State of Wisconsin Investment Board reduced its position in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 16.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 700,000 shares of the industrial products company’s stock after selling 142,262 shares during the period. State of Wisconsin Investment Board owned 0.44% of MUELLER WATER PRODUCTS worth $8,176,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its position in MUELLER WATER PRODUCTS by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after buying an additional 13,426,906 shares during the period. Gamco Investors INC. ET AL increased its position in MUELLER WATER PRODUCTS by 273.5% in the first quarter. Gamco Investors INC. ET AL now owns 5,103,980 shares of the industrial products company’s stock worth $60,329,000 after buying an additional 3,737,574 shares during the period. Pictet Asset Management Ltd. increased its position in MUELLER WATER PRODUCTS by 92.8% in the second quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock worth $49,601,000 after buying an additional 2,135,336 shares during the period. Vanguard Group Inc. increased its position in MUELLER WATER PRODUCTS by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after buying an additional 1,017,949 shares during the period. Finally, Bank of America Corp DE increased its position in MUELLER WATER PRODUCTS by 110.5% in the first quarter. Bank of America Corp DE now owns 1,603,860 shares of the industrial products company’s stock worth $18,958,000 after buying an additional 842,053 shares during the period. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

MUELLER WATER PRODUCTS (NYSE:MWA) opened at 11.67 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 14.50 and a beta of 1.37. The firm’s 50-day moving average is $11.65 and its 200 day moving average is $11.76. MUELLER WATER PRODUCTS has a 12 month low of $10.45 and a 12 month high of $14.20.

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

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

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A number of research analysts recently commented on MWA shares. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Tuesday, May 9th. Zacks Investment Research downgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. BidaskClub raised shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, CIBC reissued a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. MUELLER WATER PRODUCTS has an average rating of “Buy” and an average target price of $14.00.

In other news, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the sale, the director now directly owns 39,157 shares in the company, valued at $446,389.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total value of $633,372.00. Following the completion of the sale, the director now owns 27,303 shares of the company’s stock, valued at $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

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.

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

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