Dimensional Fund Advisors LP Decreases Stock Holdings in Mueller Industries, Inc. (NYSE:MLI)

Dimensional Fund Advisors LP trimmed its position in Mueller Industries, Inc. (NYSE:MLI - Free Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,454,846 shares of the industrial products company's stock after selling 434,315 shares during the period. Dimensional Fund Advisors LP owned about 3.04% of Mueller Industries worth $274,183,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MLI. First Trust Advisors LP increased its stake in shares of Mueller Industries by 5.6% in the 4th quarter. First Trust Advisors LP now owns 6,214,930 shares of the industrial products company's stock worth $493,217,000 after purchasing an additional 327,479 shares in the last quarter. NewEdge Advisors LLC increased its position in Mueller Industries by 10.0% in the fourth quarter. NewEdge Advisors LLC now owns 13,302 shares of the industrial products company's stock worth $1,056,000 after buying an additional 1,212 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Mueller Industries by 7.8% in the fourth quarter. XTX Topco Ltd now owns 12,720 shares of the industrial products company's stock worth $1,009,000 after buying an additional 919 shares during the period. Barclays PLC grew its stake in shares of Mueller Industries by 32.4% during the 4th quarter. Barclays PLC now owns 261,004 shares of the industrial products company's stock valued at $20,713,000 after acquiring an additional 63,798 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in Mueller Industries by 209.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 34,356 shares of the industrial products company's stock worth $2,726,000 after acquiring an additional 23,245 shares in the last quarter. 94.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mueller Industries news, Director Scott Jay Goldman sold 10,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $79.81, for a total value of $798,100.00. Following the sale, the director now owns 56,098 shares in the company, valued at $4,477,181.38. The trade was a 15.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Mueller Industries Trading Up 2.4 %

NYSE MLI traded up $1.71 on Thursday, reaching $73.96. 830,029 shares of the stock were exchanged, compared to its average volume of 928,616. The firm has a market capitalization of $8.19 billion, a PE ratio of 13.93 and a beta of 0.96. Mueller Industries, Inc. has a one year low of $53.53 and a one year high of $96.81. The company's 50-day simple moving average is $76.79 and its two-hundred day simple moving average is $79.79.

Mueller Industries (NYSE:MLI - Get Free Report) last issued 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 return on equity of 22.97% and a net margin of 16.05%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1 billion.

Mueller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, March 14th. This is an increase from Mueller Industries's previous quarterly dividend of $0.20. Mueller Industries's payout ratio is 18.83%.

About Mueller Industries

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.