Swiss National Bank Sells 3,200 Shares of Mueller Water Products (NYSE:MWA)

Swiss National Bank lessened its holdings in shares of Mueller Water Products (NYSE:MWA) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,300 shares of the industrial products company’s stock after selling 3,200 shares during the period. Swiss National Bank owned approximately 0.19% of Mueller Water Products worth $7,710,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MWA. Vanguard Group Inc. lifted its holdings in shares of Mueller Water Products by 16.8% during the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock valued at $503,201,000 after purchasing an additional 2,840,895 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Mueller Water Products in the 1st quarter valued at approximately $53,854,000. Allianz Asset Management GmbH lifted its stake in Mueller Water Products by 95.4% in the 1st quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company’s stock valued at $81,671,000 after acquiring an additional 1,568,247 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Mueller Water Products by 49.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,688,962 shares of the industrial products company’s stock valued at $60,502,000 after acquiring an additional 888,591 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Mueller Water Products by 21.1% in the 1st quarter. Principal Financial Group Inc. now owns 3,651,340 shares of the industrial products company’s stock valued at $92,817,000 after acquiring an additional 636,331 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Insider Activity

In related news, Director Brian C. Healy acquired 1,110 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were bought at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the purchase, the director directly owned 15,730 shares in the company, valued at approximately $389,160.20. This trade represents a 7.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th.

Mueller Water Products Trading Down 1.2%

NYSE MWA opened at $26.25 on Friday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.39 and a beta of 1.18. The stock’s 50 day moving average price is $24.71 and its two-hundred day moving average price is $25.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. Mueller Water Products has a 52 week low of $19.23 and a 52 week high of $28.58.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%. The company had revenue of $380.30 million for the quarter, compared to the consensus estimate of $366.82 million. During the same quarter in the prior year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.067 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.0%. Mueller Water Products’s dividend payout ratio is currently 28.72%.

Mueller Water Products Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.