Linden Thomas Advisory Services LLC Has $1.46 Million Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Linden Thomas Advisory Services LLC lowered its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,391 shares of the industrial products company’s stock after selling 204 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Mueller Industries were worth $1,460,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fiera Capital Corp acquired a new stake in Mueller Industries in the third quarter worth about $35,552,000. Charles Schwab Investment Management Inc. grew its position in shares of Mueller Industries by 27.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,469,736 shares of the industrial products company’s stock worth $108,907,000 after buying an additional 315,490 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mueller Industries by 77.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 393,417 shares of the industrial products company’s stock worth $29,152,000 after buying an additional 171,671 shares during the last quarter. Barclays PLC raised its stake in shares of Mueller Industries by 343.9% during the third quarter. Barclays PLC now owns 197,206 shares of the industrial products company’s stock worth $14,613,000 after buying an additional 152,780 shares during the last quarter. Finally, State Street Corp lifted its holdings in Mueller Industries by 3.2% in the third quarter. State Street Corp now owns 4,451,143 shares of the industrial products company’s stock valued at $329,830,000 after buying an additional 139,406 shares during the period. Institutional investors and hedge funds own 94.50% of the company’s stock.

Mueller Industries Trading Down 1.3 %

NYSE MLI opened at $80.78 on Friday. Mueller Industries, Inc. has a 12 month low of $47.11 and a 12 month high of $96.81. The stock has a 50-day simple moving average of $81.57 and a 200 day simple moving average of $75.78. The company has a market capitalization of $9.19 billion, a PE ratio of 15.68 and a beta of 1.00.

Mueller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.20 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.99%. Mueller Industries’s dividend payout ratio (DPR) is presently 15.53%.

Insider Activity at Mueller Industries

In related news, Director Charles P. Herzog, Jr. sold 15,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $92.04, for a total value of $1,380,600.00. Following the completion of the sale, the director now owns 17,733 shares in the company, valued at $1,632,145.32. This represents a 45.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Hansen sold 1,000 shares of Mueller Industries stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the transaction, the director now owns 94,914 shares in the company, valued at approximately $7,886,404.26. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Northcoast Research raised shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 target price for the company in a report on Wednesday, December 11th.

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.