Mueller Industries, Inc. (MLI) CFO Jeffrey Andrew Martin Sells 3,500 Shares of Stock
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%.
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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.
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