Mueller Water Products $MWA Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in Mueller Water Products (NYSE:MWA) by 21.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 78,771 shares of the industrial products company’s stock after selling 21,573 shares during the period. Intech Investment Management LLC’s holdings in Mueller Water Products were worth $1,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MWA. PNC Financial Services Group Inc. increased its stake in shares of Mueller Water Products by 430.1% during the first quarter. PNC Financial Services Group Inc. now owns 21,320 shares of the industrial products company’s stock worth $542,000 after acquiring an additional 17,298 shares during the period. Vanguard Group Inc. lifted its position in Mueller Water Products by 16.8% in the first quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock valued at $503,201,000 after purchasing an additional 2,840,895 shares during the period. Federated Hermes Inc. boosted its holdings in Mueller Water Products by 6.3% in the 1st quarter. Federated Hermes Inc. now owns 915,493 shares of the industrial products company’s stock valued at $23,272,000 after purchasing an additional 54,355 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Mueller Water Products during the 1st quarter worth approximately $1,169,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of Mueller Water Products during the 1st quarter worth approximately $360,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insider Buying and Selling at Mueller Water Products

In other news, CAO Suzanne G. Smith sold 1,288 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the completion of the transaction, the chief accounting officer owned 763 shares in the company, valued at $20,532.33. This trade represents a 62.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian C. Healy purchased 1,070 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of $25.78 per share, with a total value of $27,584.60. Following the purchase, the director directly owned 16,800 shares in the company, valued at approximately $433,104. The trade was a 6.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Mueller Water Products Trading Up 1.9%

Shares of MWA opened at $23.74 on Friday. Mueller Water Products has a twelve month low of $21.35 and a twelve month high of $28.58. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.71 billion, a P/E ratio of 25.25, a PEG ratio of 1.21 and a beta of 1.18. The firm’s 50-day moving average is $25.04 and its two-hundred day moving average is $25.06.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts predict that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were given a dividend of $0.07 per share. The ex-dividend date was Monday, November 10th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Mueller Water Products’s dividend payout ratio (DPR) is presently 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.