Arjuna Capital Invests $1.20 Million in Mueller Water Products (NYSE:MWA)

Arjuna Capital purchased a new stake in Mueller Water Products (NYSE:MWA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,262 shares of the industrial products company's stock, valued at approximately $1,201,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Byrne Asset Management LLC boosted its holdings in Mueller Water Products by 73.1% in the 1st 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 period. Xponance Inc. lifted its holdings in shares of Mueller Water Products by 6.0% during the 1st quarter. Xponance Inc. now owns 11,726 shares of the industrial products company's stock worth $298,000 after acquiring an additional 660 shares during the period. Summit Global Investments lifted its holdings in shares of Mueller Water Products by 1.3% during the 1st quarter. Summit Global Investments now owns 54,437 shares of the industrial products company's stock worth $1,384,000 after acquiring an additional 687 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Mueller Water Products by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock worth $556,000 after acquiring an additional 722 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of Mueller Water Products by 5.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock worth $366,000 after acquiring an additional 768 shares during the period. 91.68% of the stock is owned by institutional investors.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian Slobodow sold 7,376 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian C. Healy bought 1,110 shares of the company's stock in a transaction on Monday, July 7th. The stock was bought at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the purchase, the director owned 15,730 shares of the company's stock, valued at approximately $389,160.20. The trade was a 7.59% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Mueller Water Products Price Performance

Shares of NYSE:MWA traded down $0.20 during midday trading on Monday, reaching $24.96. 116,402 shares of the company's stock were exchanged, compared to its average volume of 1,881,817. The company's 50 day simple moving average is $24.54 and its two-hundred day simple moving average is $24.79. The firm has a market capitalization of $3.91 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. Mueller Water Products has a 12 month low of $18.55 and a 12 month high of $28.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.79.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same period last year, the firm posted $0.30 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.25.

About Mueller Water Products

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.