Mueller Industries, Inc. (NYSE:MLI) Shares Purchased by F&V Capital Management LLC

F&V Capital Management LLC raised its stake in Mueller Industries, Inc. (NYSE:MLI) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,354 shares of the industrial products company’s stock after purchasing an additional 2,079 shares during the quarter. Mueller Industries comprises approximately 3.6% of F&V Capital Management LLC’s holdings, making the stock its 13th biggest holding. F&V Capital Management LLC owned approximately 0.15% of Mueller Industries worth $13,837,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MLI. GAMMA Investing LLC boosted its holdings in Mueller Industries by 36.0% in the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 146 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in shares of Mueller Industries by 3.5% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 4,582 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 156 shares during the period. GM Advisory Group LLC raised its holdings in shares of Mueller Industries by 5.3% in the 3rd quarter. GM Advisory Group LLC now owns 3,792 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 192 shares during the period. Caprock Group LLC lifted its stake in shares of Mueller Industries by 2.3% in the 4th quarter. Caprock Group LLC now owns 8,495 shares of the industrial products company’s stock valued at $674,000 after purchasing an additional 194 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Mueller Industries by 2.5% during the 3rd quarter. Atria Investments Inc now owns 12,396 shares of the industrial products company’s stock worth $919,000 after purchasing an additional 302 shares during the period. 94.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Charles P. Herzog, Jr. sold 15,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 17,733 shares in the company, valued at approximately $1,632,145.32. This represents a 45.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Mueller Industries Trading Down 0.8 %

NYSE:MLI opened at $78.09 on Tuesday. The firm’s fifty day simple moving average is $80.40 and its 200 day simple moving average is $76.64. Mueller Industries, Inc. has a twelve month low of $47.46 and a twelve month high of $96.81. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 15.16 and a beta of 0.98.

Mueller Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, December 6th. Mueller Industries’s payout ratio is 15.53%.

Analysts Set New Price Targets

Separately, Northcoast Research raised shares of Mueller Industries from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, December 11th.

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.