Public Employees Retirement System of Ohio Has $302,000 Stake in Mueller Industries, Inc. (MLI)
Public Employees Retirement System of Ohio decreased its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 52.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,649 shares of the industrial products company’s stock after selling 9,502 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mueller Industries were worth $302,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MLI. Raymond James Financial Services Advisors Inc. acquired a new stake in Mueller Industries in the 2nd quarter valued at approximately $206,000. Magnetar Financial LLC acquired a new stake in Mueller Industries in the 3rd quarter valued at approximately $206,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Mueller Industries in the 3rd quarter valued at approximately $227,000. Amalgamated Bank grew its holdings in Mueller Industries by 5.2% in the 2nd quarter. Amalgamated Bank now owns 7,949 shares of the industrial products company’s stock valued at $242,000 after buying an additional 394 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Mueller Industries in the 2nd quarter valued at approximately $266,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mueller Industries, Inc. (NYSE:MLI) opened at $36.45 on Monday. The stock has a market capitalization of $2,106.99, a P/E ratio of 21.57 and a beta of 1.41. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.73. Mueller Industries, Inc. has a fifty-two week low of $27.72 and a fifty-two week high of $43.96.
Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $550.36 million for the quarter. Mueller Industries had a return on equity of 15.68% and a net margin of 4.39%.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, November 30th. Mueller Industries’s dividend payout ratio (DPR) is currently 23.67%.
In other Mueller Industries news, Director Charles P. Herzog, Jr. bought 3,624 shares of the stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $34.72 per share, with a total value of $125,825.28. Following the acquisition, the director now directly owns 3,624 shares of the company’s stock, valued at approximately $125,825.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Hansen sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $33.15, for a total value of $66,300.00. Following the completion of the sale, the director now directly owns 45,607 shares in the company, valued at approximately $1,511,872.05. The disclosure for this sale can be found here. Company insiders own 2.79% of the company’s stock.
About Mueller Industries
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
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