Who Owns Mueller Industries Company?

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Who Owns Mueller Industries?

Mueller Industries, Inc. has a rich history dating back to 1893, evolving from a small plumbing products business to a global manufacturing leader. Reincorporated in 1917 as Mueller Metals Company, it has grown into a multi-billion dollar enterprise.

Who Owns Mueller Industries Company?

As a publicly traded entity on the NYSE under the ticker MLI, Mueller Industries' ownership is distributed among various shareholders. The company's market capitalization stood at $9.8 billion as of July 24, 2025, with 111 million shares outstanding.

Understanding who owns Mueller Industries is key to grasping its strategic direction. The company's journey, from its early days to its current status as a major player in metal and plastic products, reflects significant shifts in its stakeholder base.

The ownership of Mueller Industries is primarily held by institutional investors, with significant portions also owned by individual investors and company insiders. As of July 24, 2025, institutional ownership accounted for approximately 85% of the company's shares. Major institutional holders include investment management firms and mutual funds, which collectively manage a substantial portion of the outstanding stock. Individual investors and company insiders hold the remaining percentage, influencing corporate decisions through their shareholdings and voting rights. The company's product portfolio includes items like those analyzed in the Mueller Industries BCG Matrix.

Who Founded Mueller Industries?

Mueller Industries' story begins in 1852 with Hieronymous Mueller, an inventor who arrived in the United States with a passion for copper plumbing. His innovative spirit led to a patent for an improved water tapping machine in 1872 and pioneering brass casting techniques in 1877. This foundation set the stage for the company's future growth and its eventual place in the market.

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Founding Innovator

Hieronymous Mueller's arrival in the U.S. in 1852 marked the genesis of what would become a significant industrial entity. His early inventions in plumbing technology laid the groundwork for the company's future endeavors.

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Early Incorporation

In 1893, Hieronymous Mueller officially incorporated his copper and brass plumbing products business in Michigan. The H. Mueller Manufacturing Company was established with an initial capital of $68,000.

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Expansion and Renaming

The company's growth led to its first Canadian plant in 1913. By 1917, it was reincorporated as Mueller Metals Company and later became Mueller Brass Company in 1925.

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Wartime Production

During World War I, the company established the first commercial forging facility in the United States in Port Huron, Michigan, specifically for munitions production.

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Product Diversification

By 1927, the company had solidified its position in the plumbing sector, offering a comprehensive range of fittings and valves. This early product line demonstrated a commitment to serving the building and infrastructure needs of the time.

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Founders' Vision

While specific initial ownership details for Maurice and Bill Mueller are not documented, their leadership and vision were instrumental in shaping the company's trajectory. Their efforts established the foundation for its expansion into a global provider of various metal and plastic products.

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Early Ownership and Development

The early years of the company were characterized by innovation and strategic expansion, driven by the Mueller family's commitment to the plumbing industry. This period laid the essential groundwork for the company's future as a significant player in manufacturing. Understanding this history is key to grasping the Mission, Vision & Core Values of Mueller Industries.

  • Hieronymous Mueller, an inventor, migrated to the U.S. in 1852.
  • He patented an improved water tapping machine in 1872.
  • The H. Mueller Manufacturing Company was incorporated in 1893 with $68,000 capital.
  • The company expanded to Canada in 1913.
  • It was reincorporated as Mueller Metals Company in 1917.
  • The name changed to Mueller Brass Company in 1925.
  • By 1927, a full line of fittings and valves was produced.

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How Has Mueller Industries’s Ownership Changed Over Time?

Mueller Industries, Inc. is a publicly traded entity, meaning its ownership is distributed among various investors. The company's stock performance has seen a notable increase, with its share price rising from $68.96 on July 29, 2024, to $88.72 as of July 25, 2025.

Ownership Category Percentage of Ownership (as of July 25, 2025)
Institutional Investors 56.07%
Insiders 2.44%
Public Companies and Individual Investors 41.49%

The Mueller Industries ownership structure is significantly influenced by institutional investors, who collectively hold a majority of the company's shares. As of July 25, 2025, there were 1055 institutional owners and shareholders managing a total of 128,231,485 shares. This substantial institutional backing is a key factor in the company's financial landscape and strategic direction. The company's market capitalization stood at $9.8 billion with 111 million shares outstanding as of July 24, 2025.

