Mueller Industries, Inc. (NYSE:MLI - Get Free Report) Director John B. Hansen sold 4,000 shares of the company's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $57.29, for a total value of $229,160.00. Following the sale, the director now owns 104,214 shares of the company's stock, valued at $5,970,420.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mueller Industries Stock Performance
Shares of MLI opened at $58.40 on Friday. Mueller Industries, Inc. has a 52 week low of $34.08 and a 52 week high of $59.59. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.70 and a beta of 1.08. The stock has a fifty day moving average of $52.13 and a 200-day moving average of $46.78.
Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter. Mueller Industries had a return on equity of 24.69% and a net margin of 17.22%. The company had revenue of $732.38 million during the quarter.
Mueller Industries Increases Dividend
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The company also recently declared 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 1.37%. This is a boost from Mueller Industries's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, March 14th. Mueller Industries's dividend payout ratio is presently 16.03%.
Wall Street Analyst Weigh In
MLI has been the subject of several recent analyst reports. Northcoast Research restated a "neutral" rating on shares of Mueller Industries in a research note on Friday, January 19th. StockNews.com cut Mueller Industries from a "buy" rating to a "hold" rating in a research note on Monday, January 22nd.
Get Our Latest Analysis on MLI
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Mueller Industries during the 3rd quarter worth $1,093,000. Measured Wealth Private Client Group LLC raised its position in Mueller Industries by 11.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 5,226 shares of the industrial products company's stock worth $393,000 after purchasing an additional 522 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new position in Mueller Industries during the 3rd quarter worth $705,000. Deltec Asset Management LLC bought a new position in Mueller Industries during the 3rd quarter worth $286,000. Finally, Raymond James & Associates raised its position in Mueller Industries by 9.8% during the 3rd quarter. Raymond James & Associates now owns 31,023 shares of the industrial products company's stock worth $2,332,000 after purchasing an additional 2,763 shares during the last quarter. 94.50% of the stock is currently owned by institutional investors.
Mueller Industries Company Profile
(
Get 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.
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