Fiera Capital Corp Has $35.43 Million Stock Position in Mueller Industries, Inc. (NYSE:MLI)

Fiera Capital Corp cut its stake in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,339 shares of the industrial products company's stock after selling 3,631 shares during the quarter. Fiera Capital Corp owned 0.42% of Mueller Industries worth $35,431,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. D.A. Davidson & CO. acquired a new stake in shares of Mueller Industries in the first quarter worth $317,000. Fifth Third Bancorp boosted its position in shares of Mueller Industries by 6.1% in the first quarter. Fifth Third Bancorp now owns 3,701 shares of the industrial products company's stock worth $282,000 after buying an additional 213 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Mueller Industries in the first quarter worth $303,000. Chevy Chase Trust Holdings LLC acquired a new stake in shares of Mueller Industries in the first quarter worth $4,140,000. Finally, KBC Group NV boosted its position in shares of Mueller Industries by 391.3% in the first quarter. KBC Group NV now owns 20,575 shares of the industrial products company's stock worth $1,567,000 after buying an additional 16,387 shares during the period. 94.50% of the stock is owned by institutional investors.

Insider Transactions at Mueller Industries

In other news, Director John B. Hansen sold 3,130 shares of Mueller Industries stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $78.07, for a total value of $244,359.10. Following the transaction, the director directly owned 93,914 shares in the company, valued at approximately $7,331,865.98. The trade was a 3.23% decrease in their ownership of the stock. 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 dated Tuesday, May 6th. The stock was sold at an average price of $74.34, for a total value of $743,400.00. Following the completion of the transaction, the director owned 100,082 shares in the company, valued at $7,440,095.88. The trade was a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Mueller Industries Stock Down 2.4%

Shares of Mueller Industries stock traded down $2.01 during midday trading on Friday, hitting $83.36. The company's stock had a trading volume of 1,050,374 shares, compared to its average volume of 963,215. Mueller Industries, Inc. has a 1-year low of $62.74 and a 1-year high of $96.81. The stock has a 50-day simple moving average of $80.86 and a 200-day simple moving average of $78.66. The firm has a market capitalization of $9.23 billion, a P/E ratio of 13.23 and a beta of 1.02.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.34. Mueller Industries had a return on equity of 24.47% and a net margin of 17.48%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. The firm's quarterly revenue was up 14.1% on a year-over-year basis.

Mueller Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 5th. Mueller Industries's dividend payout ratio (DPR) is 15.87%.

About Mueller Industries

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.