Capital Fund Management S.A. Buys 11,836 Shares of Mueller Industries, Inc. (NYSE:MLI)

Capital Fund Management S.A. grew its position in shares of Mueller Industries, Inc. (NYSE:MLI) by 84.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,822 shares of the industrial products company’s stock after acquiring an additional 11,836 shares during the quarter. Capital Fund Management S.A.’s holdings in Mueller Industries were worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC purchased a new stake in Mueller Industries during the fourth quarter valued at $201,376,000. Norges Bank purchased a new stake in shares of Mueller Industries during the 4th quarter valued at about $117,351,000. Invesco Ltd. lifted its stake in shares of Mueller Industries by 50.3% in the 4th quarter. Invesco Ltd. now owns 2,788,607 shares of the industrial products company’s stock worth $221,304,000 after purchasing an additional 933,498 shares during the period. FMR LLC boosted its holdings in shares of 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 buying an additional 845,031 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Mueller Industries by 59.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 844,287 shares of the industrial products company’s stock valued at $67,003,000 after buying an additional 316,095 shares during the period. 94.50% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Industries Trading Down 0.4 %

MLI opened at $73.82 on Tuesday. The firm’s 50 day simple moving average is $78.27 and its two-hundred day simple moving average is $79.95. The company has a market capitalization of $8.18 billion, a PE ratio of 13.90 and a beta of 0.96. Mueller Industries, Inc. has a 1-year low of $50.85 and a 1-year high of $96.81.

Mueller Industries (NYSE:MLI) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.21 EPS for the quarter, topping 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Mueller Industries’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Mueller Industries’s payout ratio is 18.83%.

Insiders Place Their Bets

In other 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 completion of the sale, the director now directly owns 56,098 shares of the company’s stock, valued at $4,477,181.38. This represents a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by company insiders.

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.