Impax Asset Management Group plc Has $100.86 Million Stock Holdings in Mueller Water Products (NYSE:MWA)

Impax Asset Management Group plc decreased its position in Mueller Water Products (NYSE:MWA - Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,967,669 shares of the industrial products company's stock after selling 613,147 shares during the period. Impax Asset Management Group plc owned approximately 2.53% of Mueller Water Products worth $100,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in Mueller Water Products by 45.6% during the first quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock worth $1,330,000 after acquiring an additional 16,400 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Mueller Water Products during the 1st quarter valued at about $287,000. Asset Management One Co. Ltd. grew its position 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. State of Alaska Department of Revenue acquired a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $2,205,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Mueller Water Products by 7.7% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Insider Transactions at Mueller Water Products

In other news, Director Brian C. Healy bought 1,085 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average cost of $25.32 per share, with a total value of $27,472.20. Following the completion of the purchase, the director owned 14,620 shares of the company's stock, valued at $370,178.40. This represents a 8.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Slobodow sold 7,376 shares of the business'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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Mueller Water Products currently has an average rating of "Hold" and an average target price of $26.25.

Mueller Water Products Stock Up 0.6%

MWA stock opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49. The stock has a market capitalization of $3.88 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.34 and a beta of 1.18. Mueller Water Products has a fifty-two week low of $18.05 and a fifty-two week high of $28.58. The business has a 50-day moving average of $24.69 and a 200-day moving average of $24.70.

Mueller Water Products (NYSE:MWA - Get Free Report) last released 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 firm had revenue of $364.30 million during 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 business's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were given a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's dividend payout ratio is currently 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.

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