Mueller Industries, Inc. (NYSE:MLI) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC grew its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 598 shares of the industrial products company’s stock after buying an additional 299 shares during the period. Larson Financial Group LLC’s holdings in Mueller Industries were worth $28,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC acquired a new stake in Mueller Industries during the third quarter valued at approximately $30,000. Fifth Third Bancorp increased its position in Mueller Industries by 124.3% in the 4th quarter. Fifth Third Bancorp now owns 527 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 292 shares in the last quarter. Adirondack Trust Co. acquired a new stake in shares of Mueller Industries during the 3rd quarter worth approximately $45,000. NBC Securities Inc. bought a new position in Mueller Industries during the 3rd quarter worth approximately $52,000. Finally, Versant Capital Management Inc lifted its stake in Mueller Industries by 100.0% in the fourth quarter. Versant Capital Management Inc now owns 974 shares of the industrial products company’s stock valued at $46,000 after buying an additional 487 shares in the last quarter. Institutional investors own 94.50% of the company’s stock.

Insider Buying and Selling

In other Mueller Industries news, CFO Jeffrey Andrew Martin sold 47,280 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $49.25, for a total transaction of $2,328,540.00. Following the transaction, the chief financial officer now directly owns 370,840 shares in the company, valued at approximately $18,263,870. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Jeffrey Andrew Martin sold 47,280 shares of Mueller Industries stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.25, for a total value of $2,328,540.00. Following the completion of the sale, the chief financial officer now owns 370,840 shares of the company’s stock, valued at approximately $18,263,870. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John B. Hansen sold 4,000 shares of Mueller Industries stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $57.29, for a total value of $229,160.00. Following the completion of the sale, the director now directly owns 104,214 shares of the company’s stock, valued at approximately $5,970,420.06. The disclosure for this sale can be found here. Insiders have sold a total of 56,280 shares of company stock worth $2,804,350 in the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Price Performance

Mueller Industries stock opened at $57.33 on Friday. The business has a 50 day moving average of $52.29 and a 200-day moving average of $46.86. Mueller Industries, Inc. has a 1 year low of $34.08 and a 1 year high of $59.59. The company has a market capitalization of $6.51 billion, a P/E ratio of 11.49 and a beta of 1.08.

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

Mueller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors 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 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 14th. Mueller Industries’s dividend payout ratio (DPR) is currently 16.03%.

Wall Street Analysts Forecast Growth

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

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.