Spire Wealth Management Has $710,000 Stock Holdings in Mueller Water Products (NYSE:MWA)

Spire Wealth Management increased its position in Mueller Water Products (NYSE:MWA - Free Report) by 5,488.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Optiver Holding B.V. acquired a new stake in Mueller Water Products in the 4th 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 purchasing an additional 1,113 shares in the last quarter. Byrne Asset Management LLC lifted its stake in Mueller Water Products by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 658 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Mueller Water Products during the fourth quarter valued at approximately $63,000. Finally, Gen Wealth Partners Inc bought a new stake in Mueller Water Products during the fourth quarter worth approximately $65,000. Institutional investors own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Mueller Water Products from a "buy" rating to a "hold" rating in a report on Sunday, June 15th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.25.

Mueller Water Products Trading Up 1.7%

MWA stock traded up $0.40 during mid-day trading on Tuesday, reaching $24.44. 874,362 shares of the stock traded hands, compared to its average volume of 1,596,524. Mueller Water Products has a 52-week low of $17.67 and a 52-week high of $28.58. The stock's fifty day moving average is $24.78 and its 200-day moving average is $24.69. The company has a market cap of $3.83 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.30 and a beta of 1.18. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS 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 business had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were given a $0.067 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.10%. Mueller Water Products's dividend payout ratio (DPR) is presently 29.67%.

Insiders Place Their Bets

In related news, Director Brian Slobodow sold 7,376 shares of the stock in a transaction dated Thursday, May 8th. The stock was 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 can be accessed through this link. Also, Director Brian C. Healy bought 1,085 shares of the stock in a transaction on Friday, May 16th. The shares were acquired at an average cost of $25.32 per share, for a total transaction of $27,472.20. Following the purchase, the director owned 14,620 shares in the company, valued at approximately $370,178.40. This represents a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.