Mueller Industries, Inc. (NYSE:MLI) Shares Sold by EAM Investors LLC

EAM Investors LLC lessened its holdings in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 55.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,804 shares of the industrial products company's stock after selling 39,258 shares during the quarter. EAM Investors LLC's holdings in Mueller Industries were worth $2,524,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. New Age Alpha Advisors LLC purchased a new stake in Mueller Industries during the 4th quarter worth approximately $32,000. Westside Investment Management Inc. purchased a new stake in shares of Mueller Industries during the third quarter valued at $41,000. SBI Securities Co. Ltd. acquired a new position in shares of Mueller Industries in the 4th quarter valued at $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mueller Industries during the 4th quarter worth about $53,000. Finally, City State Bank purchased a new stake in Mueller Industries during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 94.50% of the company's stock.

Mueller Industries Stock Up 2.7 %

Shares of NYSE:MLI traded up $1.82 during trading on Tuesday, hitting $70.27. The stock had a trading volume of 248,080 shares, compared to its average volume of 892,754. The stock has a 50-day simple moving average of $77.32 and a two-hundred day simple moving average of $79.89. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 13.21 and a beta of 0.96. Mueller Industries, Inc. has a 12-month low of $53.53 and a 12-month high of $96.81.

Mueller Industries (NYSE:MLI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.08. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. This is a positive change from Mueller Industries's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 14th. Mueller Industries's payout ratio is 18.83%.

Insider Buying and Selling

In other news, Director Scott Jay Goldman sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $79.81, for a total transaction of $798,100.00. Following the sale, the director now directly owns 56,098 shares in the company, valued at $4,477,181.38. This trade represents a 15.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

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.