Mueller Industries Inc. (NYSE:mli) declared a quarterly dividend on Monday, November 14th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.10 per share on Monday, December 19th. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, November 30th.

Mueller Industries (NYSE:MLI) opened at 35.27 on Tuesday. The firm’s 50-day moving average price is $31.42 and its 200 day moving average price is $32.33. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 20.87 and a beta of 1.27. Mueller Industries has a 12-month low of $23.09 and a 12-month high of $36.83.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $0.45 earnings per share (EPS) for the quarter. Mueller Industries had a net margin of 4.71% and a return on equity of 10.81%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, analysts expect that Mueller Industries will post $1.55 earnings per share for the current year.

Dividend History for Mueller Industries (NYSE:mli)

In other news, VP Richard W. Corman sold 3,768 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $34.20, for a total transaction of $128,865.60. Following the completion of the transaction, the vice president now directly owns 34,122 shares in the company, valued at $1,166,972.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Advisors LLC increased its stake in Mueller Industries by 2.9% in the second quarter. BlackRock Advisors LLC now owns 26,870 shares of the company’s stock worth $857,000 after buying an additional 763 shares during the last quarter. BlackRock Investment Management LLC increased its stake in Mueller Industries by 6.9% in the second quarter. BlackRock Investment Management LLC now owns 243,658 shares of the company’s stock worth $7,768,000 after buying an additional 15,786 shares during the last quarter. BlackRock Inc. increased its stake in Mueller Industries by 11.8% in the second quarter. BlackRock Inc. now owns 27,409 shares of the company’s stock worth $874,000 after buying an additional 2,901 shares during the last quarter. BlackRock Fund Advisors increased its stake in Mueller Industries by 3.3% in the second quarter. BlackRock Fund Advisors now owns 3,745,062 shares of the company’s stock worth $119,393,000 after buying an additional 119,720 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in Mueller Industries by 7.2% in the second quarter. BlackRock Group LTD now owns 223,990 shares of the company’s stock worth $7,141,000 after buying an additional 15,015 shares during the last quarter. Institutional investors own 92.89% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc (Mueller) is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). Its Plumbing & Refrigeration segment consists of Standard Products (SPD), Great Lakes Copper Ltd.

5 Day Chart for NYSE:MLI

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