Sivia Capital Partners LLC Takes $444,000 Position in Mueller Industries, Inc. $MLI

Sivia Capital Partners LLC bought a new position in shares of Mueller Industries, Inc. (NYSE:MLI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,394 shares of the industrial products company’s stock, valued at approximately $444,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in shares of Mueller Industries by 28.9% during the 1st quarter. Raymond James Financial Inc. now owns 111,345 shares of the industrial products company’s stock worth $8,478,000 after acquiring an additional 24,972 shares in the last quarter. Vident Advisory LLC boosted its position in Mueller Industries by 3.2% during the first quarter. Vident Advisory LLC now owns 9,456 shares of the industrial products company’s stock worth $720,000 after purchasing an additional 294 shares in the last quarter. Baird Financial Group Inc. boosted its position in Mueller Industries by 2.5% during the first quarter. Baird Financial Group Inc. now owns 41,842 shares of the industrial products company’s stock worth $3,186,000 after purchasing an additional 1,031 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in Mueller Industries by 64.4% in the first quarter. Focus Partners Advisor Solutions LLC now owns 6,080 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 2,382 shares during the period. Finally, EP Wealth Advisors LLC increased its position in shares of Mueller Industries by 6.0% in the first quarter. EP Wealth Advisors LLC now owns 3,923 shares of the industrial products company’s stock valued at $299,000 after buying an additional 222 shares in the last quarter. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mueller Industries news, Director Scott Jay Goldman sold 4,234 shares of Mueller Industries stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $108.64, for a total transaction of $459,981.76. Following the transaction, the director directly owned 41,745 shares of the company’s stock, valued at $4,535,176.80. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hansen sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $105.71, for a total transaction of $105,710.00. Following the completion of the sale, the director directly owned 91,664 shares of the company’s stock, valued at approximately $9,689,801.44. This trade represents a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 355,234 shares of company stock worth $36,944,652. Insiders own 2.70% of the company’s stock.

Mueller Industries Stock Performance

NYSE:MLI opened at $116.40 on Wednesday. Mueller Industries, Inc. has a one year low of $66.84 and a one year high of $118.91. The stock has a market cap of $12.92 billion, a PE ratio of 17.37 and a beta of 1.04. The stock has a 50 day moving average price of $110.09 and a 200 day moving average price of $97.82.

Mueller Industries (NYSE:MLI) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.11). Mueller Industries had a return on equity of 25.02% and a net margin of 18.10%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $942.00 million. During the same period last year, the firm posted $1.48 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis.

Mueller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Mueller Industries’s dividend payout ratio is currently 14.93%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Industries in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Mueller Industries currently has an average rating of “Buy”.

About Mueller Industries

Mueller Industries, Inc is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products. Headquartered in Memphis, Tennessee, the company serves a wide range of markets including HVAC (heating, ventilation and air conditioning), refrigeration, plumbing, industrial gas, automotive and agricultural sectors. Its product portfolio encompasses copper and plastic tubing, brass fittings, valves and related components designed for fluid handling and temperature control applications.

The company operates through multiple business segments, including the Plumbing & Refrigeration segment, which supplies copper and plastic tubing, fittings and valves for residential and commercial construction markets; the Industrial Metals & Mining segment, which provides aluminum shapes and specialty brass products for industrial applications; and the Climate segment, which focuses on copper tubing and components for air conditioning and refrigeration systems.