Fractal Investments LLC Has $232,000 Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Fractal Investments LLC raised its stake in shares of Mueller Industries, Inc. (NYSE:MLI) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,926 shares of the industrial products company’s stock after purchasing an additional 746 shares during the period. Fractal Investments LLC’s holdings in Mueller Industries were worth $232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Mueller Industries by 90.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,039,933 shares of the industrial products company’s stock worth $237,633,000 after acquiring an additional 2,399,862 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Mueller Industries by 194.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,883,088 shares of the industrial products company’s stock worth $135,938,000 after acquiring an additional 1,903,745 shares during the last quarter. Gates Capital Management Inc. grew its stake in shares of Mueller Industries by 53.4% in the third quarter. Gates Capital Management Inc. now owns 1,196,744 shares of the industrial products company’s stock worth $89,947,000 after acquiring an additional 416,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Mueller Industries by 98.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 643,872 shares of the industrial products company’s stock worth $30,359,000 after acquiring an additional 320,187 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mueller Industries by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 597,156 shares of the industrial products company’s stock worth $44,882,000 after acquiring an additional 36,646 shares during the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

Mueller Industries Trading Up 0.9 %

MLI stock traded up $0.52 during midday trading on Wednesday, hitting $57.96. The stock had a trading volume of 1,581,059 shares, compared to its average volume of 679,712. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 10.91 and a beta of 1.08. Mueller Industries, Inc. has a 52 week low of $34.08 and a 52 week high of $59.59. The stock has a 50-day simple moving average of $51.95 and a 200 day simple moving average of $46.70.

Mueller Industries (NYSE:MLI) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.05 EPS for the quarter. The firm had revenue of $732.38 million during the quarter. Mueller Industries had a return on equity of 27.59% and a net margin of 17.63%.

Mueller Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Mueller Industries’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.38%. Mueller Industries’s dividend payout ratio (DPR) is presently 15.05%.

Insider Buying and Selling at Mueller Industries

In other Mueller Industries news, CFO Jeffrey Andrew Martin sold 47,280 shares of Mueller Industries stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $49.25, for a total transaction of $2,328,540.00. Following the completion of the transaction, the chief financial officer now directly owns 370,840 shares of the company’s stock, valued at $18,263,870. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director John B. Hansen sold 5,000 shares of Mueller Industries stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $49.33, for a total value of $246,650.00. Following the completion of the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $887,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Andrew Martin sold 47,280 shares of Mueller Industries stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $49.25, for a total value of $2,328,540.00. Following the completion of the transaction, the chief financial officer now directly owns 370,840 shares of the company’s stock, valued at $18,263,870. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MLI shares. Northcoast Research restated a “neutral” rating on shares of Mueller Industries in a research note on Friday, January 19th. StockNews.com cut Mueller Industries from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd.

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.