11,292 Shares in MUELLER WATER PRODUCTS (NYSE:MWA) Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. acquired a new stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,292 shares of the industrial products company's stock, valued at approximately $287,000.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System lifted its position in shares of MUELLER WATER PRODUCTS by 0.8% during the 4th quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock valued at $1,017,000 after buying an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in MUELLER WATER PRODUCTS by 1.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company's stock valued at $966,000 after purchasing an additional 581 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in MUELLER WATER PRODUCTS by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 658 shares during the last quarter. Summit Global Investments boosted its position in MUELLER WATER PRODUCTS by 1.3% during the first quarter. Summit Global Investments now owns 54,437 shares of the industrial products company's stock worth $1,384,000 after purchasing an additional 687 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of MUELLER WATER PRODUCTS by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock worth $556,000 after purchasing an additional 722 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Brian C. Healy acquired 1,085 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were bought at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the completion of the transaction, the director now directly owns 14,620 shares in the company, valued at approximately $370,178.40. This trade represents a 8.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Slobodow sold 7,376 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total transaction of $181,228.32. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of MUELLER WATER PRODUCTS from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, MUELLER WATER PRODUCTS has an average rating of "Hold" and a consensus target price of $26.25.

MUELLER WATER PRODUCTS Price Performance

Shares of NYSE MWA opened at $24.14 on Monday. The stock's 50-day simple moving average is $24.79 and its two-hundred day simple moving average is $24.69. MUELLER WATER PRODUCTS has a twelve month low of $17.49 and a twelve month high of $28.58. The firm has a market capitalization of $3.78 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.31 and a beta of 1.21. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. MUELLER WATER PRODUCTS had a net margin of 10.48% and a return on equity of 21.31%. The company had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. During the same period in the prior year, the business earned $0.30 earnings per share. MUELLER WATER PRODUCTS's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, May 12th. MUELLER WATER PRODUCTS's payout ratio is 29.67%.

MUELLER WATER PRODUCTS Company 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.

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