Barlow Wealth Partners Inc. Purchases 4,779 Shares of Mueller Industries, Inc. (NYSE:MLI)

Barlow Wealth Partners Inc. boosted its stake in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,837 shares of the industrial products company's stock after purchasing an additional 4,779 shares during the period. Mueller Industries comprises approximately 2.2% of Barlow Wealth Partners Inc.'s investment portfolio, making the stock its 21st biggest position. Barlow Wealth Partners Inc. owned approximately 0.21% of Mueller Industries worth $16,561,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of Mueller Industries by 103.1% in the first quarter. Golden State Wealth Management LLC now owns 331 shares of the industrial products company's stock valued at $25,000 after buying an additional 168 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Mueller Industries during the 4th quarter valued at $32,000. Opal Wealth Advisors LLC bought a new stake in Mueller Industries during the first quarter worth $40,000. Quarry LP purchased a new position in Mueller Industries in the fourth quarter worth $45,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Mueller Industries during the 4th quarter worth $47,000. 94.50% of the stock is currently owned by institutional investors.

Mueller Industries Stock Performance

MLI stock traded up $0.72 during mid-day trading on Thursday, hitting $83.87. The company had a trading volume of 533,525 shares, compared to its average volume of 1,036,365. The stock's fifty day moving average price is $76.59 and its two-hundred day moving average price is $77.85. Mueller Industries, Inc. has a 12 month low of $55.72 and a 12 month high of $96.81. The firm has a market cap of $9.28 billion, a PE ratio of 15.28 and a beta of 1.01.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.08. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $1 billion. Mueller Industries had a return on equity of 23.17% and a net margin of 15.92%.

Mueller Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. Mueller Industries's dividend payout ratio (DPR) is 18.21%.

Insider Transactions at Mueller Industries

In other news, Director Scott Jay Goldman sold 16,483 shares of Mueller Industries stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $73.46, for a total transaction of $1,210,841.18. Following the completion of the sale, the director owned 39,615 shares in the company, valued at approximately $2,910,117.90. This trade represents a 29.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John B. Hansen sold 3,130 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $78.07, for a total transaction of $244,359.10. Following the completion of the transaction, the director directly owned 93,914 shares of the company's stock, valued at approximately $7,331,865.98. This represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,613 shares of company stock valued at $2,198,600. 2.70% of the stock is currently owned by company insiders.

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.