Los Angeles Capital Management LLC Sells 5,022 Shares of Mueller Water Products $MWA

Los Angeles Capital Management LLC lowered its stake in Mueller Water Products (NYSE:MWA) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 196,921 shares of the industrial products company’s stock after selling 5,022 shares during the period. Los Angeles Capital Management LLC owned approximately 0.13% of Mueller Water Products worth $4,734,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. increased its holdings in Mueller Water Products by 112.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after buying an additional 685 shares during the period. Nisa Investment Advisors LLC increased its stake in Mueller Water Products by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,104 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Mueller Water Products by 177.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,686 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Mueller Water Products by 355.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Mueller Water Products in the 1st quarter valued at $73,000. Institutional investors own 91.68% of the company’s stock.

Insider Transactions at Mueller Water Products

In related news, Director Thomas J. Hansen sold 24,005 shares of Mueller Water Products stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $26.15, for a total value of $627,730.75. Following the transaction, the director directly owned 86,163 shares of the company’s stock, valued at $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Suzanne G. Smith sold 8,621 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $26.37, for a total transaction of $227,335.77. Following the sale, the chief accounting officer directly owned 761 shares of the company’s stock, valued at $20,067.57. This represents a 91.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,664 shares of company stock worth $909,819 over the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Mueller Water Products currently has an average rating of “Hold” and an average price target of $29.00.

Mueller Water Products Trading Down 3.9%

Shares of NYSE MWA opened at $24.05 on Monday. The firm has a 50 day moving average price of $25.55 and a two-hundred day moving average price of $25.26. The stock has a market cap of $3.76 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18. Mueller Water Products has a 52-week low of $21.35 and a 52-week high of $28.58. 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 (NYSE:MWA) last issued its quarterly earnings data on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The company had revenue of $237.40 million for 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 forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Mueller Water Products’s payout ratio is currently 23.14%.

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.