Measured Wealth Private Client Group LLC Has $593,000 Stock Position in Mueller Industries, Inc. (NYSE:MLI)

Measured Wealth Private Client Group LLC raised its stake in Mueller Industries, Inc. (NYSE:MLI) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,991 shares of the industrial products company’s stock after buying an additional 538 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Mueller Industries were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in Mueller Industries by 36.9% in the first quarter. CWM LLC now owns 827 shares of the industrial products company’s stock valued at $45,000 after buying an additional 223 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Mueller Industries by 124.3% during the fourth quarter. Fifth Third Bancorp now owns 527 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 292 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Mueller Industries by 100.0% during the fourth quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 299 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in shares of Mueller Industries during the third quarter worth $30,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Mueller Industries by 51.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,373 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of Mueller Industries stock in a transaction on Friday, April 26th. The shares were sold at an average price of $57.25, for a total transaction of $3,001,961.00. Following the completion of the transaction, the chief financial officer now owns 313,529 shares of the company’s stock, valued at $17,949,535.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of Mueller Industries stock in a transaction on Friday, April 26th. The shares were sold at an average price of $57.25, for a total transaction of $3,001,961.00. Following the completion of the transaction, the chief financial officer now owns 313,529 shares of the company’s stock, valued at $17,949,535.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Hansen sold 2,733 shares of Mueller Industries stock in a transaction on Monday, May 13th. The stock was sold at an average price of $58.61, for a total transaction of $160,181.13. Following the transaction, the director now directly owns 103,914 shares of the company’s stock, valued at approximately $6,090,399.54. The disclosure for this sale can be found here. Insiders sold 61,169 shares of company stock valued at $3,506,762 over the last quarter. Insiders own 2.80% of the company’s stock.

Mueller Industries Stock Performance

Shares of NYSE:MLI traded up $0.87 during mid-day trading on Tuesday, reaching $56.96. 523,699 shares of the company’s stock were exchanged, compared to its average volume of 682,200. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.41 and a beta of 1.06. The business’s fifty day moving average price is $57.12 and its 200-day moving average price is $52.38. Mueller Industries, Inc. has a twelve month low of $34.96 and a twelve month high of $60.31.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.21 EPS for the quarter. The company had revenue of $849.65 million for the quarter. Mueller Industries had a net margin of 17.22% and a return on equity of 24.69%.

Mueller Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. Mueller Industries’s dividend payout ratio (DPR) is presently 16.03%.

Mueller Industries Company 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.