Caisse DE Depot ET Placement DU Quebec Boosts Stake in Mueller Industries, Inc. (NYSE:MLI)

Caisse DE Depot ET Placement DU Quebec lifted its position in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 77.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 393,417 shares of the industrial products company's stock after buying an additional 171,671 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.35% of Mueller Industries worth $29,152,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund increased its stake in Mueller Industries by 20.4% during the third quarter. New York State Common Retirement Fund now owns 405,618 shares of the industrial products company's stock worth $30,056,000 after purchasing an additional 68,633 shares during the period. Farther Finance Advisors LLC increased its stake in Mueller Industries by 1,322.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,436 shares of the industrial products company's stock worth $625,000 after buying 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 acquiring an additional 28,865 shares in the last quarter. Creative Planning raised its stake in shares of 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 acquiring an additional 10,714 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Mueller Industries by 8,040.2% in the third quarter. Catalyst Capital Advisors LLC now owns 19,455 shares of the industrial products company's stock valued at $1,442,000 after acquiring an additional 19,216 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company's stock.

Insider Activity

In other news, Director John B. Hansen sold 1,000 shares of the 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 transaction, the director now owns 94,914 shares in the company, valued at approximately $7,886,404.26. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles P. Herzog, Jr. sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was 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 of the company's stock, 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. Company insiders own 2.80% of the company's stock.

Mueller Industries Trading Down 0.0 %

MLI traded down $0.02 on Monday, hitting $80.75. 1,360,484 shares of the company were exchanged, compared to its average volume of 833,957. The firm has a 50-day moving average price of $80.53 and a two-hundred day moving average price of $69.21. Mueller Industries, Inc. has a twelve month low of $41.94 and a twelve month high of $96.81. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 15.68 and a beta of 1.01.

Mueller Industries (NYSE:MLI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.16. The business had revenue of $997.80 million during the quarter, compared to the consensus estimate of $936.00 million. Mueller Industries had a return on equity of 23.25% and a net margin of 16.39%. The firm's quarterly revenue was up 21.7% on a year-over-year basis.

Mueller Industries Dividend Announcement

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

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.