Mueller Water Products (NYSE:MWA) Shares Acquired by Amalgamated Bank

Amalgamated Bank raised its stake in Mueller Water Products (NYSE:MWA - Free Report) by 741.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,567 shares of the industrial products company's stock after acquiring an additional 39,269 shares during the quarter. Amalgamated Bank's holdings in Mueller Water Products were worth $1,133,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of Mueller Water Products by 79.7% during the 4th quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock worth $90,318,000 after buying an additional 1,780,366 shares during the period. Norges Bank purchased a new stake in Mueller Water Products in the 4th quarter valued at $20,996,000. Ameriprise Financial Inc. grew its holdings in Mueller Water Products by 49.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,688,962 shares of the industrial products company's stock valued at $60,502,000 after buying an additional 888,591 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Mueller Water Products by 514.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 970,055 shares of the industrial products company's stock worth $21,826,000 after purchasing an additional 812,127 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Mueller Water Products by 55.1% during the 4th quarter. American Century Companies Inc. now owns 2,056,632 shares of the industrial products company's stock worth $46,274,000 after purchasing an additional 730,442 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.25.

Insider Buying and Selling

In related news, Director Brian C. Healy acquired 1,110 shares of the business's stock in a transaction on Monday, July 7th. The shares were bought at an average price of $24.74 per share, with a total value of $27,461.40. Following the completion of the acquisition, the director owned 15,730 shares in the company, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Slobodow sold 7,376 shares of Mueller Water Products 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. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Stock Up 1.7%

NYSE:MWA traded up $0.43 during mid-day trading on Thursday, hitting $25.38. The stock had a trading volume of 102,932 shares, compared to its average volume of 1,581,895. The stock has a 50-day simple moving average of $24.60 and a two-hundred day simple moving average of $24.73. The company has a market capitalization of $3.98 billion, a PE ratio of 27.87, a PEG ratio of 1.34 and a beta of 1.18. Mueller Water Products has a twelve month low of $18.10 and a twelve month high of $28.58. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. Mueller Water Products had a net margin of 10.48% and a return on equity of 21.31%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. On average, equities research analysts anticipate that Mueller Water Products will post 1.24 EPS for the current 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 issued a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.06%. Mueller Water Products's payout ratio is currently 29.67%.

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.