Invesco Ltd. Acquires 865,977 Shares of Mueller Water Products (NYSE:MWA)

Invesco Ltd. grew its holdings in Mueller Water Products (NYSE:MWA - Free Report) by 21.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,880,108 shares of the industrial products company's stock after acquiring an additional 865,977 shares during the quarter. Invesco Ltd. owned 3.11% of Mueller Water Products worth $124,052,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Mueller Water Products in the first quarter valued at about $502,000. Envestnet Asset Management Inc. raised its stake in Mueller Water Products by 354.3% in the first quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company's stock valued at $8,107,000 after purchasing an additional 248,733 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Mueller Water Products by 45.6% in the first quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock valued at $1,330,000 after purchasing an additional 16,400 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Mueller Water Products in the first quarter valued at about $287,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Mueller Water Products in the first quarter valued at about $217,000. Institutional investors own 91.68% of the company's stock.

Insider Activity

In other news, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction dated Monday, July 7th. The stock was 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 of the company's stock, valued at $389,160.20. This represents a 7.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Mueller Water Products Stock Down 2.9%

MWA stock opened at $26.59 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.15 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. Mueller Water Products has a 52 week low of $19.23 and a 52 week high of $28.58. The business has a 50-day simple moving average of $24.68 and a 200 day simple moving average of $25.18.

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

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. Mueller Water Products's dividend payout ratio is currently 28.72%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th.

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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