KBC Group NV Has $332,000 Stake in Mueller Industries, Inc. (NYSE:MLI)

KBC Group NV lifted its holdings in Mueller Industries, Inc. (NYSE:MLI) by 50.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,188 shares of the industrial products company’s stock after purchasing an additional 1,404 shares during the period. KBC Group NV’s holdings in Mueller Industries were worth $332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in shares of Mueller Industries by 20.4% in the 3rd quarter. New York State Common Retirement Fund now owns 405,618 shares of the industrial products company’s stock valued at $30,056,000 after purchasing an additional 68,633 shares during the period. State Street Corp lifted its stake in shares of Mueller Industries by 3.2% during the 3rd quarter. State Street Corp now owns 4,451,143 shares of the industrial products company’s stock worth $329,830,000 after buying an additional 139,406 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Mueller Industries by 1,322.6% in the third quarter. Farther Finance Advisors LLC now owns 8,436 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 7,843 shares in the last quarter. Merit Financial Group LLC bought a new position in Mueller Industries during the fourth quarter worth about $287,000. Finally, Creative Planning raised its stake in Mueller Industries by 36.5% in the 3rd quarter. Creative Planning now owns 40,081 shares of the industrial products company’s stock worth $2,970,000 after purchasing an additional 10,714 shares in the last quarter. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Charles P. Herzog, Jr. sold 15,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $92.04, for a total transaction of $1,380,600.00. Following the completion of the sale, the director now owns 17,733 shares in the company, valued at approximately $1,632,145.32. This represents a 45.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Mueller Industries Trading Down 0.8 %

Shares of Mueller Industries stock opened at $78.09 on Tuesday. The firm has a market capitalization of $8.88 billion, a PE ratio of 15.16 and a beta of 0.98. The firm’s 50 day moving average is $80.40 and its 200 day moving average is $76.64. Mueller Industries, Inc. has a 1 year low of $47.46 and a 1 year high of $96.81.

Mueller Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. Mueller Industries’s dividend payout ratio (DPR) is 15.53%.

Wall Street Analyst Weigh In

Separately, Northcoast Research raised Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, December 11th.

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.