Great West Life Assurance Co. Can boosted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 6.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 81,320 shares of the industrial products company’s stock after buying an additional 5,192 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Mueller Industries worth $2,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Mueller Industries by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the industrial products company’s stock valued at $217,000 after buying an additional 130 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Mueller Industries by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the industrial products company’s stock valued at $804,000 after buying an additional 400 shares in the last quarter. Pacad Investment Ltd. boosted its position in Mueller Industries by 16.7% in the fourth quarter. Pacad Investment Ltd. now owns 4,200 shares of the industrial products company’s stock valued at $168,000 after buying an additional 600 shares in the last quarter. First Midwest Bank Trust Division boosted its position in Mueller Industries by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 22,736 shares of the industrial products company’s stock valued at $778,000 after buying an additional 738 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Mueller Industries by 0.9% in the third quarter. California State Teachers Retirement System now owns 120,060 shares of the industrial products company’s stock valued at $3,892,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

Shares of Mueller Industries, Inc. (MLI) traded down 0.29% during trading on Monday, reaching $30.51. The company’s stock had a trading volume of 173,918 shares. The company’s 50 day moving average price is $29.90 and its 200 day moving average price is $36.03. The firm has a market cap of $1.76 billion, a PE ratio of 17.33 and a beta of 1.35. Mueller Industries, Inc. has a 12 month low of $27.72 and a 12 month high of $43.96.

Mueller Industries (NYSE:MLI) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.52 EPS for the quarter. The firm had revenue of $577.92 million for the quarter. Mueller Industries had a return on equity of 12.31% and a net margin of 4.81%. On average, equities analysts predict that Mueller Industries, Inc. will post $1.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.31%.

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In other news, CFO Jeffrey Andrew Martin sold 3,000 shares of Mueller Industries stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $33.41, for a total value of $100,230.00. Following the transaction, the chief financial officer now owns 98,994 shares in the company, valued at $3,307,389.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.79% of the stock is currently owned by insiders.

Mueller Industries Company Profile

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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