Los Angeles Capital Management LLC Has $5.13 Million Holdings in Mueller Water Products (NYSE:MWA)

Los Angeles Capital Management LLC increased its holdings in Mueller Water Products (NYSE:MWA - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,943 shares of the industrial products company's stock after purchasing an additional 16,082 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.13% of Mueller Water Products worth $5,133,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Byrne Asset Management LLC grew its stake in shares of Mueller Water Products by 73.1% in the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock worth $40,000 after purchasing an additional 658 shares during the last quarter. Xponance Inc. boosted its position in Mueller Water Products by 6.0% during the first quarter. Xponance Inc. now owns 11,726 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 660 shares during the last quarter. Summit Global Investments boosted its position in Mueller Water Products by 1.3% during the first quarter. Summit Global Investments now owns 54,437 shares of the industrial products company's stock valued at $1,384,000 after acquiring an additional 687 shares during the last quarter. Baird Financial Group Inc. boosted its position in Mueller Water Products by 3.0% during the fourth quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock valued at $556,000 after acquiring an additional 722 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in Mueller Water Products by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock valued at $366,000 after acquiring an additional 768 shares during the last quarter. Institutional investors own 91.68% of the company's stock.

Mueller Water Products Stock Up 0.7%

Shares of NYSE MWA traded up $0.17 during trading on Friday, hitting $24.92. 155,929 shares of the company traded hands, compared to its average volume of 1,866,848. The business's fifty day moving average is $24.47 and its 200 day moving average is $24.91. Mueller Water Products has a fifty-two week low of $18.55 and a fifty-two week high of $28.58. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.79.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $364.30 million for the quarter, compared to analyst estimates of $352.30 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business's quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders 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 dividend yield of 1.08%. Mueller Water Products's dividend payout ratio is currently 29.67%.

Insider Activity

In related news, Director Brian Slobodow sold 7,376 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian C. Healy bought 1,110 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the acquisition, the director directly owned 15,730 shares in the company, valued at $389,160.20. The trade was a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research 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.com, Mueller Water Products 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.