SCHEDULE 13G/A: BlackRock Increases Stake in Mueller Industries to 8.8%
Beneficial Ownership Statement
BlackRock, Inc. has reported an increased beneficial ownership of 8.8% in Mueller Industries Inc., holding 9,785,641 shares of common stock as of June 30, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 5 to Schedule 13G, reporting its beneficial ownership in Mueller Industries Inc.
- As of June 30, 2025, BlackRock, Inc. beneficially owns 9,785,641 shares of Mueller Industries Inc. common stock.
- This ownership represents 8.8% of the total class of common stock outstanding.
- BlackRock, Inc. holds sole voting power over 9,452,937 shares.
- BlackRock, Inc. holds sole dispositive power over 9,785,641 shares.
- No shared voting or shared dispositive power is reported.
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing is a routine compliance update on beneficial ownership, with the increase in BlackRock's stake potentially signaling institutional confidence in Mueller Industries Inc.
Positives
- The significant stake held by a major institutional investor like BlackRock, Inc. (8.8%) can be viewed as a positive signal of confidence in Mueller Industries Inc.
Future Outlook
NA
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
The filing reflects a routine compliance update by a major asset manager, BlackRock, Inc., regarding its passive investment stake in Mueller Industries Inc. Such filings are common for large institutional investors that cross beneficial ownership thresholds, providing transparency on significant holdings within the market.
Stakeholder Impact
- Shareholders: Provides transparency on significant institutional ownership, potentially influencing investor sentiment and perception of stability.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of the previous Power of Attorney that was expressly revoked by the new one. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-06-30 | Date of the event which required the filing of this Schedule 13G Amendment No. 5, reflecting BlackRock's beneficial ownership. |
| 2025-07-17 | Date of filing and signature for the Schedule 13G Amendment No. 5. |
Keywords
Mueller Industries, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor
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