Janus Henderson Group PLC Has $34.80 Million Position in Mueller Industries, Inc. (NYSE:MLI)

Janus Henderson Group PLC raised its holdings in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 202.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 438,348 shares of the industrial products company's stock after purchasing an additional 293,245 shares during the quarter. Janus Henderson Group PLC owned 0.39% of Mueller Industries worth $34,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MLI. New Age Alpha Advisors LLC acquired a new position in Mueller Industries during the fourth quarter worth $32,000. Quarry LP purchased a new position in Mueller Industries in the 4th quarter valued at about $45,000. SBI Securities Co. Ltd. purchased a new stake in shares of Mueller Industries during the fourth quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mueller Industries during the fourth quarter worth $53,000. Finally, R Squared Ltd purchased a new position in shares of Mueller Industries during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 94.50% of the company's stock.

Mueller Industries Trading Down 0.4%

Shares of MLI traded down $0.30 during mid-day trading on Tuesday, reaching $78.21. The company had a trading volume of 140,061 shares, compared to its average volume of 928,276. Mueller Industries, Inc. has a fifty-two week low of $53.53 and a fifty-two week high of $96.81. The firm has a fifty day simple moving average of $75.26 and a 200-day simple moving average of $79.65. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 14.74 and a beta of 1.03.

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

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, June 6th. Mueller Industries's dividend payout ratio is currently 18.21%.

Insider Buying and Selling at Mueller Industries

In related news, Director John B. Hansen sold 3,130 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $78.07, for a total value of $244,359.10. Following the sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Terry Hermanson sold 10,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $74.34, for a total transaction of $743,400.00. Following the transaction, the director now directly owns 100,082 shares of the company's stock, valued at approximately $7,440,095.88. This represents a 9.08% 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 worth $2,198,600 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

Mueller Industries Company 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.