4,402 Shares in Mueller Industries, Inc. (NYSE:MLI) Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new position in shares of Mueller Industries, Inc. (NYSE:MLI) in the first quarter, Holdings Channel.com reports. The institutional investor bought 4,402 shares of the industrial products company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Mueller Industries by 103.1% during the first quarter. Golden State Wealth Management LLC now owns 331 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Mueller Industries during the first quarter worth about $34,000. Opal Wealth Advisors LLC purchased a new position in Mueller Industries during the first quarter valued at approximately $40,000. Quarry LP purchased a new position in Mueller Industries during the fourth quarter valued at approximately $45,000. Finally, Point72 Hong Kong Ltd purchased a new position in Mueller Industries during the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Mueller Industries Trading Down 0.7%

Shares of MLI stock opened at $91.51 on Friday. The stock has a 50 day moving average of $83.28 and a 200 day moving average of $79.24. The stock has a market cap of $10.13 billion, a P/E ratio of 14.53 and a beta of 1.02. Mueller Industries, Inc. has a twelve month low of $65.24 and a twelve month high of $96.81.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.34. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Mueller Industries had a return on equity of 24.47% and a net margin of 17.48%. Mueller Industries’s revenue for the quarter was up 14.1% compared to the same quarter last year.

Mueller Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Industries’s payout ratio is 15.87%.

Insider Activity at Mueller Industries

In other news, Director John B. Hansen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $91.97, for a total value of $91,970.00. Following the completion of the sale, the director directly owned 92,664 shares in the company, valued at $8,522,308.08. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company 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.