higher copper prices. Additionally, Mueller Industries declared a 25% increase in its quarterly dividend, continuing its trend of annual double-digit growth in shareholder returns. The company generated $140.1 million in operating cash flow for the quarter and $645.9 million for the entire year, with year-end cash and short-term investments totaling $1.06 billion. CEO Greg Christopher highlighted the company’s strong fourth-quarter performance and expressed optimism about ongoing initiatives and potential regulatory changes. These developments reflect Mueller Industries’ strategic focus on enhancing shareholder value and operational growth.
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