Teachers Retirement System of The State of Kentucky Has $1.74 Million Position in Mueller Industries, Inc. (NYSE:MLI)

Teachers Retirement System of The State of Kentucky increased its stake in Mueller Industries, Inc. (NYSE:MLI) by 100.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,808 shares of the industrial products company’s stock after purchasing an additional 18,404 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Mueller Industries were worth $1,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MLI. HighTower Advisors LLC lifted its holdings in Mueller Industries by 26.2% in the 3rd quarter. HighTower Advisors LLC now owns 10,922 shares of the industrial products company’s stock worth $826,000 after purchasing an additional 2,268 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Mueller Industries by 17.9% during the third quarter. Deutsche Bank AG now owns 29,129 shares of the industrial products company’s stock worth $2,189,000 after buying an additional 4,426 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Mueller Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 95,701 shares of the industrial products company’s stock worth $7,193,000 after buying an additional 28,766 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Mueller Industries by 39.2% during the third quarter. Epoch Investment Partners Inc. now owns 56,243 shares of the industrial products company’s stock worth $4,227,000 after buying an additional 15,846 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Mueller Industries by 7.5% during the third quarter. Westfield Capital Management Co. LP now owns 74,142 shares of the industrial products company’s stock worth $5,573,000 after buying an additional 5,182 shares during the last quarter. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jeffrey Andrew Martin sold 52,436 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $57.25, for a total transaction of $3,001,961.00. Following the sale, the chief financial officer now directly owns 313,529 shares in the company, valued at $17,949,535.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John B. Hansen sold 2,733 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $58.61, for a total transaction of $160,181.13. Following the sale, the director now directly owns 103,914 shares in the company, valued at $6,090,399.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey Andrew Martin sold 52,436 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $57.25, for a total value of $3,001,961.00. Following the completion of the sale, the chief financial officer now owns 313,529 shares in the company, valued at $17,949,535.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,169 shares of company stock worth $3,506,762. Company insiders own 2.80% of the company’s stock.

Mueller Industries Stock Up 0.4 %

Shares of MLI stock opened at $55.68 on Friday. Mueller Industries, Inc. has a 12 month low of $34.96 and a 12 month high of $60.31. The firm has a market cap of $6.33 billion, a PE ratio of 11.16 and a beta of 1.07. The stock has a 50 day moving average of $56.63 and a 200-day moving average of $51.66.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.21 EPS for the quarter. Mueller Industries had a return on equity of 24.69% and a net margin of 17.22%. The company had revenue of $849.65 million during the quarter.

Mueller Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, June 7th. Mueller Industries’s dividend payout ratio is presently 16.03%.

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.