Total Wealth Planning & Management Inc. Takes $396,000 Position in Mueller Industries, Inc. (NYSE:MLI)

Total Wealth Planning & Management Inc. acquired a new stake in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,995 shares of the industrial products company's stock, valued at approximately $396,000.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in Mueller Industries during the fourth quarter valued at about $32,000. Quarry LP bought a new stake in shares of Mueller Industries in the fourth quarter worth about $45,000. SBI Securities Co. Ltd. bought a new stake in Mueller Industries during the 4th quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mueller Industries during the 4th quarter valued at approximately $53,000. Finally, Point72 Hong Kong Ltd bought a new stake in Mueller Industries during the 4th quarter valued at approximately $53,000. Hedge funds and other institutional investors own 94.50% of the company's stock.

Mueller Industries Stock Up 1.1%

Shares of MLI stock traded up $0.85 during trading hours on Thursday, hitting $77.91. 653,330 shares of the company's stock traded hands, compared to its average volume of 938,464. The stock's fifty day simple moving average is $74.89 and its two-hundred day simple moving average is $79.15. Mueller Industries, Inc. has a 12-month low of $53.53 and a 12-month high of $96.81. The stock has a market cap 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 announced its earnings results on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.08. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 yield of 1.28%. Mueller Industries's dividend payout ratio (DPR) is presently 18.21%.

Insider Buying and Selling at Mueller Industries

In other news, Director Terry Hermanson sold 10,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $74.34, for a total transaction of $743,400.00. Following the completion of the sale, the director now owns 100,082 shares in the company, valued at approximately $7,440,095.88. This represents a 9.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John B. Hansen sold 3,130 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $78.07, for a total value of $244,359.10. Following the sale, the director now owns 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. Insiders have sold a total of 29,613 shares of company stock worth $2,198,600 over the last ninety days. Company 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.