Mueller Industries, Inc. (NYSE:MLI) CFO Sells $3,001,961.00 in Stock

Mueller Industries, Inc. (NYSE:MLI) CFO Jeffrey Andrew Martin sold 52,436 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $57.25, for a total transaction of $3,001,961.00. Following the transaction, the chief financial officer now directly owns 313,529 shares in the company, valued at approximately $17,949,535.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jeffrey Andrew Martin also recently made the following trade(s):

• On Thursday, February 8th, Jeffrey Andrew Martin sold 47,280 shares of Mueller Industries stock. The shares were sold at an average price of $49.25, for a total transaction of $2,328,540.00.

Mueller Industries Stock Up 0.5 %

MLI stock opened at $56.09 on Thursday. The firm has a 50 day moving average of $52.75 and a 200 day moving average of $47.43. The stock has a market capitalization of $6.37 billion, a PE ratio of 11.24 and a beta of 1.08. Mueller Industries, Inc. has a 52 week low of $34.96 and a 52 week high of $59.59.

Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter. The company had revenue of $732.38 million during the quarter. Mueller Industries had a net margin of 17.22% and a return on equity of 24.69%.

Mueller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Mueller Industries’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.43%. Mueller Industries’s dividend payout ratio (DPR) is 16.03%.

Institutional Trading of Mueller Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. F&V Capital Management LLC lifted 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 acquiring an additional 82,445 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Mueller Industries during the 4th quarter valued at approximately $2,678,000. Nisa Investment Advisors LLC lifted its stake in Mueller Industries by 86.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,850 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 4,575 shares during the period. Meritage Portfolio Management lifted its stake in Mueller Industries by 297.7% during the 4th quarter. Meritage Portfolio Management now owns 20,938 shares of the industrial products company’s stock valued at $987,000 after acquiring an additional 15,673 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in Mueller Industries by 66.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 276,739 shares of the industrial products company’s stock valued at $13,048,000 after acquiring an additional 110,602 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MLI. Northcoast Research restated a “neutral” rating on shares of Mueller Industries in a report on Friday, January 19th. StockNews.com cut shares of Mueller Industries from a “buy” rating to a “hold” rating in a report on Monday, January 22nd.

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.