Picton Mahoney Asset Management Has $1.39 Million Holdings in Mueller Water Products (NYSE:MWA)

Picton Mahoney Asset Management grew its holdings in shares of Mueller Water Products (NYSE:MWA - Free Report) by 95,938.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,742 shares of the industrial products company's stock after purchasing an additional 54,685 shares during the period. Picton Mahoney Asset Management's holdings in Mueller Water Products were worth $1,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MWA. Invesco Ltd. increased its holdings in shares of Mueller Water Products by 79.7% in the 4th quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock valued at $90,318,000 after acquiring an additional 1,780,366 shares during the period. Allianz Asset Management GmbH increased its position in shares of Mueller Water Products by 95.4% in the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company's stock valued at $81,671,000 after buying an additional 1,568,247 shares in the last quarter. Norges Bank purchased a new position in shares of Mueller Water Products in the fourth quarter valued at $20,996,000. Ameriprise Financial Inc. increased its position in Mueller Water Products by 49.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,688,962 shares of the industrial products company's stock worth $60,502,000 after purchasing an additional 888,591 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Mueller Water Products by 514.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 970,055 shares of the industrial products company's stock worth $21,826,000 after purchasing an additional 812,127 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.25.

Mueller Water Products Stock Performance

Shares of MWA stock traded down $0.53 on Friday, hitting $24.23. 1,475,105 shares of the stock traded hands, compared to its average volume of 1,851,782. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49. The company has a market capitalization of $3.80 billion, a PE ratio of 26.63, a PEG ratio of 1.32 and a beta of 1.18. Mueller Water Products has a 1-year low of $18.55 and a 1-year high of $28.58. The company's fifty day moving average is $24.43 and its 200 day moving average is $24.99.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. The firm's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. Mueller Water Products's dividend payout ratio is presently 29.67%.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian C. Healy bought 1,110 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, with a total value of $27,461.40. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.