Mueller Industries Inc. (NYSE:MLI) CEO Gregory L. Christopher sold 40,000 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $38.03, for a total value of $1,521,200.00. Following the sale, the chief executive officer now owns 255,673 shares in the company, valued at approximately $9,723,244.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Mueller Industries Inc. (NYSE:MLI) traded up 1.02% during midday trading on Wednesday, reaching $38.45. The company’s stock had a trading volume of 138,922 shares. The stock has a market capitalization of $2.21 billion, a PE ratio of 22.75 and a beta of 1.27. Mueller Industries Inc. has a 12 month low of $23.09 and a 12 month high of $38.78. The stock’s 50 day moving average is $32.29 and its 200 day moving average is $32.61.

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

Insider Buying and Selling by Quarter for Mueller Industries (NYSE:MLI)

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.04%.

Institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Mueller Industries by 7.4% in the second quarter. FMR LLC now owns 5,155,550 shares of the company’s stock valued at $164,359,000 after buying an additional 356,470 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Mueller Industries by 8.6% in the third quarter. BlackRock Fund Advisors now owns 4,066,406 shares of the company’s stock valued at $131,833,000 after buying an additional 321,344 shares in the last quarter. Matarin Capital Management LLC acquired a new position in shares of Mueller Industries during the third quarter valued at about $6,080,000. Gamco Investors INC. ET AL increased its position in shares of Mueller Industries by 3.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,115,500 shares of the company’s stock valued at $131,202,000 after buying an additional 132,846 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Mueller Industries during the third quarter valued at about $3,351,000. Institutional investors and hedge funds own 92.86% of the company’s stock.

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About Mueller Industries

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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