Mueller Industries, Inc. (NYSE:MLI) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lessened its holdings in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 75.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,064 shares of the industrial products company's stock after selling 47,432 shares during the period. Nomura Holdings Inc.'s holdings in Mueller Industries were worth $1,195,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MLI. William Blair Investment Management LLC bought a new stake in Mueller Industries in the 4th quarter worth about $201,376,000. Norges Bank purchased a new stake in shares of Mueller Industries during the 4th quarter valued at approximately $117,351,000. Invesco Ltd. lifted its stake in Mueller Industries by 50.3% in the 4th quarter. Invesco Ltd. now owns 2,788,607 shares of the industrial products company's stock worth $221,304,000 after purchasing an additional 933,498 shares in the last quarter. FMR LLC lifted its stake in Mueller Industries by 79.2% in the 4th quarter. FMR LLC now owns 1,911,689 shares of the industrial products company's stock worth $151,712,000 after purchasing an additional 845,031 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Mueller Industries by 169.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,058,830 shares of the industrial products company's stock worth $84,029,000 after purchasing an additional 665,413 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company's stock.

Insider Activity at Mueller Industries

In other Mueller Industries news, Director Scott Jay Goldman sold 16,483 shares of Mueller Industries stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $73.46, for a total value of $1,210,841.18. Following the completion of the transaction, the director now directly owns 39,615 shares of the company's stock, valued at approximately $2,910,117.90. The trade was a 29.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John B. Hansen sold 3,130 shares of Mueller Industries stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $78.07, for a total transaction of $244,359.10. Following the completion of the sale, the director now owns 93,914 shares of the company's stock, valued at $7,331,865.98. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,613 shares of company stock valued at $2,198,600 in the last three months. Company insiders own 2.70% of the company's stock.

Mueller Industries Trading Down 0.3%

Shares of NYSE:MLI traded down $0.24 during trading on Friday, reaching $75.86. The company had a trading volume of 628,638 shares, compared to its average volume of 937,603. The company has a fifty day moving average of $75.03 and a two-hundred day moving average of $79.40. The stock has a market capitalization of $8.39 billion, a P/E ratio of 14.29 and a beta of 1.03. Mueller Industries, Inc. has a 12 month low of $53.53 and a 12 month high of $96.81.

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

Mueller Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Mueller Industries's dividend payout ratio (DPR) is currently 18.21%.

Mueller Industries 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.