Caitlin John LLC Buys 820 Shares of Mueller Industries, Inc. (NYSE:MLI)

Caitlin John LLC grew its position in Mueller Industries, Inc. (NYSE:MLI) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,753 shares of the industrial products company’s stock after purchasing an additional 820 shares during the period. Caitlin John LLC’s holdings in Mueller Industries were worth $1,647,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MLI. GAMMA Investing LLC increased its position in shares of Mueller Industries by 36.0% during the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Mueller Industries during the 3rd quarter valued at $41,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mueller Industries during the 4th quarter worth $53,000. City State Bank bought a new stake in shares of Mueller Industries during the 4th quarter worth $58,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Mueller Industries in the 3rd quarter worth about $64,000. 94.50% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Charles P. Herzog, Jr. sold 15,000 shares of Mueller Industries stock in a transaction 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 completion of the transaction, the director now directly owns 17,733 shares in the company, valued at approximately $1,632,145.32. The trade was a 45.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Mueller Industries Trading Up 2.7 %

Mueller Industries stock opened at $78.37 on Thursday. The business’s 50 day simple moving average is $80.25 and its 200 day simple moving average is $76.74. Mueller Industries, Inc. has a 12 month low of $47.46 and a 12 month high of $96.81. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 15.22 and a beta of 0.98.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Mueller Industries had a return on equity of 23.25% and a net margin of 16.39%.

Mueller Industries Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.02%. Mueller Industries’s payout ratio is 15.53%.

Analysts Set New Price Targets

Separately, Northcoast Research raised shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research 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.