Sigma Planning Corp Takes Position in 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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,213 shares of the industrial products company's stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in shares of Mueller Water Products during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC grew its position in Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares in the last quarter. Byrne Asset Management LLC increased its position 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 acquiring an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of Mueller Water Products during the first quarter valued at approximately $42,000. Finally, Nisa Investment Advisors LLC increased its stake in Mueller Water Products by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after purchasing an additional 1,104 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Insiders Place Their Bets

In other news, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, for a total transaction of $27,461.40. Following the transaction, the director directly owned 15,730 shares in the company, valued at approximately $389,160.20. This represents a 7.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were 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. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

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

Mueller Water Products Stock Down 0.7%

Mueller Water Products stock opened at $25.19 on Friday. 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 stock has a market capitalization of $3.95 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18. Mueller Water Products has a 12 month low of $18.55 and a 12 month high of $28.58. The business has a 50 day simple moving average of $24.54 and a 200-day simple moving average of $24.86.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced 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 for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. On average, analysts anticipate that Mueller Water Products will post 1.24 EPS 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. Investors of record on Monday, May 12th were paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's 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.

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