Mueller Industries, Inc. (NYSE:MLI) CFO Jeffrey Andrew Martin Sells 52,436 Shares

Mueller Industries, Inc. (NYSE:MLI) CFO Jeffrey Andrew Martin sold 52,436 shares of Mueller Industries stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $57.25, for a total transaction of $3,001,961.00. Following the transaction, the chief financial officer now directly owns 313,529 shares of the company’s stock, valued at $17,949,535.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jeffrey Andrew Martin also recently made the following trade(s):

• On Thursday, February 8th, Jeffrey Andrew Martin sold 47,280 shares of Mueller Industries stock. The shares were sold at an average price of $49.25, for a total transaction of $2,328,540.00.

Mueller Industries Price Performance

Shares of MLI stock opened at $58.05 on Tuesday. Mueller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $59.59. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 11.63 and a beta of 1.08. The stock has a 50 day simple moving average of $52.61 and a 200-day simple moving average of $47.29.

Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter. Mueller Industries had a return on equity of 24.69% and a net margin of 17.22%. The business had revenue of $732.38 million for the quarter.

Mueller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.20 dividend. This is a boost from Mueller Industries’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.38%. The ex-dividend date was Thursday, March 14th. Mueller Industries’s dividend payout ratio is presently 16.03%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Mueller Industries in the third quarter valued at about $1,093,000. Linden Thomas Advisory Services LLC acquired a new position in Mueller Industries in the 3rd quarter valued at about $705,000. Deltec Asset Management LLC purchased a new stake in shares of Mueller Industries in the 3rd quarter valued at approximately $286,000. Raymond James & Associates increased its holdings in shares of Mueller Industries by 9.8% during the 3rd quarter. Raymond James & Associates now owns 31,023 shares of the industrial products company’s stock worth $2,332,000 after buying an additional 2,763 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of Mueller Industries by 9.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 13,194 shares of the industrial products company’s stock valued at $992,000 after buying an additional 1,088 shares during the period. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Northcoast Research reissued a “neutral” rating on shares of Mueller Industries in a research note on Friday, January 19th. StockNews.com cut Mueller Industries from a “buy” rating to a “hold” rating in a report on Monday, January 22nd.

Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.