Mueller Industries, Inc. (MLI) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP trimmed its position in Mueller Industries, Inc. (NYSE:MLI) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,019,120 shares of the industrial products company’s stock after selling 80,178 shares during the period. Dimensional Fund Advisors LP owned about 3.49% of Mueller Industries worth $70,568,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Amalgamated Bank boosted its holdings in Mueller Industries by 5.2% in the 2nd quarter. Amalgamated Bank now owns 7,949 shares of the industrial products company’s stock worth $242,000 after buying an additional 394 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Mueller Industries by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,075 shares of the industrial products company’s stock worth $1,342,000 after buying an additional 563 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Mueller Industries by 5.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 49,170 shares of the industrial products company’s stock worth $1,497,000 after buying an additional 2,330 shares during the last quarter. American International Group Inc. boosted its holdings in Mueller Industries by 5.7% in the 3rd quarter. American International Group Inc. now owns 45,197 shares of the industrial products company’s stock worth $1,580,000 after buying an additional 2,451 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Mueller Industries by 5.2% in the 2nd quarter. New York State Common Retirement Fund now owns 66,750 shares of the industrial products company’s stock worth $2,033,000 after buying an additional 3,309 shares during the last quarter. Institutional investors own 90.16% of the company’s stock.
In related news, Director Charles P. Herzog, Jr. bought 3,624 shares of the stock in a transaction dated Friday, October 27th. The shares were acquired at an average cost of $34.72 per share, for a total transaction of $125,825.28. Following the acquisition, the director now directly owns 3,624 shares in the company, valued at approximately $125,825.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John B. Hansen sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $33.15, for a total value of $66,300.00. Following the transaction, the director now owns 45,607 shares in the company, valued at $1,511,872.05. The disclosure for this sale can be found here. Insiders own 2.79% of the company’s stock.
Mueller Industries (NYSE:MLI) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $550.36 million for the quarter. Mueller Industries had a return on equity of 15.68% and a net margin of 4.39%.
The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 30th. Mueller Industries’s dividend payout ratio is currently 23.67%.
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Mueller Industries Company Profile
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
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