38,887 Shares in Mueller Water Products (NYSE:MWA) Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new stake in shares of Mueller Water Products (NYSE:MWA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,887 shares of the industrial products company's stock, valued at approximately $989,000.

A number of other large investors have also made changes to their positions in MWA. Segall Bryant & Hamill LLC acquired a new position in shares of Mueller Water Products in the 1st quarter valued at about $2,191,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Mueller Water Products in the 1st quarter valued at about $718,000. Sigma Planning Corp acquired a new position in shares of Mueller Water Products in the 1st quarter valued at about $361,000. Bleakley Financial Group LLC acquired a new position in shares of Mueller Water Products in the 1st quarter valued at about $844,000. Finally, CWM LLC increased its holdings in shares of Mueller Water Products by 307.4% in the 1st quarter. CWM LLC now owns 11,236 shares of the industrial products company's stock valued at $286,000 after purchasing an additional 8,478 shares during the period. Institutional investors and hedge funds own 91.68% of the company's stock.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy purchased 1,110 shares of the stock in a transaction on Monday, July 7th. The shares were bought at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian Slobodow sold 7,376 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Mueller Water Products Stock Up 0.5%

NYSE:MWA traded up $0.12 during mid-day trading on Thursday, reaching $24.68. The stock had a trading volume of 662,143 shares, compared to its average volume of 1,874,113. The business's 50 day moving average is $24.48 and its 200 day moving average is $24.89. Mueller Water Products has a fifty-two week low of $18.55 and a fifty-two week high of $28.58. The stock has a market cap of $3.87 billion, a P/E ratio of 27.17, a PEG ratio of 1.32 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.

Mueller Water Products (NYSE:MWA - Get Free Report) last released 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 21.31% and a net margin of 10.48%. The firm had revenue of $364.30 million for the quarter, compared to the consensus estimate of $352.30 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were issued a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.09%. Mueller Water Products's dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analyst Weigh In

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

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.