Have Mueller Industries, Inc. (NYSE:MLI) Insiders Been Selling Their Stock?

Investors may wish to note that the Independent Director of Mueller Industries, Inc., John Hansen, recently netted US$95k from selling stock, receiving an average price of US$63.13. On the bright side, that's just a small sale and only reduced their holding by 2.1%.

View our latest analysis for Mueller Industries

The Last 12 Months Of Insider Transactions At Mueller Industries

Over the last year, we can see that the biggest insider sale was by the insider, Mario Gabelli, for US$2.3m worth of shares, at about US$69.79 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of US$62.60. So it may not shed much light on insider confidence at current levels.

Insiders in Mueller Industries didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Mueller Industries insiders own 2.9% of the company, worth about US$102m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Mueller Industries Tell Us?

Insiders sold Mueller Industries shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Mueller Industries makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mueller Industries. While conducting our analysis, we found that Mueller Industries has 1 warning sign and it would be unwise to ignore this.

Of course Mueller Industries may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.