GTS Securities LLC Makes New Investment in Mueller Industries, Inc. (NYSE:MLI)

GTS Securities LLC purchased a new stake in Mueller Industries, Inc. (NYSE:MLI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,596 shares of the industrial products company's stock, valued at approximately $285,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Mueller Industries by 343.9% during the third quarter. Barclays PLC now owns 197,206 shares of the industrial products company's stock worth $14,613,000 after buying an additional 152,780 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Mueller Industries during the fourth quarter valued at $300,000. Blue Trust Inc. grew its holdings in Mueller Industries by 18.5% during the 4th quarter. Blue Trust Inc. now owns 6,135 shares of the industrial products company's stock worth $455,000 after acquiring an additional 957 shares during the period. KBC Group NV grew its holdings in Mueller Industries by 50.4% during the 4th quarter. KBC Group NV now owns 4,188 shares of the industrial products company's stock worth $332,000 after acquiring an additional 1,404 shares during the period. Finally, R Squared Ltd bought a new position in shares of Mueller Industries in the 4th quarter worth about $69,000. 94.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mueller Industries news, Director Scott Jay Goldman sold 16,483 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $73.46, for a total value of $1,210,841.18. Following the transaction, the director now owns 39,615 shares in the company, valued at approximately $2,910,117.90. This represents a 29.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Terry Hermanson sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $74.34, for a total value of $743,400.00. Following the transaction, the director now directly owns 100,082 shares in the company, valued at $7,440,095.88. The trade was 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 29,613 shares of company stock valued at $2,198,600 over the last ninety days. 2.70% of the stock is owned by corporate insiders.

Mueller Industries Stock Performance

Shares of NYSE:MLI traded down $0.02 during midday trading on Friday, reaching $77.92. The company's stock had a trading volume of 1,052,776 shares, compared to its average volume of 940,895. Mueller Industries, Inc. has a fifty-two week low of $53.53 and a fifty-two week high of $96.81. The firm has a 50 day moving average price of $74.84 and a two-hundred day moving average price of $78.93. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 14.67 and a beta of 1.03.

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

Mueller Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. Mueller Industries's payout ratio is presently 18.21%.

About Mueller Industries

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.