EAM Global Investors LLC Sells 10,102 Shares of Mueller Industries, Inc. (NYSE:MLI)

EAM Global Investors LLC lessened its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 15.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,896 shares of the industrial products company’s stock after selling 10,102 shares during the quarter. EAM Global Investors LLC’s holdings in Mueller Industries were worth $4,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MLI. Barclays PLC increased its holdings in Mueller Industries by 343.9% in the 3rd quarter. Barclays PLC now owns 197,206 shares of the industrial products company’s stock valued at $14,613,000 after buying an additional 152,780 shares during the period. Virtu Financial LLC acquired a new stake in shares of Mueller Industries during the 3rd quarter valued at about $278,000. Westside Investment Management Inc. bought a new stake in Mueller Industries in the third quarter valued at about $41,000. Sanctuary Advisors LLC raised its position in Mueller Industries by 27.9% in the third quarter. Sanctuary Advisors LLC now owns 13,373 shares of the industrial products company’s stock worth $991,000 after purchasing an additional 2,918 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in Mueller Industries during the third quarter worth about $2,166,000. 94.50% of the stock is currently owned by institutional investors.

Mueller Industries Trading Down 0.1 %

MLI stock opened at $73.64 on Wednesday. The firm has a market cap of $8.16 billion, a P/E ratio of 13.87 and a beta of 0.96. Mueller Industries, Inc. has a 1-year low of $50.85 and a 1-year high of $96.81. The business’s 50 day moving average is $78.11 and its 200-day moving average is $79.91.

Mueller Industries (NYSE:MLI) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.25 per share. This is an increase from Mueller Industries’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, March 14th. Mueller Industries’s dividend payout ratio (DPR) is currently 18.83%.

Insiders Place Their Bets

In other news, Director Scott Jay Goldman sold 10,000 shares of Mueller Industries stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $79.81, for a total value of $798,100.00. Following the completion of the transaction, the director now owns 56,098 shares in the company, valued at approximately $4,477,181.38. The trade was a 15.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.80% of the company’s stock.

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.