Mueller Industries, Inc. (NYSE:MLI) is Systematic Financial Management LP's Largest Position

Systematic Financial Management LP raised its holdings in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 947,650 shares of the industrial products company's stock after buying an additional 8,308 shares during the period. Mueller Industries comprises approximately 1.9% of Systematic Financial Management LP's portfolio, making the stock its largest position. Systematic Financial Management LP owned about 0.83% of Mueller Industries worth $75,206,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MLI. New Age Alpha Advisors LLC bought a new position in shares of Mueller Industries during the fourth quarter valued at about $32,000. Quarry LP bought a new position in Mueller Industries in the fourth quarter worth about $45,000. SBI Securities Co. Ltd. bought a new position in Mueller Industries in the fourth quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Mueller Industries in the fourth quarter worth about $53,000. Finally, Point72 Hong Kong Ltd bought a new position in Mueller Industries in the fourth quarter worth about $53,000. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Industries Stock Performance

Shares of NYSE MLI opened at $79.35 on Friday. Mueller Industries, Inc. has a fifty-two week low of $53.53 and a fifty-two week high of $96.81. The company has a 50 day simple moving average of $75.27 and a two-hundred day simple moving average of $79.71. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 14.94 and a beta of 1.03.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, June 6th. Mueller Industries's dividend payout ratio is currently 18.21%.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, Director John B. Hansen sold 3,130 shares of Mueller Industries stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $78.07, for a total transaction of $244,359.10. Following the transaction, the director now owns 93,914 shares of the company's stock, valued at $7,331,865.98. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Jay Goldman sold 16,483 shares of Mueller Industries stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $73.46, for a total transaction of $1,210,841.18. Following the transaction, the director now directly owns 39,615 shares in the company, valued at $2,910,117.90. This represents a 29.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,613 shares of company stock valued at $2,198,600 over the last 90 days. 2.70% of the stock is currently owned by corporate 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.

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