GAMMA Investing LLC Acquires 49,577 Shares of MUELLER WATER PRODUCTS (NYSE:MWA)

GAMMA Investing LLC grew its position in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 2,924.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,272 shares of the industrial products company's stock after buying an additional 49,577 shares during the period. GAMMA Investing LLC's holdings in MUELLER WATER PRODUCTS were worth $1,303,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MUELLER WATER PRODUCTS by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock worth $15,696,000 after purchasing an additional 50,119 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in MUELLER WATER PRODUCTS by 57.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock worth $718,000 after buying an additional 11,711 shares during the period. Alberta Investment Management Corp raised its holdings in MUELLER WATER PRODUCTS by 12.4% during the 4th quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company's stock worth $4,494,000 after buying an additional 22,045 shares during the period. Union Bancaire Privee UBP SA bought a new position in MUELLER WATER PRODUCTS in the fourth quarter valued at approximately $1,573,000. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of MUELLER WATER PRODUCTS by 74.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 150,223 shares of the industrial products company's stock valued at $3,395,000 after buying an additional 64,163 shares during the period. Institutional investors own 91.68% of the company's stock.

Insider Buying and Selling

In other news, Director Brian C. Healy purchased 1,085 shares of the company's stock in a transaction on Friday, May 16th. The shares were purchased at an average cost of $25.32 per share, with a total value of $27,472.20. Following the completion of the transaction, the director now owns 14,620 shares of the company's stock, valued at $370,178.40. The trade was a 8.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Slobodow sold 7,376 shares of the business'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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of MUELLER WATER PRODUCTS from a "buy" rating to a "hold" rating in a research note on Sunday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $26.25.

MUELLER WATER PRODUCTS Stock Down 0.2%

Shares of MWA traded down $0.04 during mid-day trading on Thursday, hitting $23.38. 1,482,912 shares of the company's stock were exchanged, compared to its average volume of 1,587,677. 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 52 week low of $17.09 and a 52 week high of $28.58. The company has a market cap of $3.66 billion, a PE ratio of 25.69, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a 50-day simple moving average of $24.93 and a 200 day simple moving average of $24.76.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts forecast that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were issued a dividend of $0.067 per share. The ex-dividend date was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.15%. MUELLER WATER PRODUCTS's payout ratio is presently 29.67%.

MUELLER WATER PRODUCTS 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.