KBC Group NV Has $1.57 Million Position in Mueller Industries, Inc. (NYSE:MLI)

KBC Group NV increased its stake in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 391.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,575 shares of the industrial products company's stock after purchasing an additional 16,387 shares during the quarter. KBC Group NV's holdings in Mueller Industries were worth $1,567,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in Mueller Industries by 6.1% in the 1st quarter. Fifth Third Bancorp now owns 3,701 shares of the industrial products company's stock valued at $282,000 after acquiring an additional 213 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Mueller Industries in the 1st quarter valued at about $303,000. Chevy Chase Trust Holdings LLC acquired a new stake in Mueller Industries in the 1st quarter valued at about $4,140,000. GAMMA Investing LLC lifted its holdings in Mueller Industries by 10,616.0% in the 1st quarter. GAMMA Investing LLC now owns 86,800 shares of the industrial products company's stock valued at $6,609,000 after acquiring an additional 85,990 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Mueller Industries by 3.0% in the 4th quarter. US Bancorp DE now owns 18,278 shares of the industrial products company's stock valued at $1,451,000 after acquiring an additional 537 shares during the last quarter. Institutional investors and hedge funds own 94.50% of the company's stock.

Insider Activity

In other news, Director Scott Jay Goldman sold 16,483 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $73.46, for a total value of $1,210,841.18. Following the transaction, the director owned 39,615 shares in the company, valued at $2,910,117.90. This represents a 29.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Terry Hermanson sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were 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. This represents a 9.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,613 shares of company stock worth $2,198,600 in the last 90 days. Company insiders own 2.70% of the company's stock.

Mueller Industries Price Performance

NYSE MLI traded up $0.72 on Friday, hitting $83.87. 533,525 shares of the company were exchanged, compared to its average volume of 1,036,365. The company's 50 day moving average price is $77.01 and its 200-day moving average price is $77.85. The firm has a market capitalization of $9.28 billion, a P/E ratio of 15.28 and a beta of 1.01. Mueller Industries, Inc. has a twelve month low of $55.72 and a twelve month high of $96.81.

Mueller Industries (NYSE:MLI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $1 billion. Mueller Industries had a return on equity of 23.17% and a net margin of 15.92%.

Mueller Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.25 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.19%. Mueller Industries's dividend payout ratio is 18.21%.

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.