MUELLER INDUSTRIES INC
In the published model solve dated 2026-Q2, anchored at $62.80, MUELLER INDUSTRIES INC (MLI) is priced for +7.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Mueller makes copper tube, fittings, brass rod, and HVAC and plumbing components, a business whose demand the 10-K ties to new construction, ⟦"repairs and remodeling projects,"⟧ and industrial uses, which makes it a high-quality cyclical with a 24% operating margin and a 25% return on equity. • The balance sheet is the standout: the company holds about $1.4 billion of net cash with essentially no debt, an unusual position for a metals-linked manufacturer and a genuine cushion against the cycle
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697 institutional managers reported holding MLI in 13F filings for the quarter ended 2026-03-31. Together they hold about 44% of the company; the top 10 hold 22%. 104 opened new positions that quarter. Held by BlackRock, Vanguard Group, AQR Capital, among others. On the short side, 1.9M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MLI has cut its share count 2.5% over the past five years, spending $429.50M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 5 years straight; the current rate is $1.00 a share annually. Cash returned over the past three years: $269.67M in dividends and $367.28M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at MLI over the trailing three years. Absence is a fact about the company, not a signal. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MLI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | -10.8% | -4.9% |
| 2023-10-26 | +6.4% | +27.6% |
| 2024-02-29 | +4.5% | +10.7% |
| 2024-04-25 | +1.8% | -3.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MLI's latest 8-K filings: 2026-08-10 (items 5.02, 8.01, 9.01); 2026-07-21 (items 2.02, 9.01); 2026-07-01 (items 5.03, 9.01); 2026-06-02 (items 8.01, 9.01); 2026-05-11 (items 5.07, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.