Chief Manufacturing Officer Steffen Sigloch Sells 53,800 Shares of Mueller Industries Inc
Steffen Sigloch, Chief Manufacturing Officer of Mueller Industries Inc (NYSE:MLI), sold 53,800 shares of the company on December 26, 2023, according to a recent SEC Filing. Mueller Industries Inc is a global leader in the manufacturing and distribution of copper, brass, aluminum, and plastic products, including tubes, fittings, valves, and other items for plumbing, HVAC, refrigeration, and industrial applications.
Over the past year, the insider has sold a total of 326,050 shares and has not made any purchases of the company's stock.
The insider transaction history for Mueller Industries Inc shows a pattern of insider selling, with 0 insider buys and 15 insider sells over the past year.
On the day of the insider's recent sale, shares of Mueller Industries Inc were trading at $47.59, resulting in a market cap of $5.42 billion. The price-earnings ratio of the stock is 8.69, which is below both the industry median of 22.92 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio stands at 1.55, indicating that Mueller Industries Inc is significantly overvalued according to the GF Value of $30.73. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
