Duality Advisers LP bought a new stake in Mueller Industries, Inc. (NYSE:MLI – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,579 shares of the industrial products company’s stock, valued at approximately $211,000.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Mueller Industries by 0.7% during the first quarter. BlackRock Inc. now owns 8,779,865 shares of the industrial products company’s stock worth $475,606,000 after purchasing an additional 64,501 shares during the last quarter. Vanguard Group Inc. increased its holdings in Mueller Industries by 1.9% in the first quarter. Vanguard Group Inc. now owns 6,341,321 shares of the industrial products company’s stock valued at $343,510,000 after buying an additional 116,393 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mueller Industries by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,069,894 shares of the industrial products company’s stock valued at $123,034,000 after buying an additional 32,613 shares in the last quarter. State Street Corp increased its holdings in Mueller Industries by 0.9% in the third quarter. State Street Corp now owns 1,928,353 shares of the industrial products company’s stock valued at $114,621,000 after buying an additional 17,903 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Mueller Industries by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 750,118 shares of the industrial products company’s stock valued at $44,586,000 after buying an additional 22,182 shares in the last quarter. 89.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Scott Jay Goldman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $73.01, for a total transaction of $219,030.00. Following the transaction, the director now directly owns 21,037 shares in the company, valued at $1,535,911.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Scott Jay Goldman sold 3,000 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $73.01, for a total transaction of $219,030.00. Following the transaction, the director now owns 21,037 shares of the company’s stock, valued at approximately $1,535,911.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John B. Hansen sold 1,778 shares of the company’s 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 owns 54,107 shares in the company, valued at approximately $3,973,077.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,785 shares of company stock worth $422,849. 3.00% of the stock is owned by insiders.
Mueller Industries Stock Up 0.6 %
Mueller Industries (NYSE:MLI – Get Rating) last announced its earnings results on Tuesday, February 7th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter. Mueller Industries had a net margin of 17.07% and a return on equity of 38.46%. The business had revenue of $877.58 million for the quarter.
Mueller Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be given a $0.30 dividend. The ex-dividend date is Thursday, June 1st. This represents a $1.20 annualized dividend and a dividend yield of 1.60%. Mueller Industries’s dividend payout ratio (DPR) is 10.07%.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Mueller Industries in a report on Thursday, March 16th. They issued a “buy” rating for the company.
Mueller Industries 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.
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