Mueller Industries, Inc. (NYSE:MLI) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 261,004 shares of the industrial products company's stock after buying an additional 63,798 shares during the period. Barclays PLC owned 0.23% of Mueller Industries worth $20,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in Mueller Industries in the fourth quarter valued at approximately $32,000. Westside Investment Management Inc. acquired a new position in shares of Mueller Industries in the 3rd quarter valued at $41,000. SBI Securities Co. Ltd. purchased a new stake in shares of Mueller Industries during the 4th quarter valued at $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mueller Industries during the 4th quarter worth $53,000. Finally, City State Bank purchased a new position in shares of Mueller Industries in the 4th quarter worth $58,000. Institutional investors and hedge funds own 94.50% of the company's stock.

Mueller Industries Trading Down 0.2 %

MLI stock opened at $70.79 on Friday. The company has a market cap of $7.84 billion, a PE ratio of 13.33 and a beta of 0.96. The stock has a 50-day moving average price of $77.53 and a two-hundred day moving average price of $79.86. Mueller Industries, Inc. has a 12-month low of $52.22 and a 12-month high of $96.81.

Mueller Industries (NYSE:MLI - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

Mueller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Mueller Industries's previous quarterly dividend of $0.20. Mueller Industries's dividend payout ratio (DPR) is currently 18.83%.

Insider Activity at Mueller Industries

In other Mueller Industries news, Director Scott Jay Goldman sold 10,000 shares of the business'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 transaction, the director now owns 56,098 shares in the company, valued at $4,477,181.38. The trade was a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

About Mueller Industries

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.

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