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Major Institutional Holders of Mueller Industries Stock

Several prominent financial institutions are among the largest shareholders of Mueller Industries. Their investment decisions can significantly impact the company's stock performance and corporate governance.

  • BlackRock, Inc.
  • Vanguard Group Inc.
  • First Trust Advisors Lp
  • State Street Corp
  • Dimensional Fund Advisors Lp
  • GAMCO Investors, Inc.
  • Charles Schwab Investment Management, Inc.
  • Victory Capital Management Inc.

Understanding who owns Mueller Industries involves recognizing the diverse group of stakeholders, from large institutional funds to individual investors. The evolution of Mueller Industries' ownership reflects broader trends in the stock market, where institutional investors often play a dominant role. For a deeper dive into the company's journey, you can explore its Brief History of Mueller Industries.

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Who Sits on Mueller Industries’s Board?

The Board of Directors at Mueller Industries is tasked with guiding the company's strategic direction and ensuring accountability to its shareholders. Gregory L. Christopher holds the positions of Chairman of the Board and CEO, with extensive experience in these roles. The board also includes a Lead Independent Director and several independent directors, all contributing diverse expertise to the company's governance.

Director Name Role Tenure (as of July 30, 2025)
Gregory L. Christopher Chairman of the Board and CEO Chairman since January 2016, CEO since October 2008
Terry Hermanson Lead Independent Director
William Drummond Independent Director
Gary S. Gladstein Independent Director
Scott Goldman Independent Director
John B. Hansen Independent Director Retired Executive Vice President (until 2014)
Charles P. Herzog, Jr. Independent Director
Elizabeth Donovan Independent Director

The voting power for Mueller Industries' common stock operates on a one-share-one-vote principle. Directors are elected based on a plurality of votes cast, meaning those receiving the most 'For' votes are elected. Abstentions or broker non-votes do not count in favor of a director. The company's governing documents do not permit cumulative voting for director elections. As of March 13, 2025, all registered stockholders were eligible to vote at the Annual Meeting. The board demonstrates significant experience, with an average tenure of 13.5 years as of July 30, 2025, reflecting a deep understanding of the company's operations and Target Market of Mueller Industries.

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Director Election and Voting Rights

Understanding how directors are elected and the voting power associated with Mueller Industries stock is key for shareholders. The current structure emphasizes a direct shareholder vote for board representation.

  • Each share of common stock carries one vote.
  • Directors are elected by a plurality of votes cast.
  • Abstentions and broker non-votes do not count towards a director's favor.
  • Cumulative voting for directors is not permitted.
  • Stockholders of record on March 13, 2025, were eligible to vote.

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What Recent Changes Have Shaped Mueller Industries’s Ownership Landscape?

In the past three to five years, Mueller Industries has strategically evolved its market presence and ownership dynamics through significant acquisitions and robust shareholder return programs. These actions reflect a proactive approach to growth and value creation for its stakeholders.

Year Acquisition Approximate Value Strategic Impact
2024 Nehring Electrical Works Company $575 million Entry into cable products and energy infrastructure market
2024 Elkhart Products Corp. Not specified Expansion in copper fittings manufacturing

Mueller Industries has demonstrated a strong commitment to enhancing shareholder value through consistent share repurchases and dividend increases. The company's financial health, evidenced by substantial operating cash flow and a strong net cash position with minimal debt, supports these initiatives and provides flexibility for future strategic moves. This focus on profitability and shareholder returns shapes the current Mueller Industries ownership landscape.

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In the first six months of 2025, the company repurchased $243.6 million of its shares. This activity is a key indicator of management's confidence in the company's valuation and increases the stake of existing Mueller Industries shareholders.

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The quarterly dividend was raised by 25% to $0.25 per share in 2025. This translates to an approximate annual yield of 2.2% as of July 30, 2025, reflecting consistent capital return to Mueller Industries investors.

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With $645.9 million in operating cash flow in 2024 and approximately $1 billion in net cash as of Q2 2025, the company is well-positioned. This financial flexibility supports ongoing shareholder returns and strategic investments.

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Mueller Industries is targeting high-margin sectors like medical, aerospace, and energy transmission. This strategy aims to ensure resilience against economic cycles and drive sustained profitability, impacting its long-term Mueller Industries ownership trends.

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