Mueller Industries, Inc. (NYSE:MLI) Position Increased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 202.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438,348 shares of the industrial products company’s stock after buying an additional 293,245 shares during the period. Janus Henderson Group PLC’s holdings in Mueller Industries were worth $34,801,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in Mueller Industries by 5.6% during the fourth quarter. First Trust Advisors LP now owns 6,214,930 shares of the industrial products company’s stock worth $493,217,000 after buying an additional 327,479 shares in the last quarter. Invesco Ltd. boosted its holdings in Mueller Industries by 50.3% during the fourth quarter. Invesco Ltd. now owns 2,788,607 shares of the industrial products company’s stock worth $221,304,000 after buying an additional 933,498 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mueller Industries by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 2,705,588 shares of the industrial products company’s stock worth $214,763,000 after buying an additional 117,327 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Mueller Industries during the fourth quarter worth approximately $201,376,000. Finally, FMR LLC boosted its holdings in Mueller Industries by 79.2% during 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 in the last quarter. 94.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John B. Hansen sold 3,130 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $78.07, for a total value of $244,359.10. Following the completion of the transaction, the director now owns 93,914 shares of the company’s stock, valued at approximately $7,331,865.98. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Terry Hermanson sold 10,000 shares of Mueller Industries stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $74.34, for a total transaction of $743,400.00. Following the sale, the director now directly owns 100,082 shares of the company’s stock, valued at $7,440,095.88. This trade represents a 9.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,613 shares of company stock valued at $2,198,600. Company insiders own 2.70% of the company’s stock.

Mueller Industries Stock Performance

Shares of NYSE:MLI opened at $79.16 on Thursday. The company has a 50 day moving average price of $75.37 and a 200 day moving average price of $79.76. Mueller Industries, Inc. has a 1-year low of $53.53 and a 1-year high of $96.81. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 14.91 and a beta of 1.03.

Mueller Industries (NYSE:MLI) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion.

Mueller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, June 6th. Mueller Industries’s dividend payout ratio is 18.21%.

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.