28,237 Shares in Mueller Water Products (NYSE:MWA) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA bought a new stake in shares of Mueller Water Products (NYSE:MWA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 28,237 shares of the industrial products company's stock, valued at approximately $718,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MWA. Optiver Holding B.V. bought a new position in Mueller Water Products during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC raised its holdings in shares of Mueller Water Products by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after buying an additional 1,113 shares in the last quarter. Byrne Asset Management LLC boosted its stake in Mueller Water Products by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after buying an additional 658 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Mueller Water Products during the 1st quarter worth about $42,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Mueller Water Products by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian Slobodow sold 7,376 shares of the company's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian C. Healy purchased 1,110 shares of Mueller Water Products stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost 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 of the company's stock, valued at approximately $389,160.20. This represents 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 company insiders.

Mueller Water Products Trading Up 0.7%

MWA stock traded up $0.18 during midday trading on Thursday, reaching $24.74. The stock had a trading volume of 1,359,402 shares, compared to its average volume of 1,265,585. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.33 and a beta of 1.18. Mueller Water Products has a twelve month low of $18.55 and a twelve month high of $28.58. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $24.91.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. Mueller Water Products had a net margin of 10.48% and a return on equity of 21.31%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. As a group, research analysts expect that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced 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. This represents a $0.27 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Monday, May 12th. Mueller Water Products's dividend payout ratio (DPR) is currently 29.67%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Three investment 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, the stock currently has a consensus rating of "Hold" and a consensus price target 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.