US Bancorp DE Sells 15,383 Shares of MUELLER WATER PRODUCTS (NYSE:MWA)

Key Points

• US Bancorp DE reduced its holdings in Mueller Water Products by 41.3%, selling 15,383 shares in the first quarter, leaving it with a total of 21,870 shares valued at $556,000.
• Several other institutional investors have also increased their stakes in Mueller Water Products, with Nisa Investment Advisors boosting its position by 184.6% during the same quarter.
• Mueller Water Products recently declared a quarterly dividend of $0.067 per share, with a yield of 1.0%, set to be paid on August 21st to shareholders on record by August 12th.

US Bancorp DE cut its holdings in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 41.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,870 shares of the industrial products company's stock after selling 15,383 shares during the period. US Bancorp DE's holdings in MUELLER WATER PRODUCTS were worth $556,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Optiver Holding B.V. acquired a new stake in MUELLER WATER PRODUCTS during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC grew its stake in MUELLER WATER PRODUCTS by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after buying an additional 1,113 shares in the last quarter. Byrne Asset Management LLC grew its stake 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 worth $40,000 after buying an additional 658 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in MUELLER WATER PRODUCTS during the first quarter worth about $42,000. Finally, Nisa Investment Advisors LLC grew its stake in MUELLER WATER PRODUCTS by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after buying an additional 1,104 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

MUELLER WATER PRODUCTS Trading Down 1.2%

NYSE MWA traded down $0.31 during trading hours on Friday, reaching $26.25. The company's stock had a trading volume of 613,153 shares, compared to its average volume of 1,535,930. The firm has a fifty day simple moving average of $24.71 and a 200-day simple moving average of $25.22. The stock has a market cap of $4.10 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.39 and a beta of 1.18. MUELLER WATER PRODUCTS has a 52 week low of $19.23 and a 52 week high of $28.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $380.30 million during the quarter, compared to the consensus estimate of $366.82 million. MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.067 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.27 annualized dividend and a yield of 1.0%. MUELLER WATER PRODUCTS's dividend payout ratio (DPR) is presently 28.72%.

Insider Transactions at MUELLER WATER PRODUCTS

In other news, Director Brian C. Healy purchased 1,110 shares of the stock in a transaction on Monday, July 7th. The stock was purchased at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the acquisition, the director owned 15,730 shares in the company, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% 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 note on Saturday, July 12th.

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.