3,212 Shares in Mueller Industries, Inc. (NYSE:MLI) Bought by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC bought a new position in shares of Mueller Industries, Inc. (NYSE:MLI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,212 shares of the industrial products company’s stock, valued at approximately $238,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Mueller Industries by 0.5% during the first quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company’s stock worth $666,524,000 after buying an additional 59,060 shares during the last quarter. Congress Asset Management Co. MA raised its stake in Mueller Industries by 100.5% during the fourth quarter. Congress Asset Management Co. MA now owns 200,898 shares of the industrial products company’s stock worth $9,472,000 after buying an additional 100,696 shares during the last quarter. Perpetual Ltd increased its stake in Mueller Industries by 9.8% in the first quarter. Perpetual Ltd now owns 174,952 shares of the industrial products company’s stock valued at $9,435,000 after purchasing an additional 15,547 shares in the last quarter. Stifel Financial Corp increased its stake in Mueller Industries by 95.4% in the fourth quarter. Stifel Financial Corp now owns 99,720 shares of the industrial products company’s stock valued at $4,702,000 after purchasing an additional 48,678 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Mueller Industries by 100.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 36,808 shares of the industrial products company’s stock valued at $1,735,000 after purchasing an additional 18,404 shares in the last quarter. Institutional investors own 94.50% of the company’s stock.

Insider Transactions at Mueller Industries

In other news, CEO Gregory L. Christopher sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $69.92, for a total transaction of $3,496,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,214,311 shares of the company’s stock, valued at $84,904,625.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Mueller Industries news, Director John B. Hansen sold 8,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $67.24, for a total value of $537,920.00. Following the transaction, the director now directly owns 95,914 shares in the company, valued at $6,449,257.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory L. Christopher sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $69.92, for a total transaction of $3,496,000.00. Following the sale, the chief executive officer now owns 1,214,311 shares in the company, valued at $84,904,625.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock valued at $7,081,770 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Trading Down 1.1 %

MLI opened at $71.85 on Tuesday. Mueller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $74.47. The company has a market cap of $8.16 billion, a P/E ratio of 14.40 and a beta of 1.03. The company has a fifty day moving average price of $69.72 and a two-hundred day moving average price of $61.57.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.12. Mueller Industries had a net margin of 16.19% and a return on equity of 22.86%. The firm had revenue of $997.75 million during the quarter.

Mueller Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, September 6th. Mueller Industries’s payout ratio is presently 16.03%.

Mueller Industries 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.