Atria Wealth Solutions Inc. Has $329,000 Holdings in Mueller Industries, Inc. (NYSE:MLI)

Atria Wealth Solutions Inc. lifted its stake in Mueller Industries, Inc. (NYSE:MLI) by 98.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,984 shares of the industrial products company’s stock after buying an additional 3,465 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mueller Industries were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MLI. Yousif Capital Management LLC lifted its position in shares of Mueller Industries by 95.3% during the 4th quarter. Yousif Capital Management LLC now owns 59,146 shares of the industrial products company’s stock valued at $2,789,000 after acquiring an additional 28,862 shares during the period. Millington Financial Advisors LLC lifted its position in Mueller Industries by 98.8% during the fourth quarter. Millington Financial Advisors LLC now owns 32,832 shares of the industrial products company’s stock worth $1,548,000 after purchasing an additional 16,321 shares during the period. Linden Thomas Advisory Services LLC grew its stake in Mueller Industries by 103.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 19,135 shares of the industrial products company’s stock worth $902,000 after buying an additional 9,749 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Mueller Industries by 51.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the industrial products company’s stock valued at $65,000 after buying an additional 466 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of Mueller Industries by 100.0% in the 4th quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock valued at $28,000 after buying an additional 299 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

Mueller Industries Trading Up 1.2 %

MLI opened at $58.67 on Wednesday. The company’s 50 day moving average is $53.54 and its 200-day moving average is $47.68. The company has a market cap of $6.66 billion, a P/E ratio of 11.76 and a beta of 1.08. Mueller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $59.59.

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

Mueller Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Mueller Industries’s previous quarterly dividend of $0.15. Mueller Industries’s payout ratio is currently 16.03%.

Analysts Set New Price Targets

MLI has been the topic of a number of recent analyst reports. Northcoast Research reissued a “neutral” rating on shares of Mueller Industries in a research note on Friday, January 19th. StockNews.com downgraded Mueller Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd.

Insiders Place Their Bets

In other news, CFO Jeffrey Andrew Martin sold 47,280 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 370,840 shares in the company, valued at $18,263,870. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John B. Hansen sold 4,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $57.29, for a total transaction of $229,160.00. Following the completion of the transaction, the director now directly owns 104,214 shares of the company’s stock, valued at approximately $5,970,420.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Andrew Martin sold 47,280 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were 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 in the company, valued at approximately $18,263,870. The disclosure for this sale can be found here. Insiders sold a total of 108,716 shares of company stock valued at $5,806,311 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

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.