Deutsche Bank AG Has $9.75 Million Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Deutsche Bank AG boosted its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 85.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,884 shares of the industrial products company’s stock after purchasing an additional 56,488 shares during the period. Deutsche Bank AG owned 0.11% of Mueller Industries worth $9,752,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in Mueller Industries in the fourth quarter valued at approximately $32,000. Quarry LP bought a new stake in Mueller Industries in the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. bought a new stake in Mueller Industries in the fourth quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mueller Industries in the fourth quarter valued at approximately $53,000. Finally, R Squared Ltd bought a new stake in Mueller Industries in the fourth quarter valued at approximately $69,000. Institutional investors own 94.50% of the company’s stock.

Insider Transactions at Mueller Industries

In related news, Director Terry Hermanson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $74.34, for a total transaction of $743,400.00. Following the sale, the director now owns 100,082 shares of the company’s stock, valued at $7,440,095.88. This represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Scott Jay Goldman sold 16,483 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $73.46, for a total value of $1,210,841.18. Following the sale, the director now directly owns 39,615 shares in the company, valued at $2,910,117.90. This represents a 29.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,613 shares of company stock worth $2,198,600. Company insiders own 2.70% of the company’s stock.

Mueller Industries Stock Up 0.4%

NYSE:MLI opened at $79.35 on Friday. The stock’s 50 day moving average price is $75.27 and its two-hundred day moving average price is $79.71. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 14.94 and a beta of 1.03. Mueller Industries, Inc. has a 12-month low of $53.53 and a 12-month high of $96.81.

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

Mueller Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. Mueller Industries’s dividend payout ratio (DPR) is currently 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.