Director Herzog sells 15,000 MLI shares at $92.04, reducing stake 45.8%; stock now 7.8% below 52-week high.
Herzog Charles P Jr divested 15,000 shares (45.8% of his pre-transaction holding) at $92.04, just 3 cents shy of the stock's 52-week high of $95.34. His prior trades at Mueller Industries show mixed outcomes, with 3 of 4 prior buys delivering positive 90-day returns, but this particular sale occurs as the stock trades 7.8% below its peak despite a strong 24.2% gain over the past 90 days. The company faces headwinds: annual revenue contracted 14.1% year-over-year despite a substantial $168.7M net income in the latest quarter. This sale near the 52-week high, following a recent multi-month rally, represents a substantial reduction in the director's exposure to Mueller Industries.