Informed Momentum Co LLC Cuts Stock Position in Mueller Water Products (NYSE:MWA)

Key Points

• Informed Momentum Co LLC has reduced its stake in Mueller Water Products by 48.8%, owning 108,473 shares worth approximately $2.76 million after selling 103,595 shares in the first quarter.
• Major institutional investors like Vanguard Group Inc. and Allianz Asset Management GmbH have increased their holdings in Mueller Water Products, indicating strong institutional support for the company.
• Mueller Water Products recently declared a quarterly dividend of $0.067 per share, with a yield of 1.0%, and reported earnings that slightly missed estimates despite a year-over-year revenue increase of 6.6%.

Informed Momentum Co LLC reduced its stake in shares of Mueller Water Products (NYSE:MWA - Free Report) by 48.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,473 shares of the industrial products company's stock after selling 103,595 shares during the quarter. Informed Momentum Co LLC owned 0.07% of Mueller Water Products worth $2,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its position in Mueller Water Products by 14.2% during the first quarter. HighTower Advisors LLC now owns 15,786 shares of the industrial products company's stock worth $401,000 after buying an additional 1,963 shares during the period. Public Sector Pension Investment Board acquired a new position in Mueller Water Products during the first quarter worth about $12,623,000. Nuveen LLC acquired a new stake in shares of Mueller Water Products in the first quarter valued at approximately $61,497,000. Invesco Ltd. grew its position in shares of Mueller Water Products by 21.6% in the first quarter. Invesco Ltd. now owns 4,880,108 shares of the industrial products company's stock valued at $124,052,000 after purchasing an additional 865,977 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Mueller Water Products in the first quarter valued at approximately $360,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Price Performance

Shares of MWA stock traded down $0.81 during trading hours on Thursday, hitting $26.59. The company's stock had a trading volume of 680,541 shares, compared to its average volume of 1,833,957. The business has a fifty day moving average of $24.68 and a 200-day moving average of $25.18. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.42 and a beta of 1.18. Mueller Water Products has a twelve month low of $19.23 and a twelve month high of $28.58. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The firm had revenue of $380.30 million for the quarter, compared to analysts' expectations of $366.82 million. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. As a group, equities research analysts anticipate that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.067 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. Mueller Water Products's dividend payout ratio (DPR) is currently 27.66%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th.

Insiders Place Their Bets

In related news, Director Brian C. Healy purchased 1,110 shares of the business's stock in a transaction on Monday, July 7th. The shares were bought at an average price of $24.74 per share, with a total value of $27,461.40. Following the completion of the purchase, the director directly owned 15,730 shares in the company, valued at approximately $389,160.20. This trade represents a 7.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.