Jackson Creek Investment Advisors LLC Has $1.51 Million Position in Mueller Water Products (NYSE:MWA)

Jackson Creek Investment Advisors LLC lowered its holdings in shares of Mueller Water Products (NYSE:MWA - Free Report) by 28.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,193 shares of the industrial products company's stock after selling 23,989 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Mueller Water Products were worth $1,505,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Jennison Associates LLC acquired a new position in shares of Mueller Water Products during the 1st quarter valued at about $989,000. Segall Bryant & Hamill LLC purchased a new position in Mueller Water Products in the first quarter worth approximately $2,191,000. Massachusetts Financial Services Co. MA purchased a new position in Mueller Water Products in the first quarter worth approximately $718,000. Sigma Planning Corp purchased a new position in Mueller Water Products in the first quarter worth approximately $361,000. Finally, Bleakley Financial Group LLC purchased a new position in Mueller Water Products in the first quarter worth approximately $844,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.25.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy purchased 1,110 shares of the firm's stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the completion of the transaction, the director owned 15,730 shares in the company, valued at $389,160.20. This represents a 7.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction that occurred 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. Insiders own 1.10% of the company's stock.

Mueller Water Products Stock Down 0.7%

NYSE MWA traded down $0.18 during trading hours on Friday, hitting $25.19. The company had a trading volume of 3,529,218 shares, compared to its average volume of 1,591,921. Mueller Water Products has a fifty-two week low of $18.55 and a fifty-two week high of $28.58. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.38 and a beta of 1.18. 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 firm's 50 day moving average is $24.54 and its 200 day moving average is $24.85.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Mueller Water Products had a net margin of 10.48% and a return on equity of 21.31%. The company had revenue of $364.30 million during the quarter, compared to analysts' expectations of $352.30 million. During the same period in the prior year, the company posted $0.30 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were given a $0.067 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.06%. Mueller Water Products's dividend payout ratio (DPR) is 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.