Mueller Industries, Inc. (NYSE:MLI) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lifted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 100.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,453 shares of the industrial products company’s stock after buying an additional 5,227 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Mueller Industries were worth $493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp lifted 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 valued at $25,000 after purchasing an additional 292 shares during the period. Larson Financial Group LLC raised its position in shares of Mueller Industries by 100.0% in the fourth quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 299 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in shares of Mueller Industries in the third quarter worth about $30,000. Adirondack Trust Co. acquired a new position in shares of Mueller Industries in the third quarter worth about $45,000. Finally, Versant Capital Management Inc raised its position in shares of 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 during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the company’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 completion of the sale, the chief financial officer now owns 313,529 shares of the company’s stock, valued at approximately $17,949,535.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the company’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 completion of the sale, the chief financial officer now owns 313,529 shares of the company’s stock, valued at approximately $17,949,535.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders sold a total of 108,716 shares of company stock worth $5,806,311 in the last 90 days. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Mueller Industries Stock Performance

Shares of MLI traded down $0.07 during mid-day trading on Friday, hitting $56.81. 482,666 shares of the company were exchanged, compared to its average volume of 705,536. Mueller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $59.59. The company has a 50 day moving average of $53.25 and a 200-day moving average of $47.69. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 11.38 and a beta of 1.08.

Mueller Industries (NYSE:MLI) last released its quarterly 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 during the quarter.

Mueller Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Mueller Industries’s previous quarterly dividend of $0.15. Mueller Industries’s dividend payout ratio is 16.03%.

Mueller Industries Profile

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.