Anderson Hoagland & Co. Sells 8,166 Shares of Mueller Industries, Inc. (NYSE:MLI)

Anderson Hoagland & Co. cut its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,636 shares of the industrial products company’s stock after selling 8,166 shares during the quarter. Anderson Hoagland & Co.’s holdings in Mueller Industries were worth $4,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MLI. State Street Corp increased its position in Mueller Industries by 3.2% during the 3rd quarter. State Street Corp now owns 4,451,143 shares of the industrial products company’s stock valued at $329,830,000 after purchasing an additional 139,406 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Mueller Industries by 27.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,469,736 shares of the industrial products company’s stock valued at $108,907,000 after acquiring an additional 315,490 shares during the last quarter. FMR LLC grew its holdings in Mueller Industries by 2.6% during the 3rd quarter. FMR LLC now owns 1,066,658 shares of the industrial products company’s stock worth $79,039,000 after acquiring an additional 27,399 shares during the period. Systematic Financial Management LP lifted its stake in shares of Mueller Industries by 1.6% in the 3rd quarter. Systematic Financial Management LP now owns 939,342 shares of the industrial products company’s stock valued at $69,605,000 after purchasing an additional 14,729 shares during the period. Finally, Fiera Capital Corp acquired a new stake in Mueller Industries during the third quarter worth approximately $35,552,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Mueller Industries

In other news, Director John B. Hansen sold 1,000 shares of Mueller Industries stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $83.09, for a total transaction of $83,090.00. Following the completion of the transaction, the director now directly owns 94,914 shares in the company, valued at $7,886,404.26. This trade represents a 1.04 % 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. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $92.04, for a total transaction 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 disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Mueller Industries Price Performance

MLI stock opened at $80.78 on Friday. Mueller Industries, Inc. has a 1 year low of $47.11 and a 1 year high of $96.81. The stock has a market capitalization of $9.19 billion, a PE ratio of 15.68 and a beta of 1.00. The company’s 50-day moving average is $81.57 and its 200-day moving average is $75.78.

Mueller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders 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 yield of 0.99%. Mueller Industries’s dividend payout ratio (DPR) is presently 15.53%.

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.