Vaughan Nelson Investment Management, L.P. 13F: Adds $15M to MLI Stake

Vaughan Nelson Investment Management, L.P. has increased its stake in Mueller Industries, Inc. (NYSE: MLI) by 18.6%. According to the latest Form 13F filing with the SEC, the firm added 110,250 shares during the reporting period, bringing its total holdings to 702,105 shares valued at approximately $96.95 million. This filing reflects holdings as of the end of the previous quarter.

What Changed in Vaughan Nelson's Mueller Industries Position

Vaughan Nelson's recent move involved boosting its holdings in Mueller Industries from 591,855 shares to 702,105 shares, an increase of 110,250 shares. This 18.6% increase is a notable change in their investment strategy, reflecting a significant vote of confidence in the company. The value of these holdings is reported at about $96.95 million.

Other Institutional Activity in Mueller Industries

Several other institutional investors adjusted their positions in Mueller Industries recently. BlackRock, Inc. trimmed its holdings by 39,077 shares, ending with 11,636,458 shares worth approximately $1.29 billion. First Trust Advisors LP added 33,248 shares, bringing its total to 5,594,217 shares valued at $619.84 million. AQR Capital Management LLC increased its stake significantly by 822,946 shares, reaching a total of 4,877,511 shares valued at $536.04 million. Meanwhile, State Street Corp increased its holdings by 142,452 shares, ending with 3,499,899 shares valued at $387.79 million.

Mueller Industries, Inc. Stock Up 123.7%

Shares of Mueller Industries (NYSE: MLI) were trading near $138.09. The company has a market capitalization of approximately $15.27 billion, with a P/E ratio of 18.07 and a forward P/E of 15.78. Its beta is 1.11, indicating moderate volatility. The stock's 52-week range is between $72.16 and $141.51, with a 50-day moving average of $130.97 and a 200-day moving average of $116.11. The company boasts a strong current ratio of 5.35 and a quick ratio of 4.15, with a debt-to-equity ratio of 0.68.

Recent Earnings

Mueller Industries reported revenue of $4.37 billion, with a revenue growth rate of 19.3%. The company achieved a net margin of 19.37% and a return on equity (ROE) of 28.3%. The next earnings report is expected on April 21, 2026.

Dividend

Mueller Industries pays an annual dividend rate of $1.40, yielding 1.01%. The dividend payout ratio is 14.42%, indicating a conservative approach to dividend distribution.

Insider Buying and Selling at Mueller Industries, Inc.

Insider Scott Jay Goldman sold 2,000 shares on May 29, 2026, at an average price of $127.91. In early May, several insiders, including Charles Jr. Herzog and William Drummond, engaged in smaller transactions, each involving 1,222 shares.

About Mueller Industries

Mueller Industries, Inc., headquartered in Collierville, Tennessee, manufactures and sells copper, brass, and aluminum products across several regions, including the United States, the United Kingdom, and Canada. The company operates through three segments: Piping Systems, Industrial Metals, and Climate. It serves a variety of markets, including plumbing, refrigeration, HVAC, and industrial applications. Founded in 1917, Mueller Industries is led by CEO Gregory L. Christopher and employs around 4,832 people.

Bottom Line

Vaughan Nelson's increased stake in Mueller Industries suggests a strong belief in the company's potential. Investors keep an eye on such filings to gauge institutional confidence. It's important to remember that 13F filings are backward-looking and may not reflect current positions.