Nebula Research & Development LLC Has $1.20 Million Stock Position in Mueller Industries, Inc. (NYSE:MLI)

Nebula Research & Development LLC lifted its holdings in Mueller Industries, Inc. (NYSE:MLI) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,085 shares of the industrial products company’s stock after acquiring an additional 213 shares during the period. Nebula Research & Development LLC’s holdings in Mueller Industries were worth $1,197,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Mueller Industries by 0.5% during the fourth quarter. Arizona State Retirement System now owns 31,245 shares of the industrial products company’s stock worth $2,480,000 after purchasing an additional 170 shares during the period. CIBC Asset Management Inc grew its position in Mueller Industries by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,447 shares of the industrial products company’s stock worth $274,000 after buying an additional 174 shares in the last quarter. Caprock Group LLC increased its stake in Mueller Industries by 2.3% during the 4th quarter. Caprock Group LLC now owns 8,495 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 194 shares during the period. Texas Yale Capital Corp. raised its holdings in Mueller Industries by 6.0% in the 4th quarter. Texas Yale Capital Corp. now owns 3,560 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 200 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its position in shares of Mueller Industries by 7.7% during the 4th quarter. Kestra Investment Management LLC now owns 3,045 shares of the industrial products company’s stock valued at $242,000 after acquiring an additional 218 shares during the period. 94.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Scott Jay Goldman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $79.81, for a total value of $798,100.00. Following the sale, the director now directly owns 56,098 shares in the company, valued at approximately $4,477,181.38. This trade represents a 15.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Mueller Industries Stock Performance

Shares of NYSE MLI opened at $73.06 on Friday. The stock has a market capitalization of $8.08 billion, a P/E ratio of 13.76 and a beta of 0.96. The stock’s fifty day moving average is $76.60 and its 200 day moving average is $79.85. Mueller Industries, Inc. has a 52 week low of $53.53 and a 52 week high of $96.81.

Mueller Industries (NYSE:MLI) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Mueller Industries’s previous quarterly dividend of $0.20. Mueller Industries’s payout ratio is 18.21%.

About Mueller Industries

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.