5 Industrial Stocks to Buy Today According to Mario Gabelli’s GAMCO Investors

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

GAMCO Investors’ Stake Value: $184 million

Percentage of GAMCO Investors’ 13F Portfolio: 1.57%

Number of Hedge Fund Holders: 18

Mueller Industries, Inc. (NYSE:MLI) is a metal and plastics products manufacturer located in the United States. The company’s industrial segment sells products such as rods, valves, fittings, casting, forging, and fluid control systems.

As its fiscal fourth quarter came to an end, Mueller Industries, Inc. (NYSE:MLI) had managed to rake in $956 million in revenue and $2.21 in GAAP EPS. The revenue marked an impressive 41% annual growth. The company also raised its quarterly dividend to 25 cents a share in February 2022.

Mr. Gabelli’s hedge fund owned 3 million Mueller Industries, Inc. (NYSE:MLI) shares by the end of Q4 2021. This amounted to a $184 million stake and it represented 1.57% of the firm’s investment portfolio. During the same time period, 18 of the 924 hedge funds part of Insider Monkey’s survey had invested in the company.

Chuck Royce’s Royce & Associates is Mueller Industries, Inc. (NYSE:MLI)’s second largest investor through a $38 million stake courtesy of 647,002 shares.