Paloma Partners Management Co raised its position in Mueller Water Products (NYSE:MWA) by 312.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,937 shares of the industrial products company’s stock after buying an additional 65,871 shares during the period. Paloma Partners Management Co owned 0.05% of Mueller Water Products worth $1,027,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MWA. O Shaughnessy Asset Management LLC raised its stake in shares of Mueller Water Products by 0.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 80,965 shares of the industrial products company’s stock worth $957,000 after buying an additional 413 shares in the last quarter. Worth Venture Partners LLC raised its stake in shares of Mueller Water Products by 8.8% in the first quarter. Worth Venture Partners LLC now owns 14,061 shares of the industrial products company’s stock worth $166,000 after buying an additional 1,140 shares in the last quarter. Intrust Bank NA raised its stake in shares of Mueller Water Products by 6.5% in the first quarter. Intrust Bank NA now owns 21,823 shares of the industrial products company’s stock worth $258,000 after buying an additional 1,338 shares in the last quarter. Suffolk Capital Management LLC raised its stake in shares of Mueller Water Products by 1.7% in the first quarter. Suffolk Capital Management LLC now owns 120,317 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 1,985 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its stake in shares of Mueller Water Products by 16.0% in the first quarter. Greenwood Capital Associates LLC now owns 18,937 shares of the industrial products company’s stock worth $224,000 after buying an additional 2,619 shares in the last quarter. 87.31% of the stock is currently owned by institutional investors.

Shares of Mueller Water Products (NYSE MWA) traded up 0.86% on Thursday, hitting $11.70. The stock had a trading volume of 812,767 shares. Mueller Water Products has a 52 week low of $10.45 and a 52 week high of $14.20. The company has a 50-day moving average of $11.48 and a 200 day moving average of $11.92. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 32.50 and a beta of 1.38.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Mueller Water Products had a net margin of 12.45% and a return on equity of 18.45%. On average, equities research analysts predict that Mueller Water Products will post $0.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.37%. Mueller Water Products’s dividend payout ratio is currently 21.62%.

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A number of brokerages recently issued reports on MWA. BidaskClub raised Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday. Oppenheimer Holdings, Inc. set a $13.00 price target on Mueller Water Products and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research downgraded Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Finally, CIBC decreased their price target on Mueller Water Products from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $13.71.

In other news, Director Bernard G. Rethore sold 56,400 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total transaction of $633,372.00. Following the sale, the director now owns 27,303 shares in the company, valued at $306,612.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shirley C. Franklin sold 9,156 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now owns 39,157 shares in the company, valued at approximately $446,389.80. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

About Mueller Water Products

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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