4,894 Shares in Mueller Industries, Inc. (MLI) Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. purchased a new position in Mueller Industries, Inc. (NYSE:MLI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,894 shares of the industrial products company’s stock, valued at approximately $168,000.

Other institutional investors have also bought and sold shares of the company. Elkfork Partners LLC acquired a new position in Mueller Industries during the fourth quarter worth approximately $130,000. Pacad Investment Ltd. boosted its position in Mueller Industries by 16.7% in the fourth quarter. Pacad Investment Ltd. now owns 4,200 shares of the industrial products company’s stock worth $168,000 after buying an additional 600 shares during the period. State of Alaska Department of Revenue boosted its position in Mueller Industries by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the industrial products company’s stock worth $217,000 after buying an additional 130 shares during the period. Trexquant Investment LP acquired a new position in Mueller Industries during the first quarter worth approximately $311,000. Finally, Zevin Asset Management LLC acquired a new position in Mueller Industries during the first quarter worth approximately $329,000. 90.43% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

Mueller Industries, Inc. (MLI) opened at 30.51 on Tuesday. Mueller Industries, Inc. has a 12-month low of $27.72 and a 12-month high of $43.96. The stock’s 50 day moving average price is $29.86 and its 200-day moving average price is $35.94. The firm has a market cap of $1.76 billion, a PE ratio of 17.33 and a beta of 1.35.

Mueller Industries (NYSE:MLI) last posted its earnings results on Tuesday, April 25th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $577.92 million for the quarter. Mueller Industries had a return on equity of 12.31% and a net margin of 4.81%. Equities research analysts anticipate that Mueller Industries, Inc. will post $1.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were paid a $0.10 dividend. The ex-dividend date was Wednesday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.31%.

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In related news, CFO Jeffrey Andrew Martin sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $33.41, for a total value of $100,230.00. Following the sale, the chief financial officer now directly owns 98,994 shares of the company’s stock, valued at $3,307,389.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.79% of the stock is owned by company insiders.

About Mueller Industries

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MLI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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