Teachers Retirement System of The State of Kentucky Purchases Shares of 46,000 Mueller Water Products (NYSE:MWA)

Teachers Retirement System of The State of Kentucky bought a new stake in Mueller Water Products (NYSE:MWA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,000 shares of the industrial products company's stock, valued at approximately $1,169,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC boosted its position in shares of 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 acquiring an additional 1,113 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 658 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Mueller Water Products in the 1st quarter valued at about $42,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Mueller Water Products by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

Mueller Water Products Trading Down 0.2%

Mueller Water Products stock traded down $0.05 during midday trading on Monday, reaching $25.11. The stock had a trading volume of 88,124 shares, compared to its average volume of 1,859,832. The stock's 50-day simple moving average is $24.46 and its 200 day simple moving average is $24.97. 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 has a twelve month low of $18.55 and a twelve month high of $28.58. The stock has a market capitalization of $3.93 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued 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 company had revenue of $364.30 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Analysts expect that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

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. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's payout ratio is 29.67%.

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, July 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.25.

Insider Transactions at Mueller Water Products

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

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.