Seizert Capital Partners LLC Acquires 28,858 Shares of Mueller Industries, Inc. (NYSE:MLI)

Seizert Capital Partners LLC lifted its holdings in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 74.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 67,632 shares of the industrial products company's stock after acquiring an additional 28,858 shares during the period. Seizert Capital Partners LLC owned approximately 0.06% of Mueller Industries worth $3,189,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MLI. Allspring Global Investments Holdings LLC lifted its holdings in Mueller Industries by 90.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,039,933 shares of the industrial products company's stock worth $237,633,000 after buying an additional 2,399,862 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Mueller Industries by 194.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,883,088 shares of the industrial products company's stock worth $135,938,000 after purchasing an additional 1,903,745 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Mueller Industries by 99.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,666,651 shares of the industrial products company's stock worth $78,583,000 after buying an additional 831,686 shares during the period. LSV Asset Management boosted its holdings in Mueller Industries by 82.6% during the fourth quarter. LSV Asset Management now owns 1,435,300 shares of the industrial products company's stock worth $67,674,000 after buying an additional 649,250 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Mueller Industries by 95.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,843 shares of the industrial products company's stock valued at $55,158,000 after purchasing an additional 572,687 shares during the period. Institutional investors own 94.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com cut shares of Mueller Industries from a "buy" rating to a "hold" rating in a report on Monday, January 22nd. Northcoast Research reaffirmed a "neutral" rating on shares of Mueller Industries in a report on Friday, January 19th.

Insider Transactions at Mueller Industries

In other news, Director John B. Hansen sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $57.29, for a total transaction of $229,160.00. Following the completion of the sale, the director now owns 104,214 shares in the company, valued at $5,970,420.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mueller Industries news, CFO Jeffrey Andrew Martin sold 52,436 shares of the firm's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $57.25, for a total transaction of $3,001,961.00. Following the transaction, the chief financial officer now directly owns 313,529 shares in the company, valued at approximately $17,949,535.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hansen sold 4,000 shares of the company's stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $57.29, for a total transaction of $229,160.00. Following the completion of the sale, the director now owns 104,214 shares of the company's stock, valued at approximately $5,970,420.06. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

Mueller Industries Stock Performance

Shares of NYSE MLI traded up $0.41 during midday trading on Friday, reaching $59.27. The stock had a trading volume of 387,772 shares, compared to its average volume of 709,042. Mueller Industries, Inc. has a twelve month low of $34.96 and a twelve month high of $59.59. The company's 50 day moving average price is $54.00 and its 200 day moving average price is $48.08. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 11.88 and a beta of 1.08.

Mueller Industries (NYSE:MLI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter. The firm had revenue of $732.38 million during the quarter. Mueller Industries had a return on equity of 24.69% and a net margin of 17.22%.

Mueller Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.35%. Mueller Industries's payout ratio is currently 16.03%.

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.

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