MUELLER WATER PRODUCTS (NYSE:MWA) Shares Acquired by Spire Wealth Management

Spire Wealth Management lifted its holdings in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 5,488.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,940 shares of the industrial products company's stock after buying an additional 27,440 shares during the quarter. Spire Wealth Management's holdings in MUELLER WATER PRODUCTS were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Optiver Holding B.V. acquired a new position in MUELLER WATER PRODUCTS during the fourth quarter worth $29,000. Byrne Asset Management LLC raised its position in shares of MUELLER WATER PRODUCTS by 73.1% during the 1st 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. Tower Research Capital LLC TRC raised its position in shares of MUELLER WATER PRODUCTS by 171.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after purchasing an additional 1,113 shares during the last quarter. Millstone Evans Group LLC purchased a new position in MUELLER WATER PRODUCTS in the 4th quarter valued at about $63,000. Finally, Gen Wealth Partners Inc acquired a new stake in MUELLER WATER PRODUCTS in the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Insider Activity

In related news, Director Brian C. Healy purchased 1,085 shares of MUELLER WATER PRODUCTS stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the acquisition, the director now directly owns 14,620 shares in the company, valued at approximately $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Slobodow sold 7,376 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were 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. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut MUELLER WATER PRODUCTS from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $26.25.

MUELLER WATER PRODUCTS Price Performance

MWA traded down $0.12 on Friday, hitting $24.14. 2,646,682 shares of the company's stock were exchanged, compared to its average volume of 1,597,578. MUELLER WATER PRODUCTS has a fifty-two week low of $17.49 and a fifty-two week high of $28.58. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $24.79 and a 200-day moving average price of $24.69. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.31 and a beta of 1.21.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping 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 the consensus estimate of $352.30 million. During the same period last year, the firm posted $0.30 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current year.

MUELLER WATER PRODUCTS Dividend Announcement

The business also recently announced 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. This represents a $0.27 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, May 12th. MUELLER WATER PRODUCTS's dividend payout ratio is currently 29.67%.

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.