SG Americas Securities LLC Makes New $303,000 Investment in Mueller Industries, Inc. (NYSE:MLI)

SG Americas Securities LLC bought a new stake in Mueller Industries, Inc. (NYSE:MLI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,979 shares of the industrial products company's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its stake in shares of Mueller Industries by 48.2% in the 4th quarter. Principal Securities Inc. now owns 1,135 shares of the industrial products company's stock worth $90,000 after acquiring an additional 369 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Mueller Industries by 2.0% during the fourth quarter. Sanctuary Advisors LLC now owns 13,636 shares of the industrial products company's stock worth $1,092,000 after purchasing an additional 263 shares in the last quarter. Amalgamated Bank lifted its holdings in Mueller Industries by 55.7% during the 4th quarter. Amalgamated Bank now owns 51,893 shares of the industrial products company's stock worth $4,118,000 after buying an additional 18,560 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Mueller Industries in the fourth quarter valued at $1,738,000. Finally, Versor Investments LP boosted its stake in shares of Mueller Industries by 7.7% in the 4th quarter. Versor Investments LP now owns 9,800 shares of the industrial products company's stock valued at $778,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 94.50% of the company's stock.

Mueller Industries Stock Down 0.2%

NYSE MLI traded down $0.14 on Monday, hitting $79.46. 1,087,551 shares of the stock were exchanged, compared to its average volume of 1,030,550. Mueller Industries, Inc. has a fifty-two week low of $55.20 and a fifty-two week high of $96.81. The company has a 50-day moving average price of $76.14 and a 200-day moving average price of $77.78. The company has a market cap of $8.79 billion, a PE ratio of 14.47 and a beta of 1.03.

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

Mueller Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, June 6th. Mueller Industries's dividend payout ratio (DPR) is 18.21%.

Insider Transactions at Mueller Industries

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 shares were sold at an average price of $73.46, for a total value of $1,210,841.18. Following the transaction, the director directly owned 39,615 shares in the company, valued at $2,910,117.90. This represents a 29.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Hansen sold 3,130 shares of the firm'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 sale, the director directly owned 93,914 shares in the company, valued at approximately $7,331,865.98. The trade was a 3.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,613 shares of company stock valued at $2,198,600. 2.70% of the stock is currently owned by corporate insiders.

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.