Fractal Investments LLC Has $232,000 Holdings in Mueller Industries, Inc. (NYSE:MLI)

Fractal Investments LLC lifted its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,926 shares of the industrial products company’s stock after purchasing an additional 746 shares during the quarter. Fractal Investments LLC’s holdings in Mueller Industries were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Beaird Harris Wealth Management LLC bought a new position in Mueller Industries during the 3rd quarter worth $30,000. Fifth Third Bancorp raised its stake in Mueller Industries by 124.3% in the fourth quarter. Fifth Third Bancorp now owns 527 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 292 shares in the last quarter. Larson Financial Group LLC lifted its position in Mueller Industries by 100.0% during the fourth quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 299 shares during the period. Adirondack Trust Co. acquired a new stake in Mueller Industries during the third quarter worth about $45,000. Finally, NBC Securities Inc. bought a new position in Mueller Industries in the 3rd quarter valued at about $52,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mueller Industries news, CFO Jeffrey Andrew Martin sold 47,280 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.25, for a total value of $2,328,540.00. Following the completion of the transaction, the chief financial officer now owns 370,840 shares of the company’s stock, valued at approximately $18,263,870. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mueller Industries news, Director John B. Hansen sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.33, for a total value of $246,650.00. Following the sale, the director now owns 18,000 shares in the company, valued at approximately $887,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Andrew Martin sold 47,280 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $49.25, for a total value of $2,328,540.00. Following the completion of the sale, the chief financial officer now owns 370,840 shares in the company, valued at approximately $18,263,870. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Mueller Industries Price Performance

Shares of MLI stock traded up $0.52 on Wednesday, hitting $57.96. 1,581,059 shares of the company’s stock were exchanged, compared to its average volume of 679,712. Mueller Industries, Inc. has a 12 month low of $34.08 and a 12 month high of $59.59. The company has a 50 day moving average of $51.95 and a 200 day moving average of $46.70. The stock has a market cap of $6.58 billion, a P/E ratio of 10.91 and a beta of 1.08.

Mueller Industries (NYSE:MLI) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter. Mueller Industries had a net margin of 17.63% and a return on equity of 27.59%. The firm had revenue of $732.38 million during the quarter.

Mueller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.20 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.38%. This is a positive change from Mueller Industries’s previous quarterly dividend of $0.15. Mueller Industries’s dividend payout ratio (DPR) is currently 15.05%.

Wall Street Analysts Forecast Growth

MLI has been the subject of a number of recent analyst reports. Northcoast Research reaffirmed a “neutral” rating on shares of Mueller Industries in a report on Friday, January 19th. StockNews.com cut Mueller Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd.

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.