Gold bars to be exempt from tariffs, White House clarifies
CINCINNATI—John B. Hansen, a director at Mueller Industries Inc . (NYSE:MLI), a $8.56 billion industrial manufacturer with a "GREAT" financial health rating according to InvestingPro, recently executed several transactions involving the company’s common stock. According to a filing with the Securities and Exchange Commission, Hansen sold 3,130 shares on May 12 at an average price of $78.068 per share, totaling $244,352. The transaction occurred as the stock trades at a P/E ratio of 13.9, with InvestingPro analysis suggesting the stock is currently undervalued.
Additionally, Hansen acquired 2,130 shares on May 8, although this transaction did not involve any cash exchange. Following these transactions, Hansen directly owns 93,664 shares of Mueller Industries.
In a related holding, Hansen indirectly owns 16,000 shares through a trust benefiting his wife and children.
In other recent news, Mueller Industries reported its first-quarter 2025 earnings, which did not meet analyst expectations. The company posted adjusted earnings per share of $1.39, falling short of the consensus estimate of $1.41, while revenue aligned with projections at $1 billion. Despite missing earnings estimates, Mueller Industries experienced a 17.7% year-over-year increase in net sales, reaching $1 billion, driven by acquisitions and increased selling prices due to higher raw material costs and tariffs. Net income rose to $157.4 million from $138.4 million in the same quarter the previous year. CEO Greg Christopher highlighted the positive impact of recent acquisitions and expressed confidence in overcoming challenges posed by tariffs and trade policies. Additionally, Mueller Industries declared a regular quarterly dividend of 25 cents per share, payable on June 20, 2025, to shareholders recorded by June 6, 2025. The company’s cash balance at the end of the quarter stood at $830.1 million, and it repurchased over 3 million shares for $243.6 million during the period. These developments reflect the company’s ongoing financial strategies and market positioning.
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