Linden Thomas Advisory Services LLC Has $1.46 Million Holdings in Mueller Industries, Inc. (NYSE:MLI)

Linden Thomas Advisory Services LLC trimmed its stake in Mueller Industries, Inc. (NYSE:MLI) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,391 shares of the industrial products company’s stock after selling 204 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Mueller Industries were worth $1,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Mueller Industries by 36.0% during the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 146 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Mueller Industries in the third quarter valued at $41,000. City State Bank acquired a new position in shares of Mueller Industries in the fourth quarter valued at $58,000. Harbor Capital Advisors Inc. bought a new position in Mueller Industries in the third quarter worth $64,000. Finally, Quarry LP boosted its stake in Mueller Industries by 525.5% during the second quarter. Quarry LP now owns 1,301 shares of the industrial products company’s stock worth $74,000 after buying an additional 1,093 shares in the last quarter. Institutional investors own 94.50% of the company’s stock.

Analyst Ratings Changes

Separately, Northcoast Research upgraded shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, December 11th.

Mueller Industries Trading Down 1.3 %

NYSE MLI opened at $80.78 on Friday. Mueller Industries, Inc. has a 1-year low of $47.11 and a 1-year high of $96.81. The stock’s 50 day moving average is $81.57 and its two-hundred day moving average is $75.78. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 15.68 and a beta of 1.00.

Mueller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.99%. Mueller Industries’s payout ratio is presently 15.53%.

Insider Activity

In other Mueller Industries news, Director Charles P. Herzog, Jr. sold 15,000 shares of Mueller Industries stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $92.04, for a total value of $1,380,600.00. Following the completion of the transaction, the director now owns 17,733 shares in the company, valued at approximately $1,632,145.32. The trade was a 45.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John B. Hansen sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the transaction, the director now directly owns 94,914 shares in the company, valued at approximately $7,886,404.26. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate 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.