Mueller Industries, Inc. (NYSE:MLI) Director John B. Hansen Sells 4,000 Shares of Stock

Mueller Industries, Inc. (NYSE:MLI) Director John B. Hansen sold 4,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $57.29, for a total value of $229,160.00. Following the transaction, the director now directly owns 104,214 shares in the company, valued at $5,970,420.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mueller Industries Price Performance

Shares of NYSE MLI opened at $58.40 on Friday. The business’s 50-day moving average price is $52.13 and its two-hundred day moving average price is $46.78. Mueller Industries, Inc. has a one year low of $34.08 and a one year high of $59.59. The company has a market capitalization of $6.63 billion, a P/E ratio of 11.70 and a beta of 1.08.

Mueller Industries (NYSE:MLI) last issued its 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 firm had revenue of $732.38 million for the quarter.

Mueller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.37%. This is an increase from Mueller Industries’s previous quarterly dividend of $0.15. Mueller Industries’s payout ratio is 16.03%.

Analyst Upgrades and Downgrades

MLI has been the topic of several recent analyst reports. Northcoast Research reissued a “neutral” rating on shares of Mueller Industries in a research report on Friday, January 19th. StockNews.com downgraded Mueller Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd.

Institutional Trading of Mueller Industries

Large investors have recently made changes to their positions in the stock. F&V Capital Management LLC boosted its stake in shares of Mueller Industries by 100.0% during the 4th quarter. F&V Capital Management LLC now owns 164,890 shares of the industrial products company’s stock worth $7,775,000 after acquiring an additional 82,445 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Mueller Industries during the 4th quarter worth about $2,678,000. Nisa Investment Advisors LLC boosted its stake in shares of Mueller Industries by 86.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,850 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 4,575 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Mueller Industries by 181.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 57,165 shares of the industrial products company’s stock worth $4,297,000 after acquiring an additional 36,835 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of Mueller Industries during the 3rd quarter worth about $705,000. Institutional investors own 94.50% of the company’s stock.

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.