Caisse DE Depot ET Placement DU Quebec Raises Holdings in Mueller Industries, Inc. (NYSE:MLI)

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 169.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,058,830 shares of the industrial products company's stock after acquiring an additional 665,413 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.93% of Mueller Industries worth $84,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Mueller Industries by 343.9% during the 3rd quarter. Barclays PLC now owns 197,206 shares of the industrial products company's stock valued at $14,613,000 after purchasing an additional 152,780 shares in the last quarter. Virtu Financial LLC acquired a new stake in Mueller Industries during the third quarter valued at $278,000. Westside Investment Management Inc. purchased a new position in Mueller Industries in the third quarter valued at $41,000. World Investment Advisors LLC acquired a new position in shares of Mueller Industries in the third quarter worth about $2,166,000. Finally, Franklin Resources Inc. boosted its stake in shares of Mueller Industries by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 69,102 shares of the industrial products company's stock worth $5,073,000 after acquiring an additional 4,360 shares in the last quarter. 94.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Scott Jay Goldman sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $79.81, for a total value of $798,100.00. Following the transaction, the director now directly owns 56,098 shares of the company's stock, valued at approximately $4,477,181.38. This trade represents a 15.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company's stock.

Mueller Industries Stock Down 0.0 %

Shares of Mueller Industries stock opened at $73.54 on Friday. The firm has a market cap of $8.14 billion, a PE ratio of 13.85 and a beta of 0.96. Mueller Industries, Inc. has a twelve month low of $53.53 and a twelve month high of $96.81. The business has a 50-day moving average price of $76.05 and a 200 day moving average price of $79.82.

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

Mueller Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. This is an increase from Mueller Industries's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 14th. Mueller Industries's dividend payout ratio (DPR) is presently 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.

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