Harbor Capital Advisors Inc. purchased a new position in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 155,883 shares of the industrial products company's stock, valued at approximately $3,963,000. Harbor Capital Advisors Inc. owned about 0.10% of Mueller Water Products as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Optiver Holding B.V. bought a new position in Mueller Water Products in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC grew its holdings in Mueller Water Products by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after buying an additional 1,113 shares in the last quarter. Millstone Evans Group LLC bought a new position in Mueller Water Products in the 4th quarter worth approximately $63,000. Gen Wealth Partners Inc acquired a new stake in Mueller Water Products in the 4th quarter valued at approximately $65,000. Finally, Blue Trust Inc. raised its stake 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 and hedge funds own 91.68% of the company's stock.
Mueller Water Products Price Performance
Shares of NYSE MWA traded down $0.73 during mid-day trading on Friday, reaching $23.12. 1,536,720 shares of the company traded hands, compared to its average volume of 1,581,172. The firm has a market cap 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 company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. Mueller Water Products, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $28.58. The stock has a fifty day simple moving average of $24.98 and a 200-day simple moving average of $24.79.
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 EPS for the quarter, topping analysts' consensus estimates 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 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 business earned $0.30 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.
Mueller Water Products Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were paid 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 1.16%. Mueller Water Products's dividend payout ratio is currently 28.57%.
Insider Buying and Selling at Mueller Water Products
In other 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Healy purchased 1,085 shares of the stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the acquisition, the director now directly owns 14,620 shares of the company's stock, valued at $370,178.40. This represents a 8.02% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Mueller Water Products presently has an average rating of "Hold" and a consensus price target of $26.25.
Get Our Latest Stock Analysis on MWA
Mueller Water Products Company Profile
(
Free Report)
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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