Mueller Industries, Inc. (NYSE:MLI) Shares Bought by XTX Topco Ltd

XTX Topco Ltd raised its holdings in Mueller Industries, Inc. (NYSE:MLI) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,720 shares of the industrial products company’s stock after buying an additional 919 shares during the period. XTX Topco Ltd’s holdings in Mueller Industries were worth $1,009,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. William Blair Investment Management LLC acquired a new position in Mueller Industries during the 4th quarter worth $201,376,000. Norges Bank purchased a new stake in shares of Mueller Industries during the fourth quarter worth approximately $117,351,000. Invesco Ltd. raised its holdings in Mueller Industries by 50.3% in the fourth quarter. Invesco Ltd. now owns 2,788,607 shares of the industrial products company’s stock valued at $221,304,000 after acquiring an additional 933,498 shares in the last quarter. FMR LLC lifted its stake in Mueller Industries by 79.2% in the fourth quarter. FMR LLC now owns 1,911,689 shares of the industrial products company’s stock worth $151,712,000 after acquiring an additional 845,031 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Mueller Industries by 59.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 844,287 shares of the industrial products company’s stock worth $67,003,000 after acquiring an additional 316,095 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.

Mueller Industries Trading Down 0.1 %

Shares of MLI opened at $73.64 on Wednesday. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 13.87 and a beta of 0.96. The firm’s fifty day simple moving average is $78.11 and its 200-day simple moving average is $79.91. Mueller Industries, Inc. has a twelve month low of $50.85 and a twelve month high of $96.81.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Mueller Industries had a return on equity of 22.97% and a net margin of 16.05%.

Mueller Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.25 dividend. This is a positive change from Mueller Industries’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, March 14th. Mueller Industries’s dividend payout ratio is currently 18.83%.

Insiders Place Their Bets

In related news, Director Scott Jay Goldman sold 10,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $79.81, for a total value of $798,100.00. Following the transaction, the director now directly owns 56,098 shares of the company’s stock, valued at $4,477,181.38. This trade represents a 15.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by corporate insiders.

Mueller Industries 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.