Centiva Capital LP Buys 9,224 Shares of Mueller Industries, Inc. (NYSE:MLI)

Centiva Capital LP lifted its holdings in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 130.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,282 shares of the industrial products company's stock after acquiring an additional 9,224 shares during the period. Centiva Capital LP's holdings in Mueller Industries were worth $1,206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MLI. Benjamin Edwards Inc. purchased a new stake in shares of Mueller Industries in the third quarter worth approximately $278,000. Paloma Partners Management Co bought a new stake in Mueller Industries during the third quarter worth $436,000. Kestra Investment Management LLC purchased a new stake in Mueller Industries in the 3rd quarter valued at $209,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Mueller Industries by 77.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 393,417 shares of the industrial products company's stock valued at $29,152,000 after acquiring an additional 171,671 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Mueller Industries during the 3rd quarter worth $215,000. Institutional investors and hedge funds own 94.50% of the company's stock.

Insider Activity

In other Mueller Industries news, Director John B. Hansen sold 1,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total transaction of $83,090.00. Following the sale, the director now directly owns 94,914 shares of the company's stock, valued at $7,886,404.26. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of Mueller Industries stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the completion of the transaction, the director now owns 17,733 shares of the company's stock, valued at $1,632,145.32. The trade was a 45.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

Mueller Industries Price Performance

Shares of MLI stock traded up $0.28 on Thursday, hitting $78.96. The stock had a trading volume of 1,359,332 shares, compared to its average volume of 836,690. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 15.28 and a beta of 0.99. The business has a 50 day moving average of $81.02 and a 200 day moving average of $69.58. Mueller Industries, Inc. has a 12-month low of $41.94 and a 12-month high of $96.81.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.16. The firm had revenue of $997.80 million during the quarter, compared to the consensus estimate of $936.00 million. Mueller Industries had a return on equity of 23.25% and a net margin of 16.39%. The company's revenue for the quarter was up 21.7% compared to the same quarter last year.

Mueller Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, December 6th. Mueller Industries's payout ratio is 15.53%.

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.