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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