SG Americas Securities LLC Sells 3,468 Shares of Mueller Industries, Inc. (NYSE:MLI)

SG Americas Securities LLC decreased its position in Mueller Industries, Inc. (NYSE:MLI – Get Rating) by 23.2% during the 3rd quarter, Holdings Channel reports. The firm owned 11,507 shares of the industrial products company’s stock after selling 3,468 shares during the quarter. SG Americas Securities LLC’s holdings in Mueller Industries were worth $684,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Raymond James & Associates bought a new stake in Mueller Industries during the 1st quarter worth about $379,000. HighTower Advisors LLC grew its holdings in Mueller Industries by 18.7% during the 1st quarter. HighTower Advisors LLC now owns 4,400 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 693 shares during the last quarter. Citigroup Inc. grew its holdings in Mueller Industries by 9.4% during the 1st quarter. Citigroup Inc. now owns 49,850 shares of the industrial products company’s stock worth $2,700,000 after acquiring an additional 4,289 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Mueller Industries by 18.1% during the 1st quarter. Natixis Advisors L.P. now owns 11,931 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 1,826 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Mueller Industries by 607.0% during the 1st quarter. Acadian Asset Management LLC now owns 11,949 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 10,259 shares during the last quarter. Institutional investors own 89.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Mueller Industries in a report on Wednesday, October 12th. They set a “buy” rating on the stock.

Mueller Industries Trading Up 0.4 %

Mueller Industries stock opened at $63.82 on Friday. Mueller Industries, Inc. has a 1 year low of $49.42 and a 1 year high of $70.43. The company has a market cap of $3.62 billion, a PE ratio of 5.61 and a beta of 1.13. The company’s 50-day moving average is $64.52 and its two-hundred day moving average is $63.09.

Mueller Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.57%. Mueller Industries’s payout ratio is presently 8.79%.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, Director John B. Hansen sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $68.94, for a total transaction of $68,940.00. Following the transaction, the director now directly owns 55,885 shares in the company, valued at approximately $3,852,711.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Mueller Industries Company Profile

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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; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling.