3 days Ago By ABMN Staff
Bokf Na grew its position in Mueller Industries, Inc. ( NYSE:MLI – Free Report ) by 102.9% during the 2nd quarter, HoldingsChannel.
com reports. The firm owned 14,517 shares of the industrial products company’s stock after acquiring an additional 7,361 shares during the quarter. Bokf Na’s holdings in Mueller Industries were worth $827,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Mueller Industries during the 2nd quarter worth about $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Mueller Industries during the 2nd quarter worth about $30,000.
LifeSteps Financial Inc. bought a new stake in shares of Mueller Industries during the 1st quarter worth about $43,000. CWM LLC boosted its stake in shares of Mueller Industries by 36.
9% during the 1st quarter. CWM LLC now owns 827 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 223 shares in the last quarter. Finally, Nomura Asset Management Co.
Ltd. boosted its stake in shares of Mueller Industries by 100.0% during the 4th quarter.
Nomura Asset Management Co. Ltd. now owns 1,000 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 500 shares in the last quarter.
94.50% of the stock is owned by institutional investors and hedge funds. Insider Activity at Mueller Industries In related news, Director John B.
Hansen sold 8,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $67.24, for a total transaction of $537,920.
00. Following the completion of the sale, the director now owns 95,914 shares in the company, valued at approximately $6,449,257.36.
The sale was disclosed in a filing with the SEC, which is available through the SEC website . In related news, Director John B. Hansen sold 8,000 shares of the stock in a transaction that occurred on Friday, August 9th.
The stock was sold at an average price of $67.24, for a total transaction of $537,920.00.
Following the completion of the sale, the director now owns 95,914 shares in the company, valued at approximately $6,449,257.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
Also, CEO Gregory L. Christopher sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $69.
92, for a total value of $3,496,000.00. Following the sale, the chief executive officer now owns 1,214,311 shares of the company’s stock, valued at approximately $84,904,625.
12. The disclosure for this sale can be found here . Insiders sold a total of 103,000 shares of company stock worth $7,081,770 in the last 90 days.
2.80% of the stock is owned by company insiders. Mueller Industries Stock Performance Mueller Industries ( NYSE:MLI – Get Free Report ) last released its quarterly earnings results on Tuesday, July 23rd.
The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.
12. Mueller Industries had a return on equity of 22.86% and a net margin of 16.
19%. The company had revenue of $997.75 million during the quarter.
Mueller Industries Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.20 per share.
The ex-dividend date is Friday, September 6th. This represents a $0.80 annualized dividend and a yield of 1.
14%. Mueller Industries’s payout ratio is 16.03%.
About Mueller Industries ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding MLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Industries, Inc. ( NYSE:MLI – Free Report ).
Receive News & Ratings for Mueller Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries and related companies with MarketBeat.com's FREE daily email newsletter ..
