Mueller Industries Inc (MLI) Files Form 4 Insider Selling : John B Hansen Sells 5,000 Shares

Mueller Industries Inc (MLI): John B Hansen , director of Mueller Industries Inc sold 5,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $30.01 per share for a total value of $150,053.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, John B Hansen (director) sold 5,000 shares at $30.43 per share price.On Feb 24, 2016, Richard W Corman (VP – Financial Systems) sold 25,074 shares at $26.31 per share price.Also, On Sep 1, 2015, Douglas John Murdock (President, Climate Businesses) sold 4,000 shares at $31.50 per share price.On May 8, 2015, Paul J Flaherty (director) sold 1,000 shares at $35.51 per share price.

Mueller Industries: On Monday, May 16, 2016 heightened volatility was witnessed in Mueller Industries which led to swings in the share price. The shares opened for trading at $30.12 and hit $30.63 on the upside , eventually ending the session at $30.15, with a gain of 0.80% or 0.24 points. The heightened volatility saw the trading volume jump to 92,463 shares. The 52-week high of the share price is $36.3 and the company has a market cap of $1,722 M . The 52-week low of the share price is at $23.09.

Mueller Industries Money Flow Index Chart

On May 6, 2016, Mueller Industries announced a cash dividend of $0.1000. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Mueller Industries Inc. (Mueller) is a manufacturer of plumbing heating ventilation and air-conditioning (HVAC) refrigeration and industrial products. The Company’s products include copper tube and fittings; brass and copper alloy rod bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products and steel nipples. The Company also resells imported brass and plastic plumbing valves malleable iron fittings faucets and plumbing specialty products. The Company operates through two segments: Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). The Plumbing & Refrigeration segment is composed of Standard Products European Operations and Mexican Operations. The OEM segment is composed of Industrial Products (IPD) Engineered Products (EPD) and Jiangsu Mueller–Xingrong Copper Industries Limited (Mueller-Xingrong) the Company’s Chinese joint venture.

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