Sanctuary Advisors LLC acquired a new stake in Mueller Industries, Inc. (NYSE:MLI – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,455 shares of the industrial products company’s stock, valued at approximately $599,000.
Several other large investors also recently modified their holdings of MLI. Vanguard Group Inc. lifted its stake in shares of Mueller Industries by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 12,359,057 shares of the industrial products company’s stock valued at $666,524,000 after purchasing an additional 59,060 shares during the period. LSV Asset Management boosted its holdings in shares of Mueller Industries by 44.1% during the 2nd quarter. LSV Asset Management now owns 2,094,682 shares of the industrial products company’s stock worth $119,271,000 after buying an additional 641,114 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Mueller Industries by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,176,468 shares of the industrial products company’s stock worth $66,988,000 after buying an additional 7,756 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mueller Industries by 38.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 613,862 shares of the industrial products company’s stock valued at $28,944,000 after acquiring an additional 171,930 shares in the last quarter. Finally, Vest Financial LLC lifted its position in shares of Mueller Industries by 18.2% during the 2nd quarter. Vest Financial LLC now owns 414,417 shares of the industrial products company’s stock valued at $23,597,000 after acquiring an additional 63,828 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.
Mueller Industries Price Performance
MLI stock opened at $73.42 on Tuesday. Mueller Industries, Inc. has a 1 year low of $34.96 and a 1 year high of $74.47. The stock has a market capitalization of $8.34 billion, a PE ratio of 14.71 and a beta of 1.03. The company’s 50-day moving average is $70.11 and its 200-day moving average is $62.24.
Mueller Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.20 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.09%. Mueller Industries’s payout ratio is 16.03%.
Insider Activity
In other Mueller Industries news, Director John B. Hansen sold 8,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $67.24, for a total value of $537,920.00. Following the completion of the sale, the director now directly owns 95,914 shares of the company’s stock, valued at approximately $6,449,257.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John B. Hansen sold 8,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $67.24, for a total transaction of $537,920.00. Following the completion of the sale, the director now directly owns 95,914 shares of the company’s stock, valued at $6,449,257.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory L. Christopher sold 45,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $67.73, for a total transaction of $3,047,850.00. Following the transaction, the chief executive officer now owns 1,264,311 shares of the company’s stock, valued at approximately $85,631,784.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,000 shares of company stock worth $7,081,770 over the last quarter. Insiders own 2.80% of the company’s stock.
Mueller Industries Company 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.
Recommended Stories
- Five stocks we like better than Mueller Industries
- Where Do I Find 52-Week Highs and Lows?
- Whirlpool’s High Dividend Yield Is Too Good to Pass Up
- Top Stocks Investing in 5G Technology
- Holiday Spending Boom Ahead: 3 BNPL Stocks Poised for Gains
- Best Aerospace Stocks Investing
- Boeing: A Perfect Storm of Trouble Is a Loaded Buying Opportunity
Want to see what other hedge funds are holding MLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Industries, Inc. (NYSE:MLI – Free Report).
Receive News & Ratings for Mueller Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries and related companies with MarketBeat.com's FREE daily email newsletter.