Mueller Industries, Inc. (NYSE:MLI) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. increased its holdings in shares of Mueller Industries, Inc. (NYSE:MLIFree Report) by 60.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,751 shares of the industrial products company’s stock after acquiring an additional 8,962 shares during the period. Natixis Advisors L.P.’s holdings in Mueller Industries were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in Mueller Industries by 90.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,039,933 shares of the industrial products company’s stock worth $237,633,000 after acquiring an additional 2,399,862 shares during the period. Pacer Advisors Inc. grew its holdings in Mueller Industries by 194.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,883,088 shares of the industrial products company’s stock valued at $135,938,000 after purchasing an additional 1,903,745 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Mueller Industries by 99.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,666,651 shares of the industrial products company’s stock valued at $78,583,000 after purchasing an additional 831,686 shares during the last quarter. Gates Capital Management Inc. grew its holdings in Mueller Industries by 53.4% in the third quarter. Gates Capital Management Inc. now owns 1,196,744 shares of the industrial products company’s stock valued at $89,947,000 after purchasing an additional 416,700 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Mueller Industries by 98.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 643,872 shares of the industrial products company’s stock valued at $30,359,000 after purchasing an additional 320,187 shares during the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

Insider Activity at Mueller Industries

In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the stock in a transaction 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 owns 313,529 shares of the company’s stock, valued at $17,949,535.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Jeffrey Andrew Martin sold 52,436 shares of the stock in a transaction dated 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 transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hansen sold 2,733 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $58.61, for a total value of $160,181.13. Following the transaction, the director now owns 103,914 shares in the company, valued at $6,090,399.54. The disclosure for this sale can be found here. Insiders have sold a total of 59,169 shares of company stock valued at $3,391,302 over the last quarter. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

MLI has been the topic of several research reports. Northcoast Research reissued a “neutral” rating on shares of Mueller Industries in a report on Friday, January 19th. StockNews.com lowered Mueller Industries from a “buy” rating to a “hold” rating in a report on Monday, January 22nd.

Read Our Latest Analysis on MLI

Mueller Industries Stock Down 0.7 %

MLI opened at $59.07 on Thursday. The firm has a market cap of $6.71 billion, a P/E ratio of 11.84 and a beta of 1.08. Mueller Industries, Inc. has a 52 week low of $34.96 and a 52 week high of $60.31. The business’s fifty day simple moving average is $54.47 and its 200 day simple moving average is $48.53.

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

Mueller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, June 7th. Mueller Industries’s payout ratio is currently 16.03%.

Mueller Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

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