Mueller Industries, Inc. (NYSE:MLI) Shares Sold by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC reduced its holdings in shares of Mueller Industries, Inc. (NYSE:MLI - Free Report) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,991 shares of the industrial products company's stock after selling 10,277 shares during the period. Mueller Industries makes up 2.1% of Villanova Investment Management Co LLC's holdings, making the stock its 15th largest position. Villanova Investment Management Co LLC's holdings in Mueller Industries were worth $2,000,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MLI. International Assets Investment Management LLC acquired a new position in Mueller Industries in the 2nd quarter worth approximately $26,000. Federated Hermes Inc. acquired a new stake in shares of Mueller Industries during the 2nd quarter valued at about $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Mueller Industries during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC raised its position in Mueller Industries by 36.0% during the third quarter. GAMMA Investing LLC now owns 552 shares of the industrial products company's stock worth $41,000 after acquiring an additional 146 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Mueller Industries by 61.7% during the second quarter. Larson Financial Group LLC now owns 967 shares of the industrial products company's stock worth $55,000 after purchasing an additional 369 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company's stock.

Mueller Industries Price Performance

MLI stock traded down $0.01 during trading on Friday, hitting $78.72. The stock had a trading volume of 1,136,914 shares, compared to its average volume of 2,019,631. The company's 50-day moving average price is $81.30 and its two-hundred day moving average price is $69.79. Mueller Industries, Inc. has a twelve month low of $41.94 and a twelve month high of $96.81. The stock has a market capitalization of $8.95 billion, a P/E ratio of 15.29 and a beta of 0.99.

Mueller Industries (NYSE:MLI - Get Free Report) last posted its quarterly earnings data 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. The firm 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 business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.20 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.02%. Mueller Industries's dividend payout ratio (DPR) is presently 15.53%.

Insider Buying and Selling

In related news, Director Charles P. Herzog, Jr. sold 15,000 shares of the 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 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 legal filing with the SEC, which is accessible through this link. Also, Director John B. Hansen sold 1,000 shares of the firm's 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 sale, the director now directly owns 94,914 shares of the company's stock, valued at $7,886,404.26. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

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.