This Insider Has Just Sold Shares In Mueller Industries

We wouldn't blame Mueller Industries, Inc. (NYSE:MLI) shareholders if they were a little worried about the fact that Jeffrey Martin, the Executive VP recently netted about US$3.0m selling shares at an average price of US$57.25. That's a big disposal, and it decreased their holding size by 14%, which is notable but not too bad.

Check out our latest analysis for Mueller Industries

Mueller Industries Insider Transactions Over The Last Year

In fact, the recent sale by Jeffrey Martin was the biggest sale of Mueller Industries shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$55.82. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Mueller Industries insiders didn't buy any company stock. 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!

I will like Mueller Industries better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Mueller Industries Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Mueller Industries insiders own 2.6% of the company, currently worth about US$165m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Mueller Industries Insider Transactions Indicate?

Insiders sold Mueller Industries shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Mueller Industries that deserve your attention before buying any shares.

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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 of direct interests only, but not derivative transactions or indirect interests.

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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.