Victory Capital Management Inc. Acquires 3,925 Shares of Mueller Industries, Inc. (MLI)
Victory Capital Management Inc. boosted its holdings in shares of Mueller Industries, Inc. (NYSE:MLI) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 1,342,125 shares of the industrial products company’s stock after purchasing an additional 3,925 shares during the period. Victory Capital Management Inc.’s holdings in Mueller Industries were worth $47,552,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Mueller Industries during the fourth quarter valued at approximately $188,000. Raymond James Financial Services Advisors Inc. bought a new position in Mueller Industries during the second quarter valued at approximately $206,000. Magnetar Financial LLC bought a new position in Mueller Industries during the third quarter valued at approximately $206,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Mueller Industries during the third quarter valued at approximately $227,000. Finally, Amalgamated Bank raised its position in Mueller Industries by 5.2% during the second quarter. Amalgamated Bank now owns 7,949 shares of the industrial products company’s stock valued at $242,000 after acquiring an additional 394 shares in the last quarter. 90.42% of the stock is currently owned by hedge funds and other institutional investors.
Mueller Industries, Inc. (MLI) opened at $26.99 on Thursday. The firm has a market cap of $1,642.82, a P/E ratio of 19.07 and a beta of 1.27. The company has a current ratio of 3.05, a quick ratio of 1.67 and a debt-to-equity ratio of 0.84. Mueller Industries, Inc. has a 52-week low of $26.91 and a 52-week high of $43.96.
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
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