Caitlin John LLC Buys 820 Shares of Mueller Industries, Inc. (NYSE:MLI)

Caitlin John LLC lifted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,753 shares of the industrial products company’s stock after acquiring an additional 820 shares during the quarter. Caitlin John LLC’s holdings in Mueller Industries were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Mueller Industries during the 2nd quarter worth approximately $599,000. Park Avenue Securities LLC bought a new position in Mueller Industries during the third quarter worth $253,000. Handelsbanken Fonder AB lifted its holdings in Mueller Industries by 46.2% in the third quarter. Handelsbanken Fonder AB now owns 29,748 shares of the industrial products company’s stock valued at $2,204,000 after buying an additional 9,400 shares during the period. GAMMA Investing LLC boosted its position in Mueller Industries by 36.0% during the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new stake in Mueller Industries during the 3rd quarter worth about $292,000. 94.50% of the stock is owned by institutional investors and hedge funds.

Mueller Industries Stock Performance

Mueller Industries stock opened at $78.37 on Thursday. The stock’s 50 day moving average price is $80.25 and its two-hundred day moving average price is $76.74. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 15.22 and a beta of 0.98. Mueller Industries, Inc. has a 52-week low of $47.46 and a 52-week high of $96.81.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Mueller Industries had a net margin of 16.39% and a return on equity of 23.25%.

Mueller Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, December 6th. Mueller Industries’s payout ratio is 15.53%.

Analysts Set New Price Targets

Separately, Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Wednesday, December 11th.

Insider Buying and Selling

In other news, Director Charles P. Herzog, Jr. sold 15,000 shares of Mueller Industries stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the completion of the transaction, the director now directly owns 17,733 shares in the company, valued at $1,632,145.32. This trade represents a 45.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

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.