Mueller Industries, Inc. (NYSE:MLI) CFO Jeffrey Andrew Martin sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $32.01, for a total transaction of $112,035.00. Following the transaction, the chief financial officer now owns 111,146 shares in the company, valued at $3,557,783.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mueller Industries, Inc. (MLI) opened at 32.66 on Tuesday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 18.65 and a beta of 1.38. Mueller Industries, Inc. has a 12 month low of $27.72 and a 12 month high of $43.96. The stock’s 50 day moving average is $30.01 and its 200-day moving average is $31.25.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, August 31st. Mueller Industries’s dividend payout ratio is currently 22.86%.

WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/19/mueller-industries-inc-mli-cfo-jeffrey-andrew-martin-sells-3500-shares-of-stock.html.

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in shares of Mueller Industries in the 2nd quarter valued at approximately $152,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Mueller Industries in the 1st quarter valued at approximately $168,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Mueller Industries in the 2nd quarter valued at approximately $206,000. Two Sigma Securities LLC acquired a new stake in shares of Mueller Industries in the 1st quarter valued at approximately $222,000. Finally, Amalgamated Bank boosted its stake in shares of Mueller Industries by 5.2% in the 2nd quarter. Amalgamated Bank now owns 7,949 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 394 shares in the last quarter. Institutional investors own 91.12% of the company’s stock.

Separately, BidaskClub lowered shares of Mueller Industries from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.

About Mueller Industries

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.

Receive News & Stock Ratings for Mueller Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries Inc. and related stocks with our FREE daily email newsletter.