Mueller Industries, Inc. (NYSE:MLI) Position Increased by Xponance Inc.

Xponance Inc. grew its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 104.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,816 shares of the industrial products company’s stock after acquiring an additional 3,479 shares during the quarter. Xponance Inc.’s holdings in Mueller Industries were worth $321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. F&V Capital Management LLC lifted its holdings in Mueller Industries by 100.0% in the fourth quarter. F&V Capital Management LLC now owns 164,890 shares of the industrial products company’s stock worth $7,775,000 after purchasing an additional 82,445 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Mueller Industries during the 4th quarter worth about $2,678,000. Nisa Investment Advisors LLC lifted its stake in shares of Mueller Industries by 86.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,850 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 4,575 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Mueller Industries by 181.2% in the third quarter. Qube Research & Technologies Ltd now owns 57,165 shares of the industrial products company’s stock valued at $4,297,000 after acquiring an additional 36,835 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of Mueller Industries in the third quarter valued at approximately $705,000. Institutional investors own 94.50% of the company’s stock.

Insider Buying and Selling

In related news, Director John B. Hansen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $49.33, for a total value of $246,650.00. Following the completion of the transaction, the director now owns 18,000 shares of the company’s stock, valued at approximately $887,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John B. Hansen sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $57.29, for a total value of $229,160.00. Following the completion of the transaction, the director now owns 104,214 shares of the company’s stock, valued at approximately $5,970,420.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Hansen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $49.33, for a total transaction of $246,650.00. Following the completion of the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $887,940. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,280 shares of company stock worth $2,804,350. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Price Performance

Mueller Industries stock opened at $57.33 on Friday. The stock has a market capitalization of $6.51 billion, a PE ratio of 11.49 and a beta of 1.08. Mueller Industries, Inc. has a 12-month low of $34.08 and a 12-month high of $59.59. The firm has a 50 day simple moving average of $52.44 and a 200-day simple moving average of $47.07.

Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 earnings per share for the quarter. The firm had revenue of $732.38 million during the quarter. Mueller Industries had a net margin of 17.22% and a return on equity of 24.69%.

Mueller Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. This is a boost from Mueller Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, March 14th. Mueller Industries’s dividend payout ratio (DPR) is presently 16.03%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Mueller Industries from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Northcoast Research reiterated a “neutral” rating on shares of Mueller Industries in a report on Friday, January 19th.

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.