Villanova Investment Management Co LLC Sells 17,269 Shares of Mueller Industries, Inc. $MLI

Key Points

• Villanova Investment Management Co LLC has reduced its position in Mueller Industries, Inc. by 73.6%, now holding 6,195 shares after selling 17,269 shares in the first quarter.
• Mueller Industries reported $1.96 earnings per share for the last quarter, exceeding analysts' expectations of $1.62, with revenue growth of 14.1% year-over-year.
• The company has announced a quarterly dividend of $0.25 per share, set to be paid on September 19th, with an annualized dividend yield of 1.0%.

Villanova Investment Management Co LLC reduced its position in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 73.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,195 shares of the industrial products company's stock after selling 17,269 shares during the period. Villanova Investment Management Co LLC's holdings in Mueller Industries were worth $472,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in Mueller Industries by 0.4% during the first quarter. Invesco Ltd. now owns 2,799,575 shares of the industrial products company's stock worth $213,160,000 after acquiring an additional 10,968 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Mueller Industries by 15.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,224,842 shares of the industrial products company's stock worth $93,259,000 after acquiring an additional 166,012 shares during the last quarter. Systematic Financial Management LP increased its stake in Mueller Industries by 1.0% during the first quarter. Systematic Financial Management LP now owns 957,113 shares of the industrial products company's stock worth $72,875,000 after acquiring an additional 9,463 shares during the last quarter. Nuveen LLC bought a new position in shares of Mueller Industries during the first quarter valued at approximately $54,072,000. Finally, Epoch Investment Partners Inc. grew its stake 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 valued at $45,509,000 after buying an additional 412,564 shares during the last quarter. 94.50% of the stock is owned by institutional investors.

Insider Activity at Mueller Industries

In other news, Director John B. Hansen sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $91.97, for a total transaction of $91,970.00. Following the transaction, the director owned 92,664 shares of the company's stock, valued at approximately $8,522,308.08. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company's stock.

Mueller Industries Price Performance

Shares of MLI traded up $0.21 during mid-day trading on Friday, reaching $99.08. 1,145,850 shares of the company's stock traded hands, compared to its average volume of 670,866. The stock has a market cap of $10.97 billion, a P/E ratio of 15.73 and a beta of 1.05. The stock's 50-day moving average is $90.42 and its two-hundred day moving average is $81.40. Mueller Industries, Inc. has a 12 month low of $66.84 and a 12 month high of $99.93.

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

Mueller Industries Dividend Announcement

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