EP Wealth Advisors LLC Acquires 389 Shares of Mueller Industries, Inc. (NYSE:MLI)

EP Wealth Advisors LLC lifted its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 11.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,701 shares of the industrial products company’s stock after buying an additional 389 shares during the quarter. EP Wealth Advisors LLC’s holdings in Mueller Industries were worth $294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Mueller Industries during the 4th quarter valued at $300,000. Merit Financial Group LLC bought a new stake in Mueller Industries in the 4th quarter worth $287,000. Rhumbline Advisers grew its holdings in Mueller Industries by 13.7% in the 4th quarter. Rhumbline Advisers now owns 364,095 shares of the industrial products company’s stock worth $28,895,000 after acquiring an additional 43,893 shares during the last quarter. US Bancorp DE grew its holdings in Mueller Industries by 3.0% in the 4th quarter. US Bancorp DE now owns 18,278 shares of the industrial products company’s stock worth $1,451,000 after acquiring an additional 537 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in Mueller Industries by 6.5% in the 4th quarter. Congress Asset Management Co. now owns 202,636 shares of the industrial products company’s stock worth $16,081,000 after acquiring an additional 12,450 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director John B. Hansen sold 3,130 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $78.07, for a total value of $244,359.10. Following the completion of the sale, the director now directly owns 93,914 shares of the company’s stock, valued at approximately $7,331,865.98. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Terry Hermanson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $74.34, for a total transaction of $743,400.00. Following the completion of the sale, the director now directly owns 100,082 shares of the company’s stock, valued at approximately $7,440,095.88. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,613 shares of company stock valued at $2,996,700 in the last quarter. Insiders own 2.70% of the company’s stock.

Mueller Industries Stock Up 0.8%

Shares of Mueller Industries stock opened at $78.84 on Wednesday. The firm has a market cap of $8.72 billion, a PE ratio of 14.85 and a beta of 1.03. Mueller Industries, Inc. has a 12-month low of $53.53 and a 12-month high of $96.81. The company’s fifty day simple moving average is $75.43 and its two-hundred day simple moving average is $79.77.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, June 6th. Mueller Industries’s dividend payout ratio (DPR) is presently 18.21%.

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.