Sigma Planning Corp Purchases Shares of 14,213 Mueller Water Products (NYSE:MWA)

Sigma Planning Corp bought a new position in Mueller Water Products (NYSE:MWA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,213 shares of the industrial products company's stock, valued at approximately $361,000.

Other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC acquired a new stake in Mueller Water Products in the 1st quarter worth $844,000. CWM LLC grew its position in Mueller Water Products by 307.4% in the 1st quarter. CWM LLC now owns 11,236 shares of the industrial products company's stock worth $286,000 after purchasing an additional 8,478 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Mueller Water Products in the 1st quarter worth $1,876,000. New York State Common Retirement Fund grew its position in Mueller Water Products by 9.2% in the 1st quarter. New York State Common Retirement Fund now owns 196,637 shares of the industrial products company's stock worth $4,999,000 after purchasing an additional 16,600 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in Mueller Water Products in the 1st quarter worth $580,000. Institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Brian Slobodow sold 7,376 shares of Mueller Water Products 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian C. Healy bought 1,110 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the completion of the transaction, the director owned 15,730 shares in the company, valued at $389,160.20. This represents a 7.59% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Mueller Water Products Stock Performance

NYSE MWA traded up $0.13 during midday trading on Wednesday, hitting $24.53. The company had a trading volume of 2,048,472 shares, compared to its average volume of 1,593,817. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $24.48 and a two-hundred day simple moving average of $24.89. Mueller Water Products has a fifty-two week low of $18.55 and a fifty-two week high of $28.58. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.32 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share 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 for the quarter, compared to analyst estimates of $352.30 million. During the same period in the previous year, the business earned $0.30 EPS. The firm's revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

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 dividend of $0.067 per share. The ex-dividend date was Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.09%. Mueller Water Products's dividend payout ratio (DPR) is currently 28.57%.

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.