EAM Investors LLC Has $2.52 Million Stock Position in Mueller Industries, Inc. (NYSE:MLI)

EAM Investors LLC lessened its stake in Mueller Industries, Inc. (NYSE:MLI) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,804 shares of the industrial products company’s stock after selling 39,258 shares during the quarter. EAM Investors LLC’s holdings in Mueller Industries were worth $2,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in Mueller Industries during the fourth quarter worth $32,000. Westside Investment Management Inc. bought a new stake in shares of Mueller Industries in the 3rd quarter valued at about $41,000. SBI Securities Co. Ltd. acquired a new stake in Mueller Industries in the 4th quarter valued at about $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mueller Industries in the 4th quarter valued at about $53,000. Finally, City State Bank bought a new position in Mueller Industries during the fourth quarter worth about $58,000. 94.50% of the stock is owned by institutional investors.

Insider Activity at Mueller Industries

In other news, Director Scott Jay Goldman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $79.81, for a total value of $798,100.00. Following the transaction, the director now owns 56,098 shares of the company’s stock, valued at approximately $4,477,181.38. This represents a 15.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Mueller Industries Stock Down 3.4 %

NYSE:MLI opened at $71.03 on Thursday. Mueller Industries, Inc. has a 12-month low of $51.81 and a 12-month high of $96.81. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.38 and a beta of 0.96. The stock’s 50 day moving average price is $77.93 and its two-hundred day moving average price is $79.85.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

Mueller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.25 per share. This is an increase from Mueller Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.41%. Mueller Industries’s payout ratio is presently 18.83%.

Mueller Industries Company 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.