Amalgamated Bank Raises Holdings in Mueller Water Products (NYSE:MWA)

Amalgamated Bank lifted its stake in shares of Mueller Water Products (NYSE:MWA - Free Report) by 741.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,567 shares of the industrial products company's stock after purchasing an additional 39,269 shares during the period. Amalgamated Bank's holdings in Mueller Water Products were worth $1,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MWA. Optiver Holding B.V. acquired a new position in Mueller Water Products in the fourth quarter valued at approximately $29,000. Byrne Asset Management LLC lifted its stake 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 worth $40,000 after purchasing an additional 658 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after purchasing an additional 1,113 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Mueller Water Products during the fourth quarter worth $63,000. Finally, Gen Wealth Partners Inc acquired a new position in Mueller Water Products during the fourth quarter worth $65,000. 91.68% of the stock is currently 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 research note on Sunday, June 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $26.25.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy acquired 1,110 shares of the company's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, for a total transaction of $27,461.40. Following the acquisition, 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. Corporate insiders own 1.10% of the company's stock.

Mueller Water Products Stock Up 1.2%

Shares of NYSE MWA traded up $0.29 during mid-day trading on Wednesday, hitting $24.96. The company had a trading volume of 724,109 shares, compared to its average volume of 1,584,888. The company has a market capitalization of $3.91 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49. Mueller Water Products has a 1-year low of $18.05 and a 1-year high of $28.58. The business's 50-day simple moving average is $24.63 and its 200 day simple moving average is $24.73.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. On average, analysts predict that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

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