Mueller Industries, Inc. $MLI Holdings Trimmed by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 10.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,913 shares of the industrial products company’s stock after selling 3,322 shares during the period. Voya Investment Management LLC’s holdings in Mueller Industries were worth $2,278,000 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 the company. Quantinno Capital Management LP lifted its position in shares of Mueller Industries by 44.5% in the fourth quarter. Quantinno Capital Management LP now owns 7,444 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 2,291 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Mueller Industries by 20.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 227,355 shares of the industrial products company’s stock worth $18,043,000 after purchasing an additional 38,507 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Mueller Industries in the fourth quarter worth approximately $293,000. Vise Technologies Inc. purchased a new stake in shares of Mueller Industries in the fourth quarter worth approximately $258,000. Finally, GTS Securities LLC purchased a new stake in shares of Mueller Industries in the fourth quarter worth approximately $285,000. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Industries Price Performance

NYSE MLI opened at $99.62 on Monday. The company has a 50 day simple moving average of $91.90 and a 200-day simple moving average of $82.11. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 15.81 and a beta of 1.04. Mueller Industries, Inc. has a 52-week low of $66.84 and a 52-week high of $100.64.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.34. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. Mueller Industries had a net margin of 17.48% and a return on equity of 24.47%. Mueller Industries’s revenue for the quarter was up 14.1% compared to the same quarter last year.

Mueller Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. Mueller Industries’s dividend payout ratio (DPR) is presently 15.87%.

Insiders Place Their Bets

In related news, Director John B. Hansen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $91.97, for a total transaction of $91,970.00. Following the transaction, the director owned 92,664 shares of the company’s stock, valued at approximately $8,522,308.08. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.70% of the company’s stock.

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.