National Bank of Canada FI Purchases 62,094 Shares of Mueller Industries, Inc. (NYSE:MLI)

National Bank of Canada FI boosted its position in Mueller Industries, Inc. (NYSE:MLIFree Report) by 79.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,308 shares of the industrial products company’s stock after purchasing an additional 62,094 shares during the quarter. National Bank of Canada FI owned about 0.12% of Mueller Industries worth $6,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Mueller Industries by 124.3% during the fourth quarter. Fifth Third Bancorp now owns 527 shares of the industrial products company’s stock worth $25,000 after buying an additional 292 shares in the last quarter. Larson Financial Group LLC lifted its position in Mueller Industries by 100.0% during the fourth quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 299 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new position in Mueller Industries in the 3rd quarter worth approximately $30,000. Adirondack Trust Co. purchased a new stake in shares of Mueller Industries during the 3rd quarter valued at $45,000. Finally, Versant Capital Management Inc grew its position in Mueller Industries by 100.0% in the fourth quarter. Versant Capital Management Inc now owns 974 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 487 shares in the last quarter. 94.50% of the stock is owned by institutional investors.

Mueller Industries Stock Up 0.9 %

Shares of Mueller Industries stock opened at $58.86 on Friday. The business has a 50 day moving average of $53.84 and a 200 day moving average of $47.83. Mueller Industries, Inc. has a 52 week low of $34.96 and a 52 week high of $59.59. The company has a market cap of $6.69 billion, a PE ratio of 11.80 and a beta of 1.08.

Mueller Industries (NYSE:MLIGet Free Report) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter. Mueller Industries had a net margin of 17.22% and a return on equity of 24.69%. 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, March 14th. This is a boost from Mueller Industries’s previous quarterly dividend of $0.15. Mueller Industries’s dividend payout ratio (DPR) is presently 16.03%.

Insider Activity at Mueller Industries

In other news, Director John B. Hansen sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $57.29, for a total value of $229,160.00. Following the sale, the director now directly owns 104,214 shares of the company’s stock, valued at approximately $5,970,420.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the 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 sale, the chief financial officer now directly owns 313,529 shares of the company’s stock, valued at approximately $17,949,535.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hansen sold 4,000 shares of Mueller Industries stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $57.29, for a total transaction of $229,160.00. Following the completion of the transaction, the director now directly owns 104,214 shares of the company’s stock, valued at $5,970,420.06. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MLI has been the subject of a number of recent research reports. Northcoast Research restated a “neutral” rating on shares of Mueller Industries in a research report on Friday, January 19th. StockNews.com lowered shares of Mueller Industries from a “buy” rating to a “hold” rating in a report on Monday, January 22nd.

Check Out Our Latest Research Report on MLI

About Mueller Industries

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

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