Rice Hall James & Associates LLC raised its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,717,991 shares of the industrial products company’s stock after buying an additional 2,875 shares during the period. Rice Hall James & Associates LLC owned approximately 1.08% of MUELLER WATER PRODUCTS worth $20,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its position 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 valued at $957,000 after buying an additional 413 shares during the last quarter. Worth Venture Partners LLC boosted its position 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 valued at $166,000 after buying an additional 1,140 shares during the last quarter. Intrust Bank NA boosted its position 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 valued at $258,000 after buying an additional 1,338 shares during the last quarter. Suffolk Capital Management LLC boosted its position 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 valued at $1,422,000 after buying an additional 1,985 shares during the last quarter. Finally, Greenwood Capital Associates LLC boosted its position 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 valued at $224,000 after buying an additional 2,619 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Shares of MUELLER WATER PRODUCTS (NYSE MWA) opened at 11.68 on Friday. MUELLER WATER PRODUCTS has a 52-week low of $10.45 and a 52-week high of $14.20. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.51 and a beta of 1.37. The firm’s 50-day moving average is $11.60 and its 200 day moving average is $11.88.

MUELLER WATER PRODUCTS (NYSE:MWA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 16.85%. The business had revenue of $232.20 million during the quarter, compared to the consensus estimate of $235.07 million. During the same quarter last year, the firm posted $0.15 EPS. MUELLER WATER PRODUCTS’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that MUELLER WATER PRODUCTS will post $0.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, August 9th. MUELLER WATER PRODUCTS’s dividend payout ratio is 20.00%.

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Several research analysts recently commented on the stock. BidaskClub upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 target price on shares of MUELLER WATER PRODUCTS and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, CIBC restated a “buy” rating on shares of MUELLER WATER PRODUCTS in a report on Wednesday, May 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. MUELLER WATER PRODUCTS has an average rating of “Buy” and a consensus target price of $14.00.

In other MUELLER WATER PRODUCTS news, Director Bernard G. Rethore sold 56,400 shares of MUELLER WATER PRODUCTS stock in a transaction 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 transaction, the director now directly owns 27,303 shares of the company’s stock, valued at approximately $306,612.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shirley C. Franklin sold 9,156 shares of MUELLER WATER PRODUCTS stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the transaction, the director now directly owns 39,157 shares in the company, valued at $446,389.80. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

MUELLER WATER PRODUCTS Company Profile

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.

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Institutional Ownership by Quarter for MUELLER WATER PRODUCTS (NYSE:MWA)

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