Measured Wealth Private Client Group LLC Makes New $639,000 Investment in Mueller Water Products (NYSE:MWA)

Key Points

• Measured Wealth Private Client Group LLC acquired a new position in MUELLER WATER PRODUCTS, purchasing 25,146 shares valued at approximately $639,000 in the first quarter.
• Analysts upgraded MUELLER WATER PRODUCTS from a "hold" to a "buy" rating, with the company currently having an average price target of $26.25.
• MUELLER WATER PRODUCTS announced a quarterly dividend of $0.067 per share, representing a 1.0% dividend yield, with a payout ratio of 28.72%.

Measured Wealth Private Client Group LLC bought a new stake in Mueller Water Products (NYSE:MWA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,146 shares of the industrial products company's stock, valued at approximately $639,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Mueller Water Products during the first quarter valued at about $502,000. Envestnet Asset Management Inc. grew its stake in shares of Mueller Water Products by 354.3% during 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 buying an additional 248,733 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Mueller Water Products by 45.6% during the first quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock valued at $1,330,000 after buying an additional 16,400 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Mueller Water Products during the first quarter valued at about $287,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Mueller Water Products during the first quarter valued at about $217,000. Institutional investors own 91.68% of the company's stock.

Mueller Water Products Trading Up 4.7%

Shares of NYSE MWA traded up $1.21 during trading hours on Tuesday, hitting $26.89. The company's stock had a trading volume of 1,238,605 shares, compared to its average volume of 1,845,610. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.36 and a beta of 1.18. Mueller Water Products has a 12 month low of $19.23 and a 12 month high of $28.58. The business has a 50-day simple moving average of $24.52 and a 200-day simple moving average of $25.13.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). The business had revenue of $380.30 million during the quarter, compared to the consensus estimate 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 for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. On average, analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

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

Insider Buying and Selling

In related news, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction on Monday, July 7th. The stock was acquired at an average cost 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 of the company's stock, valued at approximately $389,160.20. This represents a 7.59% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

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 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.