Yousif Capital Management LLC Takes $1.49 Million Position in Mueller Water Products (NYSE:MWA)

Yousif Capital Management LLC acquired a new position in shares of Mueller Water Products (NYSE:MWA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,416 shares of the industrial products company's stock, valued at approximately $1,485,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Optiver Holding B.V. bought a new stake in Mueller Water Products in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC increased its stake in 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 valued at $40,000 after purchasing an additional 1,113 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Mueller Water Products during the fourth quarter worth $63,000. Gen Wealth Partners Inc bought a new position in shares of Mueller Water Products in the fourth quarter valued at $65,000. Finally, Blue Trust Inc. grew its holdings in shares of Mueller Water Products by 14.8% during the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock valued at $126,000 after buying an additional 726 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mueller Water Products

In related news, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian C. Healy acquired 1,085 shares of the firm's stock in a transaction on Friday, May 16th. The stock was bought at an average price of $25.32 per share, with a total value of $27,472.20. Following the completion of the acquisition, the director now directly owns 14,620 shares in the company, valued at approximately $370,178.40. This represents a 8.02% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Mueller Water Products Price Performance

Shares of MWA traded down $0.14 during midday trading on Friday, hitting $23.25. 768,994 shares of the company traded hands, compared to its average volume of 1,968,815. The stock has a 50-day moving average of $24.92 and a 200-day moving average of $24.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49. Mueller Water Products has a one year low of $17.09 and a one year high of $28.58. The firm has a market cap of $3.64 billion, a P/E ratio of 25.55, a PEG ratio of 1.27 and a beta of 1.21.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted 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 period in the previous year, the business earned $0.30 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were given a $0.067 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.15%. Mueller Water Products's dividend payout ratio (DPR) is presently 29.67%.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Mueller Water Products currently has an average rating of "Hold" and a consensus target price of $26.25.

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.