Mueller Industries, Inc. (NYSE:MLI) announced a quarterly dividend on Friday, November 8th, RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.10 per share by the industrial products company on Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.26%.
Shares of NYSE:MLI opened at $31.87 on Friday. The firm has a fifty day moving average of $29.24 and a two-hundred day moving average of $28.44. The firm has a market capitalization of $1.79 billion, a P/E ratio of 17.13 and a beta of 1.38. Mueller Industries has a 12-month low of $21.49 and a 12-month high of $34.24. The company has a quick ratio of 1.84, a current ratio of 2.96 and a debt-to-equity ratio of 0.73.
Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $608.60 million during the quarter. Mueller Industries had a net margin of 4.07% and a return on equity of 20.22%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. Equities research analysts expect that Mueller Industries will post 1.52 earnings per share for the current fiscal year.
In related news, CEO Gregory L. Christopher sold 14,992 shares of Mueller Industries stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $32.01, for a total value of $479,893.92. Following the completion of the sale, the chief executive officer now owns 532,666 shares of the company’s stock, valued at approximately $17,050,638.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gennaro J. Fulvio sold 10,383 shares of Mueller Industries stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $26.62, for a total transaction of $276,395.46. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $53,240. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,062 shares of company stock valued at $1,397,469. 3.30% of the stock is owned by company insiders.
About Mueller Industries
Mueller Industries, Inc engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment consists of domestic piping systems group, Canadian operations, European operations, trading group, Jiangsu Mueller-Xingrong Copper Industries Limited, and Jungwoo Metal Ind.
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