Strs Ohio Acquires 3,400 Shares of Mueller Water Products $MWA

Strs Ohio increased its holdings in shares of Mueller Water Products (NYSE:MWA) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,900 shares of the industrial products company’s stock after buying an additional 3,400 shares during the period. Strs Ohio’s holdings in Mueller Water Products were worth $1,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MWA. Cambridge Investment Research Advisors Inc. bought a new stake in Mueller Water Products in the first quarter valued at approximately $217,000. Amalgamated Bank increased its stake in Mueller Water Products by 741.2% in the first quarter. Amalgamated Bank now owns 44,567 shares of the industrial products company’s stock valued at $1,133,000 after purchasing an additional 39,269 shares in the last quarter. New York State Teachers Retirement System increased its stake in Mueller Water Products by 291.7% in the first quarter. New York State Teachers Retirement System now owns 55,565 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 41,381 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Mueller Water Products by 56.8% in the first quarter. Bank of New York Mellon Corp now owns 1,170,761 shares of the industrial products company’s stock valued at $29,761,000 after purchasing an additional 424,312 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Mueller Water Products by 354.3% in the first quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company’s stock valued at $8,107,000 after purchasing an additional 248,733 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Stock Performance

Shares of MWA stock opened at $26.05 on Thursday. The stock has a market cap of $4.07 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The company has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $25.27. Mueller Water Products has a one year low of $21.35 and a one year high of $28.58.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 EPS for the quarter. The firm had revenue of $237.40 million during the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. As a group, equities analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, November 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s dividend payout ratio is 29.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Mueller Water Products has an average rating of “Moderate Buy” and an average target price of $28.33.

Insider Transactions at Mueller Water Products

In other news, Director Thomas J. Hansen sold 24,005 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $26.15, for a total transaction of $627,730.75. Following the completion of the sale, the director owned 86,163 shares in the company, valued at approximately $2,253,162.45. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Suzanne G. Smith sold 1,288 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $26.91, for a total transaction of $34,660.08. Following the sale, the chief accounting officer owned 763 shares of the company’s stock, valued at approximately $20,532.33. This represents a 62.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 34,664 shares of company stock worth $909,819. 1.10% of the stock is owned by insiders.

Mueller Water Products Company 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.