Villanova Investment Management Co LLC Has $890,000 Stake in Mueller Industries, Inc. $MLI

Villanova Investment Management Co LLC trimmed its stake in Mueller Industries, Inc. (NYSE:MLI) by 47.2% during the third quarter, Holdings Channel reports. The fund owned 8,802 shares of the industrial products company’s stock after selling 7,880 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Mueller Industries were worth $890,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC grew its holdings in Mueller Industries by 2.3% during the third quarter. Aviance Capital Partners LLC now owns 4,235 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 97 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Mueller Industries by 5.1% during the 3rd quarter. Covestor Ltd now owns 2,162 shares of the industrial products company’s stock worth $218,000 after buying an additional 105 shares during the period. UMB Bank n.a. grew its stake in Mueller Industries by 2.2% in the 3rd quarter. UMB Bank n.a. now owns 5,394 shares of the industrial products company’s stock valued at $545,000 after buying an additional 115 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Mueller Industries by 7.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,624 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 119 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in Mueller Industries by 3.9% in the 2nd quarter. Wedbush Securities Inc. now owns 3,545 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 134 shares during the period. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MLI. Wall Street Zen cut shares of Mueller Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of Mueller Industries in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Mueller Industries Price Performance

Shares of Mueller Industries stock opened at $120.08 on Monday. The company has a market cap of $13.33 billion, a PE ratio of 17.48 and a beta of 1.03. The firm has a fifty day moving average price of $122.51 and a two-hundred day moving average price of $109.01. Mueller Industries, Inc. has a fifty-two week low of $66.84 and a fifty-two week high of $139.29.

Mueller Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. This is a boost from Mueller Industries’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, March 13th. Mueller Industries’s dividend payout ratio (DPR) is 14.56%.

Insider Transactions at Mueller Industries

In related news, Director Scott Jay Goldman sold 4,430 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $118.97, for a total transaction of $527,037.10. Following the transaction, the director directly owned 41,645 shares in the company, valued at $4,954,505.65. The trade was a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Hansen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $116.71, for a total value of $116,710.00. Following the completion of the sale, the director owned 90,664 shares of the company’s stock, valued at $10,581,395.44. This represents a 1.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,664 shares of company stock worth $1,103,729. 2.70% of the stock is owned by company insiders.

Mueller Industries Profile

Mueller Industries, Inc is a diversified manufacturer and marketer of copper, brass, aluminum and plastic products. Headquartered in Memphis, Tennessee, the company serves a wide range of markets including HVAC (heating, ventilation and air conditioning), refrigeration, plumbing, industrial gas, automotive and agricultural sectors. Its product portfolio encompasses copper and plastic tubing, brass fittings, valves and related components designed for fluid handling and temperature control applications.

The company operates through multiple business segments, including the Plumbing & Refrigeration segment, which supplies copper and plastic tubing, fittings and valves for residential and commercial construction markets; the Industrial Metals & Mining segment, which provides aluminum shapes and specialty brass products for industrial applications; and the Climate segment, which focuses on copper tubing and components for air conditioning and refrigeration systems.