Royce & Associates LP increased its position in Mueller Industries, Inc. (NYSE:MLI) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,094,534 shares of the industrial products company’s stock after buying an additional 81,256 shares during the period. Royce & Associates LP owned about 1.90% of Mueller Industries worth $33,329,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MLI. Louisiana State Employees Retirement System raised its position in Mueller Industries by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the industrial products company’s stock valued at $804,000 after buying an additional 400 shares during the last quarter. State of Alaska Department of Revenue raised its position in Mueller Industries by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the industrial products company’s stock valued at $217,000 after buying an additional 130 shares during the last quarter. Strs Ohio raised its position in Mueller Industries by 278.6% in the first quarter. Strs Ohio now owns 10,600 shares of the industrial products company’s stock valued at $362,000 after buying an additional 7,800 shares during the last quarter. First Midwest Bank Trust Division raised its position in Mueller Industries by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 22,736 shares of the industrial products company’s stock valued at $778,000 after buying an additional 738 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Mueller Industries by 4.6% in the first quarter. Wells Fargo & Company MN now owns 1,729,424 shares of the industrial products company’s stock valued at $59,197,000 after buying an additional 75,537 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

Mueller Industries, Inc. (NYSE:MLI) opened at 29.05 on Friday. The company’s 50-day moving average price is $30.19 and its 200 day moving average price is $32.75. Mueller Industries, Inc. has a 52-week low of $27.72 and a 52-week high of $43.96. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.59 and a beta of 1.37.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Mueller Industries’s dividend payout ratio (DPR) is presently 22.86%.

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Separately, BidaskClub lowered Mueller Industries from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.

In other news, Director John B. Hansen sold 2,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $31.05, for a total transaction of $62,100.00. Following the transaction, the director now owns 45,607 shares of the company’s stock, valued at approximately $1,416,097.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.79% of the stock is owned by corporate insiders.

About Mueller Industries

Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.

Institutional Ownership by Quarter for Mueller Industries (NYSE:MLI)

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