Mueller Industries, Inc. (MLI) Insider Acquires $10,060.19 in Stock

Mueller Industries, Inc. (NYSE:MLI) insider Kristee Michelle Ford purchased 343 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $29.33 per share, for a total transaction of $10,060.19. Following the completion of the transaction, the insider now directly owns 5,343 shares of the company’s stock, valued at $156,710.19. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mueller Industries stock opened at $29.14 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.99 and a current ratio of 3.56. Mueller Industries, Inc. has a 12 month low of $21.49 and a 12 month high of $34.24. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 15.67 and a beta of 1.37.

Mueller Industries (NYSE:MLI) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.29). Mueller Industries had a return on equity of 19.32% and a net margin of 3.87%. The company had revenue of $661.80 million during the quarter. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that Mueller Industries, Inc. will post 1.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, June 6th. Mueller Industries’s dividend payout ratio (DPR) is 21.51%.

Several equities research analysts have commented on the company. Zacks Investment Research downgraded Mueller Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine raised Mueller Industries from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, TheStreet raised Mueller Industries from a “c+” rating to a “b” rating in a report on Wednesday, February 6th.

Institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in Mueller Industries in the fourth quarter worth $97,000. Public Employees Retirement System of Ohio boosted its holdings in Mueller Industries by 8.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,935 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 627 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Mueller Industries in the first quarter worth $198,000. Amalgamated Bank bought a new position in shares of Mueller Industries during the fourth quarter valued at $208,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Mueller Industries during the first quarter valued at $215,000. 93.34% of the stock is currently owned by institutional investors and hedge funds.

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Mueller Industries Company Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. Its Piping Systems segment manufactures copper tubes and fittings, and line sets for water distribution system, heating system, air-conditioning, and refrigeration applications, as well as drainage, waste, and vent systems.

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Insider Buying and Selling by Quarter for Mueller Industries (NYSE:MLI)

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