The 25 Biggest Insider Purchases in October

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24. Mueller Industries, Inc. (NYSE:MLI)

Who Bought Shares: Director Terry Hermanson

How Many Shares Were Bought: 4,000 @ $25.04 per share

Date of the Transaction(s): October 25

Mueller Industries, Inc. (NYSE:MLI) shares have fallen by nearly 25% since late-August and hit a 52-week low on October 23, just ahead of this insider purchase of 4,000 shares. Mueller’s Chairman and CEO also reported purchasing 7,000 shares on the same date, though they are indirectly owned through trusts. Mueller’s Q3 results released on October 23 didn’t inspire much investor confidence, as diluted earnings per share of $0.35 missed the Zack’s consensus estimate by $0.14.

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