HWG Holdings LP Purchases 12,971 Shares of Mueller Industries, Inc. (NYSE:MLI)

HWG Holdings LP boosted its position in Mueller Industries, Inc. (NYSE:MLI) by 31.4% during the 3rd quarter, Holdings Channel reports. The fund owned 54,325 shares of the industrial products company’s stock after buying an additional 12,971 shares during the period. Mueller Industries makes up 1.4% of HWG Holdings LP’s portfolio, making the stock its 23rd largest holding. HWG Holdings LP’s holdings in Mueller Industries were worth $4,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 worth $41,000 after purchasing an additional 146 shares during the period. Miller Howard Investments Inc. NY raised its holdings in Mueller Industries by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 7,188 shares of the industrial products company’s stock worth $409,000 after buying an additional 151 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in Mueller Industries by 3.5% during the third quarter. Kapitalo Investimentos Ltda now owns 4,582 shares of the industrial products company’s stock worth $340,000 after buying an additional 156 shares during the last quarter. Summit Global Investments lifted its stake in shares of Mueller Industries by 1.6% in the second quarter. Summit Global Investments now owns 12,844 shares of the industrial products company’s stock valued at $731,000 after buying an additional 204 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Mueller Industries by 1.8% during the second quarter. Hsbc Holdings PLC now owns 13,188 shares of the industrial products company’s stock valued at $757,000 after buying an additional 233 shares during the last quarter. Institutional investors own 94.50% of the company’s stock.

Insider Buying and Selling at Mueller Industries

In other news, CEO Gregory L. Christopher sold 45,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $67.73, for a total value of $3,047,850.00. Following the completion of the sale, the chief executive officer now owns 1,264,311 shares in the company, valued at $85,631,784.03. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Mueller Industries news, CEO Gregory L. Christopher sold 45,000 shares of Mueller Industries stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $67.73, for a total transaction of $3,047,850.00. Following the transaction, the chief executive officer now owns 1,264,311 shares of the company’s stock, valued at $85,631,784.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory L. Christopher sold 50,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 1,214,311 shares of the company’s stock, valued at approximately $84,904,625.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,000 shares of company stock worth $7,081,770. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Price Performance

NYSE:MLI opened at $81.79 on Friday. Mueller Industries, Inc. has a one year low of $36.39 and a one year high of $84.11. The company has a market cap of $9.27 billion, a PE ratio of 15.88 and a beta of 1.03. The firm has a 50-day moving average of $71.51 and a 200-day moving average of $63.39.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.16. Mueller Industries had a return on equity of 23.25% and a net margin of 16.39%. The firm had revenue of $997.80 million during the quarter, compared to analyst estimates of $936.00 million. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year.

Mueller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, September 6th. Mueller Industries’s payout ratio is currently 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.