GAMMA Investing LLC Purchases 49,577 Shares of Mueller Water Products, Inc. (NYSE:MWA)

GAMMA Investing LLC increased its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 2,924.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,272 shares of the industrial products company's stock after purchasing an additional 49,577 shares during the quarter. GAMMA Investing LLC's holdings in Mueller Water Products were worth $1,303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. bought a new position in Mueller Water Products in the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its position in Mueller Water Products by 171.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 1,113 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Mueller Water Products during the 4th quarter valued at $63,000. Gen Wealth Partners Inc bought a new stake in Mueller Water Products during the 4th quarter valued at $65,000. Finally, Blue Trust Inc. boosted its position in Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock valued at $126,000 after acquiring an additional 726 shares in the last quarter. Institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Sunday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.25.

Mueller Water Products Stock Down 3.1%

Shares of NYSE MWA opened at $23.12 on Monday. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.62 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The stock's fifty day simple moving average is $24.98 and its two-hundred day simple moving average is $24.79. Mueller Water Products, Inc. has a 12-month low of $17.09 and a 12-month high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The firm had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts expect that Mueller Water Products, Inc. will post 1.24 EPS 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. Stockholders 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 dividend yield of 1.16%. Mueller Water Products's dividend payout ratio is presently 28.57%.

Insider Activity

In related news, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Healy bought 1,085 shares of Mueller Water Products stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average price of $25.32 per share, with a total value of $27,472.20. Following the purchase, the director now directly owns 14,620 shares in the company, valued at $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

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.

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