Nisa Investment Advisors LLC Has $464,000 Holdings in Mueller Industries, Inc. (NYSE:MLI)

Nisa Investment Advisors LLC boosted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 86.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,850 shares of the industrial products company’s stock after purchasing an additional 4,575 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mueller Industries were worth $464,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. F&V Capital Management LLC raised its stake in Mueller Industries by 100.0% during the 4th quarter. F&V Capital Management LLC now owns 164,890 shares of the industrial products company’s stock valued at $7,775,000 after purchasing an additional 82,445 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Mueller Industries by 181.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 57,165 shares of the industrial products company’s stock valued at $4,297,000 after purchasing an additional 36,835 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new position in Mueller Industries during the 3rd quarter valued at $705,000. Quantbot Technologies LP acquired a new position in Mueller Industries during the 3rd quarter valued at $954,000. Finally, California Public Employees Retirement System increased its holdings in Mueller Industries by 43.5% in the 3rd quarter. California Public Employees Retirement System now owns 110,229 shares of the industrial products company’s stock valued at $8,285,000 after buying an additional 33,422 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MLI has been the topic of several analyst reports. StockNews.com lowered shares of Mueller Industries from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Northcoast Research reissued a “neutral” rating on shares of Mueller Industries in a report on Friday, January 19th.

Mueller Industries Price Performance

Shares of Mueller Industries stock opened at $51.96 on Thursday. The firm has a market capitalization of $5.90 billion, a PE ratio of 9.78 and a beta of 1.08. The company’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $46.15. Mueller Industries, Inc. has a 52-week low of $33.59 and a 52-week high of $54.64.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter. Mueller Industries had a net margin of 17.63% and a return on equity of 27.59%. The firm had revenue of $732.38 million for the quarter.

Mueller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.20 dividend. This is a positive change from Mueller Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. Mueller Industries’s dividend payout ratio is presently 15.05%.

Insider Transactions at Mueller Industries

In other news, CFO Jeffrey Andrew Martin sold 47,280 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $49.25, for a total value of $2,328,540.00. Following the sale, the chief financial officer now owns 370,840 shares of the company’s stock, valued at approximately $18,263,870. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director John B. Hansen sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $49.33, for a total transaction of $246,650.00. Following the transaction, the director now owns 18,000 shares in the company, valued at approximately $887,940. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Andrew Martin sold 47,280 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.25, for a total transaction of $2,328,540.00. Following the transaction, the chief financial officer now owns 370,840 shares in the company, valued at approximately $18,263,870. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

About Mueller Industries

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.