Kapitalo Investimentos Ltda Boosts Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Kapitalo Investimentos Ltda raised its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 42.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,801 shares of the industrial products company’s stock after purchasing an additional 2,333 shares during the period. Kapitalo Investimentos Ltda’s holdings in Mueller Industries were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in shares of Mueller Industries by 124.3% in the 4th quarter. Fifth Third Bancorp now owns 527 shares of the industrial products company’s stock worth $25,000 after buying an additional 292 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Mueller Industries by 100.0% in the 4th quarter. Larson Financial Group LLC now owns 598 shares of the industrial products company’s stock worth $28,000 after buying an additional 299 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new position in shares of Mueller Industries in the 3rd quarter worth approximately $30,000. Montag A & Associates Inc. purchased a new position in shares of Mueller Industries in the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc grew its position in shares of Mueller Industries by 100.0% in the 4th quarter. Versant Capital Management Inc now owns 974 shares of the industrial products company’s stock worth $46,000 after buying an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, Director John B. Hansen sold 4,000 shares of the company’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 transaction of $229,160.00. Following the transaction, the director now owns 104,214 shares in the company, valued at approximately $5,970,420.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John B. Hansen sold 4,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 104,214 shares of the company’s stock, valued at approximately $5,970,420.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elizabeth M. Donovan sold 2,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $57.73, for a total transaction of $115,460.00. Following the completion of the sale, the director now directly owns 24,733 shares in the company, valued at $1,427,836.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,169 shares of company stock worth $3,506,762. 2.80% of the stock is owned by corporate insiders.

Mueller Industries Stock Up 0.1 %

Shares of Mueller Industries stock opened at $55.17 on Wednesday. The firm’s 50 day moving average price is $56.42 and its 200-day moving average price is $51.46. Mueller Industries, Inc. has a 52-week low of $34.96 and a 52-week high of $60.31. The company has a market cap of $6.27 billion, a P/E ratio of 11.06 and a beta of 1.07.

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

Mueller Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. Mueller Industries’s payout ratio is 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.