Caisse DE Depot ET Placement DU Quebec Has $29.15 Million Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Mueller Industries, Inc. (NYSE:MLI) by 77.4% in the third quarter, Holdings Channel reports. The institutional investor owned 393,417 shares of the industrial products company’s stock after buying an additional 171,671 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Mueller Industries were worth $29,152,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MLI. New York State Common Retirement Fund grew its holdings in Mueller Industries by 20.4% during the 3rd quarter. New York State Common Retirement Fund now owns 405,618 shares of the industrial products company’s stock worth $30,056,000 after acquiring an additional 68,633 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Mueller Industries by 1,322.6% during the third quarter. Farther Finance Advisors LLC now owns 8,436 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 7,843 shares during the period. SG Americas Securities LLC grew its stake in shares of Mueller Industries by 314.6% in the second quarter. SG Americas Securities LLC now owns 38,041 shares of the industrial products company’s stock worth $2,166,000 after purchasing an additional 28,865 shares during the last quarter. Creative Planning increased its holdings in Mueller Industries by 36.5% in the third quarter. Creative Planning now owns 40,081 shares of the industrial products company’s stock valued at $2,970,000 after purchasing an additional 10,714 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in Mueller Industries by 8,040.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 19,455 shares of the industrial products company’s stock worth $1,442,000 after purchasing an additional 19,216 shares during the last quarter. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Mueller Industries Trading Down 0.1 %

NYSE MLI opened at $80.77 on Monday. The firm has a market capitalization of $9.19 billion, a PE ratio of 15.68 and a beta of 1.01. The business’s 50-day moving average price is $80.53 and its two-hundred day moving average price is $69.14. Mueller Industries, Inc. has a 12 month low of $40.69 and a 12 month high of $96.81.

Mueller Industries (NYSE:MLI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.32 by $0.16. Mueller Industries had a return on equity of 23.25% and a net margin of 16.39%. The business had revenue of $997.80 million for the quarter, compared to analysts’ expectations of $936.00 million. The firm’s revenue was up 21.7% compared to the same quarter last year.

Mueller Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, December 6th. Mueller Industries’s dividend payout ratio (DPR) is presently 15.53%.

Insider Buying and Selling

In other news, Director John B. Hansen sold 1,000 shares of Mueller Industries stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $83.09, for a total value of $83,090.00. Following the completion of the transaction, the director now directly owns 94,914 shares of the company’s stock, valued at approximately $7,886,404.26. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $92.04, for a total value of $1,380,600.00. Following the sale, the director now owns 17,733 shares in the company, valued at approximately $1,632,145.32. The trade was a 45.83 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

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.