Amalgamated Bank Acquires 39,269 Shares of MUELLER WATER PRODUCTS (NYSE:MWA)

Amalgamated Bank grew its stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 741.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,567 shares of the industrial products company's stock after acquiring an additional 39,269 shares during the period. Amalgamated Bank's holdings in MUELLER WATER PRODUCTS were worth $1,133,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MWA. Perpetual Ltd raised its position in shares of MUELLER WATER PRODUCTS by 24.5% in the 1st quarter. Perpetual Ltd now owns 384,369 shares of the industrial products company's stock valued at $9,771,000 after purchasing an additional 75,738 shares during the last quarter. Spire Wealth Management grew its stake in shares of MUELLER WATER PRODUCTS by 5,488.0% during the 1st quarter. Spire Wealth Management now owns 27,940 shares of the industrial products company's stock worth $710,000 after purchasing an additional 27,440 shares during the period. Balboa Wealth Partners increased its holdings in shares of MUELLER WATER PRODUCTS by 14.0% during the 1st quarter. Balboa Wealth Partners now owns 14,795 shares of the industrial products company's stock valued at $376,000 after purchasing an additional 1,820 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of MUELLER WATER PRODUCTS by 14.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 172,502 shares of the industrial products company's stock valued at $4,385,000 after purchasing an additional 22,279 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in MUELLER WATER PRODUCTS during the first quarter worth $217,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Insider Buying and Selling

In other MUELLER WATER PRODUCTS news, Director Brian Slobodow sold 7,376 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brian C. Healy bought 1,110 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average cost of $24.74 per share, with a total value of $27,461.40. Following the purchase, the director directly owned 15,730 shares of the company's stock, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of MUELLER WATER PRODUCTS from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th. Four equities research 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 currently has an average rating of "Hold" and an average target price of $26.25.

MUELLER WATER PRODUCTS Stock Up 1.4%

Shares of MWA traded up $0.35 during mid-day trading on Thursday, reaching $25.30. The company's stock had a trading volume of 866,326 shares, compared to its average volume of 1,587,795. The business has a fifty day moving average of $24.58 and a 200 day moving average of $24.75. 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 $18.55 and a 1 year high of $28.58. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.

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 (EPS) 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 the consensus estimate of $352.30 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business's revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were given a $0.067 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.06%. MUELLER WATER PRODUCTS's dividend payout ratio is presently 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.