Barnett & Company Inc. Has $1.03 Million Stake in Mueller Industries, Inc. (NYSE:MLI)

Barnett & Company Inc. boosted its stake in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 181.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,950 shares of the industrial products company's stock after buying an additional 9,000 shares during the period. Barnett & Company Inc.'s holdings in Mueller Industries were worth $1,034,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Mueller Industries by 0.5% in the first quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company's stock worth $666,524,000 after buying an additional 59,060 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Mueller Industries by 20.4% during the third quarter. New York State Common Retirement Fund now owns 405,618 shares of the industrial products company's stock valued at $30,056,000 after purchasing an additional 68,633 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Mueller Industries by 6.1% during the first quarter. Westfield Capital Management Co. LP now owns 168,849 shares of the industrial products company's stock valued at $9,106,000 after purchasing an additional 9,719 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Mueller Industries by 1,322.6% during the third quarter. Farther Finance Advisors LLC now owns 8,436 shares of the industrial products company's stock valued at $625,000 after purchasing an additional 7,843 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Mueller Industries by 314.6% during the second quarter. SG Americas Securities LLC now owns 38,041 shares of the industrial products company's stock valued at $2,166,000 after purchasing an additional 28,865 shares during the period. 94.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mueller Industries

In related news, Director John B. Hansen sold 1,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the transaction, the director now owns 94,914 shares in the company, valued at $7,886,404.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Gregory L. Christopher sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $69.92, for a total value of $3,496,000.00. Following the transaction, the chief executive officer now directly owns 1,214,311 shares of the company's stock, valued at approximately $84,904,625.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hansen sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the sale, the director now directly owns 94,914 shares in the company, valued at $7,886,404.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,000 shares of company stock worth $6,626,940 in the last quarter. 2.80% of the stock is owned by company insiders.

Mueller Industries Price Performance

Shares of MLI traded down $1.86 during trading hours on Tuesday, reaching $93.48. 708,910 shares of the company's stock traded hands, compared to its average volume of 720,300. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 18.51 and a beta of 1.01. Mueller Industries, Inc. has a twelve month low of $37.93 and a twelve month high of $96.81. The business's fifty day simple moving average is $75.46 and its two-hundred day simple moving average is $66.32.

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

Mueller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.20 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.86%. Mueller Industries's dividend payout ratio (DPR) 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.