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Mueller Industries (MLI) Tops Mario Gabelli’s Portfolio on Infrastructure and Construction Demand
Yahoo Finance· 2026-03-12 06:34
Core Insights - Mueller Industries Inc. (NYSE: MLI) is highlighted as a strong investment opportunity by billionaire Mario Gabelli, being the largest holding in GAMCO Investors' portfolio, accounting for approximately 2.06% of total holdings [1] - The stock has shown significant performance with over 400% returns in the last 5 years, including a 45% return in 2025 [2] - Despite recent strong performance, the stock has been relatively flat in 2026, indicating potential market challenges [2] Company Performance - GAMCO Investors reduced its position in Mueller Industries by around 15% in Q4 2025, bringing shares down to 1.87 million from 2.19 million in Q3 2025 [1] - The company has a history of growth, starting with 584,000 shares in 2009 at an average price of $6.16, peaking at 8.5 million shares by 2018/19 [1] - As of March 10, 2026, GAMCO holds approximately 1.68% of Mueller Industries' outstanding shares, making it the tenth-largest institutional holder [1] Dividend and Insider Transactions - Mueller Industries increased its quarterly dividend by 40% in mid-February, now expecting to pay $0.35 per share on March 27, 2026 [2] - Notable insider transactions include CEO Gregory Christopher selling 350,000 shares in late October 2025, generating proceeds of about $36.5 million, while still retaining a significant position with over 1 million shares [2] Industry Positioning - Mueller Industries is recognized as the only vertically integrated North American manufacturer of copper tube and fittings, brass rod, and forgings, positioning it well within critical infrastructure sectors [2] - The company serves a broad range of industries, including HVACR, industrial manufacturing, and medical, indicating its essential role in various sectors [2]
Mueller Streamline Expands in Wynne, Arkansas
GlobeNewswire News Room· 2025-07-15 20:32
Core Insights - Mueller Streamline Co. is investing over $7 million to expand its manufacturing facility in Wynne, Arkansas, which is expected to create 60 new jobs over the next two years [1][4]. Company Expansion - The investment will enhance distribution and packaging operations, initially adding 40 jobs, increasing total employment at the Wynne campus to approximately 170 [3]. - The company has a history of supporting local economies since acquiring Halstead Industries in 1998, including building a new distribution center and acquiring operations in Springdale and Fayetteville [2]. Economic Impact - The expansion aligns with the Arkansas government's commitment to community support and economic recovery following a tornado in 2023 [4]. - Local officials, including the Mayor of Wynne and the executive director of the Arkansas Economic Development Commission, emphasize the importance of this investment for economic growth and job creation in eastern Arkansas [5][6]. Job Opportunities - Mueller will be hiring for various positions in Wynne, with applications currently open [6].