Mueller Industries, Inc. (NYSE:MLI) Shares Bought by F&V Capital Management LLC

F&V Capital Management LLC increased its stake in Mueller Industries, Inc. (NYSE:MLI) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,170 shares of the industrial products company’s stock after purchasing an additional 2,280 shares during the period. Mueller Industries accounts for about 2.7% of F&V Capital Management LLC’s portfolio, making the stock its 20th largest position. F&V Capital Management LLC’s holdings in Mueller Industries were worth $9,015,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Mueller Industries by 100.0% during the 4th quarter. Vanguard Group Inc. now owns 12,299,997 shares of the industrial products company’s stock valued at $579,945,000 after acquiring an additional 6,150,358 shares during the period. First Trust Advisors LP lifted its stake in Mueller Industries by 94.5% during the 4th quarter. First Trust Advisors LP now owns 5,618,664 shares of the industrial products company’s stock valued at $264,920,000 after acquiring an additional 2,729,382 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Mueller Industries by 90.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,039,933 shares of the industrial products company’s stock valued at $237,633,000 after acquiring an additional 2,399,862 shares during the period. Dimensional Fund Advisors LP lifted its stake in Mueller Industries by 97.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,172,082 shares of the industrial products company’s stock valued at $196,718,000 after acquiring an additional 2,055,506 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Mueller Industries by 93.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 3,849,329 shares of the industrial products company’s stock valued at $181,496,000 after acquiring an additional 1,855,637 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Elizabeth M. Donovan sold 2,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $57.73, for a total value of $115,460.00. Following the completion of the sale, the director now owns 24,733 shares of the company’s stock, valued at approximately $1,427,836.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Elizabeth M. Donovan sold 2,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $57.73, for a total value of $115,460.00. Following the completion of the sale, the director now owns 24,733 shares of the company’s stock, valued at approximately $1,427,836.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Andrew Martin sold 52,436 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 313,529 shares of the company’s stock, valued at approximately $17,949,535.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,169 shares of company stock valued at $3,506,762. 2.80% of the stock is owned by corporate insiders.

Mueller Industries Trading Down 2.0 %

NYSE MLI traded down $1.13 on Wednesday, hitting $55.85. 716,355 shares of the company’s stock traded hands, compared to its average volume of 666,346. Mueller Industries, Inc. has a 1-year low of $34.96 and a 1-year high of $60.31. The firm’s 50-day moving average price is $56.83 and its two-hundred day moving average price is $51.93. The firm has a market capitalization of $6.34 billion, a PE ratio of 11.24 and a beta of 1.07.

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

Mueller Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, June 7th. Mueller Industries’s 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.