Nisa Investment Advisors LLC Has $464,000 Stock Position in Mueller Industries, Inc. (NYSE:MLI)

Nisa Investment Advisors LLC lifted its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 86.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,850 shares of the industrial products company’s stock after acquiring an additional 4,575 shares during the period. Nisa Investment Advisors LLC’s holdings in Mueller Industries were worth $464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 buying an additional 292 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in shares of Mueller Industries during the third quarter worth $30,000. Point72 Hong Kong Ltd acquired a new stake in shares of Mueller Industries during the second quarter worth $40,000. Adirondack Trust Co. acquired a new stake in shares of Mueller Industries during the third quarter worth $45,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Mueller Industries by 100.0% during the fourth quarter. Versant Capital Management Inc now owns 974 shares of the industrial products company’s stock worth $46,000 after buying an additional 487 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

Wall Street Analyst Weigh In

MLI has been the topic of a number of recent analyst reports. StockNews.com cut Mueller Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Northcoast Research restated a “neutral” rating on shares of Mueller Industries in a research report on Friday, January 19th.

Mueller Industries Stock Down 0.2 %

Mueller Industries stock opened at $51.96 on Thursday. Mueller Industries, Inc. has a 12-month low of $33.59 and a 12-month high of $54.64. The business’s 50-day moving average price is $51.59 and its two-hundred day moving average price is $46.15. The stock has a market cap of $5.90 billion, a PE ratio of 9.78 and a beta of 1.08.

Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter. Mueller Industries had a return on equity of 27.59% and a net margin of 17.63%. The firm had revenue of $732.38 million for the quarter.

Mueller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Thursday, March 14th. This is a boost from Mueller Industries’s previous quarterly dividend of $0.15. Mueller Industries’s payout ratio is currently 15.05%.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, Director John B. Hansen sold 5,000 shares of Mueller Industries stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.33, for a total value of $246,650.00. Following the transaction, the director now owns 18,000 shares in the company, valued at $887,940. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Jeffrey Andrew Martin sold 47,280 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.25, for a total transaction of $2,328,540.00. Following the sale, the chief financial officer now directly owns 370,840 shares in the company, valued at $18,263,870. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Hansen sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.33, for a total value of $246,650.00. Following the sale, the director now owns 18,000 shares in the company, valued at $887,940. The disclosure for this sale can be found here. Company 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.