XTX Topco Ltd lowered its holdings in Mueller Water Products (NYSE:MWA - Free Report) by 70.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,926 shares of the industrial products company's stock after selling 21,536 shares during the period. XTX Topco Ltd's holdings in Mueller Water Products were worth $227,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Byrne Asset Management LLC raised its holdings in shares of Mueller Water Products by 73.1% during the 1st 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. Xponance Inc. lifted its stake in Mueller Water Products by 6.0% in the 1st quarter. Xponance Inc. now owns 11,726 shares of the industrial products company's stock valued at $298,000 after purchasing an additional 660 shares during the last quarter. Summit Global Investments boosted its position in Mueller Water Products by 1.3% in the first quarter. Summit Global Investments now owns 54,437 shares of the industrial products company's stock valued at $1,384,000 after buying an additional 687 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Mueller Water Products by 3.0% during the fourth quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock worth $556,000 after buying an additional 722 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Mueller Water Products by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock worth $366,000 after buying an additional 768 shares in the last quarter. Institutional investors own 91.68% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th.
Get Our Latest Analysis on Mueller Water Products
Mueller Water Products Trading Down 1.2%
NYSE:MWA traded down $0.31 during trading hours on Friday, hitting $26.25. 613,153 shares of the company were exchanged, compared to its average volume of 1,535,930. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. Mueller Water Products has a one year low of $19.23 and a one year high of $28.58. The company has a fifty day simple moving average of $24.71 and a 200 day simple moving average of $25.22. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48.
Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The company had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%. Mueller Water Products's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. Sell-side analysts expect that Mueller Water Products will post 1.24 EPS for the current fiscal year.
Mueller Water Products Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 12th. Mueller Water Products's dividend payout ratio (DPR) is currently 28.72%.
Insiders Place Their Bets
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 purchased 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 approximately $389,160.20. The trade was a 7.59% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.
Mueller Water Products Profile
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Free Report)
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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