Allspring Global Investments Holdings LLC Has $6.61 Million Stock Holdings in Mueller Water Products (NYSE:MWA)

Allspring Global Investments Holdings LLC decreased its stake in shares of Mueller Water Products (NYSE:MWA - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 260,160 shares of the industrial products company's stock after selling 15,810 shares during the period. Allspring Global Investments Holdings LLC owned 0.17% of Mueller Water Products worth $6,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Mueller Water Products by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,952,282 shares of the industrial products company's stock valued at $43,926,000 after purchasing an additional 7,567 shares during the period. Victory Capital Management Inc. lifted its position in Mueller Water Products by 34.2% during the 4th quarter. Victory Capital Management Inc. now owns 649,831 shares of the industrial products company's stock valued at $14,621,000 after purchasing an additional 165,581 shares during the period. Assetmark Inc. acquired a new position in Mueller Water Products during the 4th quarter valued at about $192,000. Aigen Investment Management LP lifted its position in Mueller Water Products by 45.6% during the 4th quarter. Aigen Investment Management LP now owns 30,220 shares of the industrial products company's stock valued at $680,000 after purchasing an additional 9,459 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Mueller Water Products by 0.8% in 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 acquiring an additional 379 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Insider Buying and Selling at Mueller Water Products

In other news, Director Brian C. Healy acquired 1,085 shares of the stock in a transaction on Friday, May 16th. The shares were purchased at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the transaction, the director directly owned 14,620 shares of the company's stock, valued at approximately $370,178.40. This 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 link. Also, Director Brian Slobodow sold 7,376 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Mueller Water Products Stock Up 0.6%

Shares of NYSE MWA traded up $0.14 during trading hours on Friday, hitting $24.79. The company had a trading volume of 412,795 shares, compared to its average volume of 1,591,732. The stock has a market capitalization of $3.88 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. 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 has a 1-year low of $18.05 and a 1-year high of $28.58. The firm's 50 day moving average is $24.69 and its 200-day moving average is $24.70.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. The company had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were issued a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's dividend payout ratio is 29.67%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.25.

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.