Aviva PLC trimmed its position in shares of Mueller Industries, Inc. (NYSE:MLI – Get Rating) by 30.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,529 shares of the industrial products company’s stock after selling 11,425 shares during the period. Aviva PLC’s holdings in Mueller Industries were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Mueller Industries by 9.9% during the third quarter. Van ECK Associates Corp now owns 1,817 shares of the industrial products company’s stock valued at $108,000 after buying an additional 164 shares in the last quarter. Captrust Financial Advisors raised its holdings in Mueller Industries by 3.6% during the second quarter. Captrust Financial Advisors now owns 5,101 shares of the industrial products company’s stock valued at $272,000 after buying an additional 175 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Mueller Industries by 50.1% during the second quarter. Quadrant Capital Group LLC now owns 776 shares of the industrial products company’s stock valued at $41,000 after buying an additional 259 shares in the last quarter. Summit Global Investments raised its holdings in Mueller Industries by 1.9% during the second quarter. Summit Global Investments now owns 16,503 shares of the industrial products company’s stock valued at $879,000 after buying an additional 303 shares in the last quarter. Finally, Navellier & Associates Inc. raised its holdings in Mueller Industries by 5.6% during the third quarter. Navellier & Associates Inc. now owns 6,559 shares of the industrial products company’s stock valued at $390,000 after buying an additional 348 shares in the last quarter. 89.64% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CEO Gregory L. Christopher sold 55,381 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $74.16, for a total value of $4,107,054.96. Following the sale, the chief executive officer now directly owns 625,784 shares of the company’s stock, valued at $46,408,141.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Gregory L. Christopher sold 55,381 shares of Mueller Industries stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $74.16, for a total transaction of $4,107,054.96. Following the sale, the chief executive officer now directly owns 625,784 shares of the company’s stock, valued at $46,408,141.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John B. Hansen sold 1,778 shares of Mueller Industries stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $73.43, for a total value of $130,558.54. Following the sale, the director now directly owns 54,107 shares in the company, valued at $3,973,077.01. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.
Mueller Industries Price Performance
Mueller Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a $0.30 dividend. This is an increase from Mueller Industries’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, March 16th. Mueller Industries’s dividend payout ratio (DPR) is currently 8.60%.
Mueller Industries Company Profile
Mueller Industries, Inc engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment consists of Domestic Piping Systems Group, Great Lakes Copper, Heatlink Group, European Operations, Trading Group, Jungwoo-Mueller, and Mueller Middle East.
Read More
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