Trading Report: Today, 40,000 Shares of Mueller Industries Inc. (MLI) Stock are sold by Gregory L. Christopher

Today, 40,000 Shares of Mueller Industries Inc. (MLI) Stock are sold by Gregory L. Christopher

Mueller Industries Inc. (NYSE:MLI) CEO Gregory L. Christopher sold 40,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $38.03, for a total value of $1,521,200.00. Following the sale, the chief executive officer now owns 255,673 shares in the company, valued at $9,723,244.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Mueller Industries Inc. (NYSE:MLI) opened at 38.45 on Friday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 22.75 and a beta of 1.27. Mueller Industries Inc. has a 1-year low of $23.09 and a 1-year high of $38.78. The company’s 50 day moving average price is $32.47 and its 200-day moving average price is $32.65.

Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, October 18th. The company reported $0.45 EPS for the quarter. Mueller Industries had a return on equity of 10.81% and a net margin of 4.71%. During the same quarter in the prior year, the business posted $0.31 EPS. On average, equities analysts forecast that Mueller Industries Inc. will post $1.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.04%.

A number of hedge funds have recently modified their holdings of MLI. State Street Corp increased its stake in shares of Mueller Industries by 0.7% in the first quarter. State Street Corp now owns 1,141,010 shares of the company’s stock valued at $33,573,000 after buying an additional 7,659 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Mueller Industries by 102.8% in the second quarter. BNP Paribas Arbitrage SA now owns 18,595 shares of the company’s stock valued at $593,000 after buying an additional 9,426 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Mueller Industries by 2.1% in the second quarter. Capstone Asset Management Co. now owns 16,330 shares of the company’s stock valued at $521,000 after buying an additional 330 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Mueller Industries by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 57,550 shares of the company’s stock valued at $1,835,000 after buying an additional 250 shares in the last quarter. Finally, Murphy Capital Management Inc. acquired a new stake in shares of Mueller Industries during the second quarter valued at approximately $251,000. Institutional investors and hedge funds own 92.86% of the company’s stock.

Mueller Industries Company Profile

Mueller Industries, Inc (Mueller) is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). Its Plumbing & Refrigeration segment consists of Standard Products (SPD), Great Lakes Copper Ltd.

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