Freedom Broker Cuts Mueller Industries (MLI) Price Target to $76

Freedom Broker maintained its Buy rating on Mueller Industries, Inc. (NYSE: MLI) while adjusting its price target from $80.00 to $76.00 on October 22, 2026. The research note provides a forward-looking perspective on the metal fabrication firm as shares trade relative to recent analyst expectations.

MLI Mueller Industries, Inc.

$57.54 ▼ -0.64% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Freedom Broker's Call on Mueller Industries

On October 22, 2026, Freedom Broker reaffirmed its Buy stance on Mueller Industries, Inc. while trimming the target price down to $76.00 from its previous target of $80.00.

Other Institutional Activity in Mueller Industries

Institutional investors have adjusted their positions in the metal fabrication company ahead of the rating update. Old National Bancorp grew its holdings by 107,765 shares, ending with 208,020 shares worth about $12,608,091.0. First Trust Advisors LP holds 13,664,782 shares valued at approximately $745,140,545.0 after adding 2,476,063 shares, marking a 22.1% increase. AQR Capital Management, LLC reduced its stake by 340,464 shares, or 3.5%, holding 9,414,946 shares worth roughly $513,396,993.0. William Blair Investment Management, LLC trimmed its holdings by 247,265 shares, representing a 5.9% decrease to 3,972,278 shares valued at about $216,608,314.0.

Mueller Industries, Inc. Stock Up 1.3%

The stock recently traded at $57.54 as of October 22, 2026, after closing at $54.53 on the same day. That puts the recent price up about 5.5% since that session.

Recent Earnings

Mueller Industries, Inc. manufactures and sells copper, brass, and aluminum products across multiple global markets through its Piping Systems, Industrial Metals, and Climate segments. The company reported trailing-twelve-month revenue of $5,001,910,784.0 and earnings of $3.90 per share. It generated a net profit margin of 17.3% and a return on equity of 26.3%. The next quarterly earnings report is scheduled for release on February 2, 2027.

Dividend

Eligible shareholders receive an annual dividend rate of $0.70 per share, which translates to a dividend yield of 1.22%. The payout represents 15.6% of earnings.

Insider Buying and Selling at Mueller Industries, Inc.

Company insiders have executed multiple transactions over recent months. Director John B Hansen disposed of 3,444 shares on August 4, 2026, valued at $233,640.0. Chief Executive Officer Gregory L Christopher sold 340,000 shares on August 11, 2026, for a total value of $233,843,10.0. Chief Financial Officer Jeffrey Andrew Martin sold 86,209 shares on August 13, 2026, at an average price of $67.03 per share, totaling $5,778,848.0. Director Scott Jay Goldman sold 2,000 shares on August 27, 2026, at $64.08 per share for a total value of $128,160.0.

Analysts Set New Price Targets

Freedom Broker maintained its rating on October 22, 2026, while lowering its price target to $76 from $80. Overall, the stock carries a consensus recommendation key of strong buy and a mean price target of $80.00 based on analyst opinions.

About Mueller Industries

Headquartered in Collierville, Tennessee, Mueller Industries operates facilities that produce piping systems, industrial metals, and climate control components. The firm employs 4,832 people and serves plumbing, HVAC, and industrial supply chains worldwide.

Bottom Line

Investors will look toward the company's next earnings release on February 2, 2027, for further updates on financial performance and margin trends following Freedom Broker's updated price target.