Several hedge funds have changed their investments in Mueller Industries. International Assets Investment Management LLC bought $26,000 worth of shares in the second quarter. Federated Hermes Inc. invested around $28,000, while Opal Wealth Advisors LLC purchased shares valued at $30,000. GAMMA Investing LLC increased its stake by 36% in the third quarter, bringing its total to 552 shares worth $41,000. CWM LLC also raised its holdings by 36.9% in the first quarter, owning 827 shares valued at $45,000. Hedge funds and institutional investors hold 94.50% of the stock.
Insider Trading at Mueller Industries
CEO Gregory L. Christopher sold 45,000 shares on August 14 for $3,047,850, keeping 1,264,311 shares valued at about $85,631,784. Director John B. Hansen sold 8,000 shares on August 9 for $537,920, now owning 95,914 shares valued at $6,449,257. In the last 90 days, insiders sold 103,000 shares totaling $7,081,770. Corporate insiders own 2.80% of the stock.
Mueller Industries Stock Performance
On Friday, Mueller Industries (MLI) opened at $72.84, with a market cap of $8.27 billion and a price-to-earnings ratio of 14.60. The stock’s 52-week low is $34.96, and the high is $74.47. In its last quarter, the company reported $1.41 earnings per share, exceeding the estimated $1.29, and had revenues of $997.75 million.
Dividend Announcement
Mueller Industries recently declared a dividend of $0.20 per share, paid on September 20, with an annual yield of 1.10%. The dividend payout ratio is currently 16.03%.
About Mueller Industries
Mueller Industries, Inc. produces copper, brass, aluminum, and plastic products across various countries, operating in three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment includes copper tubes and fittings.
Further Reading
- Five stocks we like better than Mueller Industries
- 3 Monster Growth Stocks to Buy Now
- 3 Mid-Cap Stocks Under $20 With Insider Buying
- How to Invest in Small Cap Stocks
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- MarketBeat Week in Review – 10/7 – 10/11
Want to see what other hedge funds hold MLI? Visit HoldingsChannel.com for the latest filings and insider trades for Mueller Industries, Inc. (NYSE:MLI).
Receive News & Ratings for Mueller Industries Daily – Enter your email below for a daily summary of news and analyst ratings related to Mueller Industries with MarketBeat.com’s FREE daily email newsletter.
`
