State of Alaska Department of Revenue Purchases New Stake in MUELLER WATER PRODUCTS (NYSE:MWA)

State of Alaska Department of Revenue acquired a new position in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 86,770 shares of the industrial products company's stock, valued at approximately $2,205,000. State of Alaska Department of Revenue owned about 0.06% of MUELLER WATER PRODUCTS as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in MUELLER WATER PRODUCTS by 7.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 58,956 shares of the industrial products company's stock worth $1,499,000 after purchasing an additional 4,299 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in shares of 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 worth $40,000 after buying an additional 658 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of MUELLER WATER PRODUCTS in the first quarter valued at about $502,000. Bellecapital International Ltd. acquired a new stake in shares of MUELLER WATER PRODUCTS in the first quarter valued at approximately $225,000. Finally, Handelsbanken Fonder AB grew its position in MUELLER WATER PRODUCTS by 45.6% during the first quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock worth $1,330,000 after buying an additional 16,400 shares in the last quarter. Institutional investors own 91.68% of the company's stock.

MUELLER WATER PRODUCTS Trading Up 2.5%

MWA stock traded up $0.60 during trading on Thursday, hitting $24.28. The company had a trading volume of 1,223,024 shares, compared to its average volume of 1,596,517. The stock has a market cap of $3.80 billion, a PE ratio of 26.68, a PEG ratio of 1.28 and a beta of 1.21. The company has a current ratio of 3.79, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $24.81 and a 200-day moving average of $24.70. MUELLER WATER PRODUCTS has a one year low of $17.48 and a one year high of $28.58.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate 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 business had revenue of $364.30 million during the quarter, compared to analysts' expectations of $352.30 million. During the same quarter last year, the firm posted $0.30 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. Research analysts predict that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, May 12th. MUELLER WATER PRODUCTS's dividend payout ratio (DPR) is currently 29.67%.

Insider Activity

In other news, Director Brian Slobodow sold 7,376 shares of the business's 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy purchased 1,085 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were acquired at an average cost of $25.32 per share, with a total value of $27,472.20. Following the completion of the transaction, the director now directly owns 14,620 shares of the company's stock, valued at $370,178.40. The trade was a 8.02% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of MUELLER WATER PRODUCTS from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $26.25.

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.