Mueller Water Products (NYSE:MWA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in Mueller Water Products (NYSE:MWA - Free Report) by 63.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,631 shares of the industrial products company's stock after selling 99,680 shares during the quarter. Teacher Retirement System of Texas' holdings in Mueller Water Products were worth $1,465,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in shares of Mueller Water Products by 291.7% in the first quarter. New York State Teachers Retirement System now owns 55,565 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 41,381 shares during the last quarter. Amalgamated Bank increased its position in shares of Mueller Water Products by 741.2% in the first quarter. Amalgamated Bank now owns 44,567 shares of the industrial products company's stock valued at $1,133,000 after buying an additional 39,269 shares in the last quarter. Perpetual Ltd boosted its stake in shares of Mueller Water Products by 24.5% in the first quarter. Perpetual Ltd now owns 384,369 shares of the industrial products company's stock worth $9,771,000 after acquiring an additional 75,738 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Mueller Water Products by 5,488.0% in the first quarter. Spire Wealth Management now owns 27,940 shares of the industrial products company's stock worth $710,000 after acquiring an additional 27,440 shares during the last quarter. Finally, Balboa Wealth Partners boosted its stake in shares of Mueller Water Products by 14.0% in the first quarter. Balboa Wealth Partners now owns 14,795 shares of the industrial products company's stock worth $376,000 after acquiring an additional 1,820 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Mueller Water Products currently has an average rating of "Hold" and a consensus target price of $26.25.

Mueller Water Products Trading Down 0.6%

Shares of Mueller Water Products stock traded down $0.15 during trading hours on Friday, hitting $25.14. The company's stock had a trading volume of 616,889 shares, compared to its average volume of 1,585,065. Mueller Water Products has a twelve month low of $18.55 and a twelve month high of $28.58. The firm has a fifty day moving average of $24.54 and a 200-day moving average of $24.76. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.37 and a beta of 1.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.79.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. Research analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were issued a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.07%. Mueller Water Products's dividend payout ratio (DPR) is 29.67%.

Insider Activity

In other Mueller Water Products news, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of $24.74 per share, with a total value of $27,461.40. Following the transaction, the director owned 15,730 shares in the company, valued at $389,160.20. The trade was a 7.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Slobodow sold 7,376 shares of the company's stock in a transaction dated 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 corporate insiders.

About Mueller Water Products

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.