Global Assets Advisory LLC Makes New $800,000 Investment in Mueller Industries, Inc. (NYSE:MLI)

Global Assets Advisory LLC bought a new position in Mueller Industries, Inc. (NYSE:MLI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,831 shares of the industrial products company’s stock, valued at approximately $800,000.

Several other large investors have also recently added to or reduced their stakes in MLI. Fifth Third Bancorp increased its position in Mueller Industries by 124.3% in the fourth quarter. Fifth Third Bancorp now owns 527 shares of the industrial products company’s stock worth $25,000 after buying an additional 292 shares during the period. Larson Financial Group LLC lifted its holdings in Mueller Industries by 100.0% in the fourth quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 299 shares during the period. Beaird Harris Wealth Management LLC bought a new position in Mueller Industries in the 3rd quarter valued at about $30,000. Montag A & Associates Inc. acquired a new position in Mueller Industries during the 4th quarter valued at about $34,000. Finally, CWM LLC raised its position in shares of Mueller Industries by 36.9% during the 1st quarter. CWM LLC now owns 827 shares of the industrial products company’s stock worth $45,000 after buying an additional 223 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

Mueller Industries Trading Down 2.0 %

Shares of NYSE:MLI opened at $55.85 on Thursday. The company has a 50 day moving average of $56.90 and a 200-day moving average of $51.96. The firm has a market cap of $6.34 billion, a P/E ratio of 11.19 and a beta of 1.07. Mueller Industries, Inc. has a twelve month low of $34.96 and a twelve month high of $60.31.

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

Mueller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Friday, June 7th. Mueller Industries’s dividend payout ratio is currently 16.03%.

Insider Transactions at Mueller Industries

In related news, Director Elizabeth M. Donovan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $57.73, for a total value of $115,460.00. Following the sale, the director now directly owns 24,733 shares in the company, valued at approximately $1,427,836.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the business’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 directly owns 313,529 shares in the company, valued at approximately $17,949,535.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth M. Donovan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $57.73, for a total transaction of $115,460.00. Following the completion of the sale, the director now owns 24,733 shares in the company, valued at $1,427,836.09. The disclosure for this sale can be found here. In the last three months, insiders sold 61,169 shares of company stock valued at $3,506,762. Company insiders own 2.80% of the company’s stock.

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.