EMC Capital Management Has $751,000 Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

EMC Capital Management grew its position in Mueller Industries, Inc. (NYSE:MLI) by 450.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,469 shares of the industrial products company’s stock after buying an additional 7,749 shares during the period. Mueller Industries makes up 0.4% of EMC Capital Management’s portfolio, making the stock its 16th largest position. EMC Capital Management’s holdings in Mueller Industries were worth $751,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Mueller Industries by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after buying an additional 146 shares during the last quarter. Kapitalo Investimentos Ltda lifted its position in shares of Mueller Industries by 3.5% in the third quarter. Kapitalo Investimentos Ltda now owns 4,582 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 156 shares in the last quarter. GM Advisory Group LLC boosted its holdings in Mueller Industries by 5.3% during the third quarter. GM Advisory Group LLC now owns 3,792 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 192 shares during the last quarter. Atria Investments Inc grew its position in Mueller Industries by 2.5% in the third quarter. Atria Investments Inc now owns 12,396 shares of the industrial products company’s stock valued at $919,000 after purchasing an additional 302 shares in the last quarter. Finally, KBC Group NV increased its stake in Mueller Industries by 12.9% in the 3rd quarter. KBC Group NV now owns 2,784 shares of the industrial products company’s stock valued at $206,000 after buying an additional 318 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, Director Charles P. Herzog, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $92.04, for a total value of $1,380,600.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Stock Up 1.5 %

NYSE:MLI opened at $80.68 on Thursday. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 15.70 and a beta of 1.00. Mueller Industries, Inc. has a twelve month low of $47.46 and a twelve month high of $96.81. The stock’s 50 day moving average price is $80.89 and its two-hundred day moving average price is $76.22.

Mueller Industries Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Northcoast Research upgraded Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price objective 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.