5 Favorite Stocks of Mario Gabelli

4. Mueller Industries, Inc. (NYSE:MLI)

GAMCO Investors’ Stake Value: $184,030,000

Percentage of GAMCO Investors’ 13F Portfolio: 1.57%

Number of Hedge Fund Holders: 18

Headquartered in Collierville, Tennessee, Mueller Industries, Inc. (NYSE:MLI) sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. As of Q4 2021, Mario Gabelli’s fund reported owning a $184 million stake in Mueller Industries, Inc. (NYSE:MLI). 

On February 18, Mueller Industries, Inc. (NYSE:MLI) declared a $0.25 per share quarterly dividend, a 92.3% increase from its prior dividend of $0.13. The dividend was paid on April 1, to shareholders of record on March 18. 

Mueller Industries, Inc. (NYSE:MLI) reported on April 19 Q1 GAAP earnings per share of $2.78. Revenue for the period grew 23.5% year-over-year to $1.01 billion. This is comparable to an EPS of $1.11 and a revenue of $818.1 million in Q1 2021. 

Chuck Royce’s Royce & Associates is a significant shareholder of Mueller Industries, Inc. (NYSE:MLI) as of Q4 2021, with 647,002 shares worth $38.4 million. Overall, 18 hedge funds were bullish on the stock at the end of December 2021, up from 22 funds in the previous quarter.