Cwm LLC Acquires 223 Shares of Mueller Industries, Inc. (NYSE:MLI)

Cwm LLC grew its holdings in Mueller Industries, Inc. (NYSE:MLI) by 36.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 827 shares of the industrial products company’s stock after acquiring an additional 223 shares during the period. Cwm LLC’s holdings in Mueller Industries were worth $45,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Asset Management Inc raised its holdings in Mueller Industries by 91.2% in the 4th quarter. TD Asset Management Inc now owns 89,300 shares of the industrial products company’s stock worth $4,210,000 after purchasing an additional 42,600 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of Mueller Industries by 100.1% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 194,186 shares of the industrial products company’s stock worth $9,156,000 after buying an additional 97,140 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Mueller Industries by 117.8% during the 4th quarter. BNP Paribas Financial Markets now owns 116,167 shares of the industrial products company’s stock valued at $5,477,000 after buying an additional 62,834 shares in the last quarter. Congress Asset Management Co. MA grew its stake in shares of Mueller Industries by 100.5% during the 4th quarter. Congress Asset Management Co. MA now owns 200,898 shares of the industrial products company’s stock valued at $9,472,000 after acquiring an additional 100,696 shares during the period. Finally, F&V Capital Management LLC increased its holdings in Mueller Industries by 100.0% in the 4th quarter. F&V Capital Management LLC now owns 164,890 shares of the industrial products company’s stock worth $7,775,000 after acquiring an additional 82,445 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Insider Activity

In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 313,529 shares in the company, valued at $17,949,535.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Elizabeth M. Donovan sold 2,000 shares of Mueller Industries stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $57.73, for a total value of $115,460.00. Following the completion of the transaction, the director now owns 24,733 shares in the company, valued at $1,427,836.09. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Andrew Martin sold 52,436 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $57.25, for a total value of $3,001,961.00. Following the sale, the chief financial officer now owns 313,529 shares in the company, valued at $17,949,535.25. The disclosure for this sale can be found here. Insiders have sold a total of 61,169 shares of company stock worth $3,506,762 over the last quarter. Insiders own 2.80% of the company’s stock.

Mueller Industries Price Performance

Shares of MLI stock opened at $56.66 on Tuesday. Mueller Industries, Inc. has a one year low of $34.96 and a one year high of $60.31. The company’s fifty day moving average price is $56.73 and its 200-day moving average price is $51.83. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 11.35 and a beta of 1.07.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.21 EPS for the quarter. The business had revenue of $849.65 million for the quarter. Mueller Industries had a return on equity of 24.69% and a net margin of 17.22%.

Mueller Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a $0.20 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.80 annualized dividend and a yield of 1.41%. Mueller Industries’s payout ratio is 16.03%.

About Mueller Industries

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.