Asset Management One Co. Ltd. Buys 22,279 Shares of Mueller Water Products (NYSE:MWA)

Asset Management One Co. Ltd. grew its position in shares of Mueller Water Products (NYSE:MWA - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 172,502 shares of the industrial products company's stock after purchasing an additional 22,279 shares during the quarter. Asset Management One Co. Ltd. owned about 0.11% of Mueller Water Products worth $4,385,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted 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 purchasing an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Mueller Water Products by 1.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company's stock worth $966,000 after acquiring an additional 581 shares in the last quarter. Byrne Asset Management LLC boosted its position in shares of Mueller Water Products by 73.1% during 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 in the last quarter. Summit Global Investments grew its stake in Mueller Water Products by 1.3% during the first quarter. Summit Global Investments now owns 54,437 shares of the industrial products company's stock worth $1,384,000 after purchasing an additional 687 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in Mueller Water Products by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock worth $556,000 after purchasing an additional 722 shares in the last quarter. Institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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 assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.25.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $24.14 on Monday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.31 and a beta of 1.21. The firm's 50-day moving average price is $24.79 and its 200-day moving average price is $24.69. 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 has a 1-year low of $17.49 and a 1-year high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $364.30 million for the quarter, compared to the consensus estimate of $352.30 million. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. Equities research analysts anticipate 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 paid a dividend of $0.067 per share. The ex-dividend date was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.11%. Mueller Water Products's dividend payout ratio (DPR) is presently 29.67%.

Insiders Place Their Bets

In other Mueller Water Products news, Director Brian Slobodow sold 7,376 shares of Mueller Water Products 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Healy acquired 1,085 shares of the firm's stock in a transaction on Friday, May 16th. The shares were bought at an average cost of $25.32 per share, with a total value of $27,472.20. Following the completion of the acquisition, the director now directly owns 14,620 shares in the company, valued at approximately $370,178.40. This represents a 8.02% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

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.

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