Segall Bryant & Hamill LLC Buys New Position in Mueller Water Products (NYSE:MWA)

Segall Bryant & Hamill LLC acquired a new stake in Mueller Water Products (NYSE:MWA - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 86,206 shares of the industrial products company's stock, valued at approximately $2,191,000. Segall Bryant & Hamill LLC owned 0.06% of Mueller Water Products as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Optiver Holding B.V. bought a new stake in shares of Mueller Water Products in the fourth quarter worth $29,000. Byrne Asset Management LLC raised 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 acquiring an additional 658 shares during the period. Olde Wealth Management LLC bought a new stake in Mueller Water Products in the 1st quarter valued at $42,000. Nisa Investment Advisors LLC increased its position in Mueller Water Products by 184.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after buying an additional 1,104 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in 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 buying an additional 1,113 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Mueller Water Products has an average rating of "Hold" and an average target price of $26.25.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy bought 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 owned 15,730 shares in the company, valued at $389,160.20. This trade represents a 7.59% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brian Slobodow sold 7,376 shares of Mueller Water Products stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Mueller Water Products Price Performance

NYSE:MWA traded down $0.18 during trading hours on Friday, hitting $25.19. The company's stock had a trading volume of 3,529,218 shares, compared to its average volume of 1,592,371. The stock has a fifty day simple moving average of $24.54 and a 200-day simple moving average of $24.86. The company has a market capitalization of $3.95 billion, a P/E ratio of 27.68, a PEG ratio of 1.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49. Mueller Water Products has a twelve month low of $18.55 and a twelve month high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. The firm had revenue of $364.30 million for the quarter, compared to analyst estimates of $352.30 million. During the same period last year, the firm posted $0.30 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts anticipate that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were given a dividend of $0.067 per share. The ex-dividend date was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.06%. Mueller Water Products's dividend payout ratio (DPR) is 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.