Seizert Capital Partners LLC Has $4.34 Million Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Seizert Capital Partners LLC lowered its position in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 21.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,020 shares of the industrial products company's stock after selling 15,823 shares during the quarter. Seizert Capital Partners LLC owned 0.05% of Mueller Industries worth $4,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MLI. Golden State Wealth Management LLC grew its holdings in shares of Mueller Industries by 103.1% during the first quarter. Golden State Wealth Management LLC now owns 331 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Mueller Industries by 5.0% in the fourth quarter. Benjamin Edwards Inc. now owns 3,934 shares of the industrial products company's stock worth $312,000 after purchasing an additional 187 shares during the period. Hohimer Wealth Management LLC increased its holdings in shares of Mueller Industries by 4.4% in the first quarter. Hohimer Wealth Management LLC now owns 4,463 shares of the industrial products company's stock valued at $340,000 after buying an additional 187 shares in the last quarter. Texas Yale Capital Corp. increased its holdings in shares of Mueller Industries by 6.0% in the fourth quarter. Texas Yale Capital Corp. now owns 3,560 shares of the industrial products company's stock valued at $283,000 after buying an additional 200 shares in the last quarter. Finally, Monument Capital Management increased its holdings in shares of Mueller Industries by 4.4% in the first quarter. Monument Capital Management now owns 4,898 shares of the industrial products company's stock valued at $373,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company's stock.

Mueller Industries Stock Performance

Shares of NYSE MLI traded down $2.01 during trading on Friday, hitting $83.36. The company had a trading volume of 1,050,271 shares, compared to its average volume of 1,031,689. The company has a market cap of $9.23 billion, a P/E ratio of 13.23 and a beta of 1.01. Mueller Industries, Inc. has a 52 week low of $62.74 and a 52 week high of $96.81. The business's 50-day moving average is $80.71 and its 200 day moving average is $78.64.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.34. Mueller Industries had a net margin of 17.48% and a return on equity of 24.47%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. Mueller Industries's revenue for the quarter was up 14.1% on a year-over-year basis.

Mueller Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Mueller Industries's dividend payout ratio is currently 15.87%.

Insiders Place Their Bets

In other Mueller Industries news, Director John B. Hansen sold 3,130 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $78.07, for a total transaction of $244,359.10. Following the completion of the sale, the director directly owned 93,914 shares in the company, valued at $7,331,865.98. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Terry Hermanson sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $74.34, for a total transaction of $743,400.00. Following the sale, the director owned 100,082 shares of the company's stock, valued at $7,440,095.88. This trade represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Mueller Industries Company 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.