Caitlin John LLC Has $1.05 Million Stock Holdings in Mueller Industries, Inc. $MLI

Key Points

• Caitlin John LLC increased its stake in Mueller Industries by 83.2%, acquiring an additional 5,992 shares, for a total of 13,194 shares valued at approximately $1,049,000.
• Institutional investors own 94.50% of Mueller Industries' stock, with several firms like Ridgewood Investments and Park Avenue Securities also boosting their positions significantly during the 2nd quarter.
• Mueller Industries reported a quarterly EPS of $1.96, exceeding expectations, with a year-over-year revenue increase of 14.1% to $1.14 billion.

Caitlin John LLC grew its stake in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 83.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,194 shares of the industrial products company's stock after purchasing an additional 5,992 shares during the quarter. Caitlin John LLC's holdings in Mueller Industries were worth $1,049,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in Mueller Industries in the first quarter worth approximately $54,072,000. AQR Capital Management LLC raised its stake in Mueller Industries by 329.0% during the 1st quarter. AQR Capital Management LLC now owns 588,428 shares of the industrial products company's stock valued at $43,926,000 after purchasing an additional 451,261 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Mueller Industries by 222.8% during the first quarter. Epoch Investment Partners Inc. now owns 597,704 shares of the industrial products company's stock worth $45,509,000 after acquiring an additional 412,564 shares in the last quarter. TD Asset Management Inc acquired a new position in Mueller Industries in the 1st quarter worth about $18,114,000. Finally, Bessemer Group Inc. increased its position in Mueller Industries by 78.2% in the 1st quarter. Bessemer Group Inc. now owns 443,281 shares of the industrial products company's stock worth $33,751,000 after purchasing an additional 194,463 shares during the last quarter. 94.50% of the stock is owned by institutional investors.

Mueller Industries Trading Up 1.3%

Mueller Industries stock traded up $1.33 during mid-day trading on Monday, hitting $100.99. 776,785 shares of the company's stock were exchanged, compared to its average volume of 846,499. The stock has a market cap of $11.18 billion, a P/E ratio of 16.03 and a beta of 1.04. Mueller Industries, Inc. has a 1-year low of $66.84 and a 1-year high of $101.33. The stock has a 50 day moving average of $92.20 and a two-hundred day moving average of $82.24.

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

Mueller Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. Mueller Industries's payout ratio is currently 15.87%.

Insider Buying and Selling at Mueller Industries

In other news, Director John B. Hansen sold 1,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $91.97, for a total value of $91,970.00. Following the completion of the transaction, the director owned 92,664 shares of the company's stock, valued at $8,522,308.08. The trade was a 1.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.