Yousif Capital Management LLC Takes Position in MUELLER WATER PRODUCTS (NYSE:MWA)

Yousif Capital Management LLC bought a new stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,416 shares of the industrial products company's stock, valued at approximately $1,485,000.

A number of other large investors have also bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of MUELLER WATER PRODUCTS by 0.8% in the fourth quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock valued at $1,017,000 after buying an additional 379 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company's stock worth $966,000 after acquiring an additional 581 shares during the period. Summit Global Investments boosted its holdings in shares of 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 worth $1,384,000 after acquiring an additional 687 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 3.0% in the fourth quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock worth $556,000 after acquiring an additional 722 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 14.8% in the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock worth $126,000 after acquiring an additional 726 shares during the period. 91.68% of the stock is owned by hedge funds and other institutional investors.

MUELLER WATER PRODUCTS Price Performance

Shares of MWA stock traded down $0.04 on Wednesday, reaching $23.38. The company's stock had a trading volume of 1,482,912 shares, compared to its average volume of 1,587,676. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. MUELLER WATER PRODUCTS has a 12-month low of $17.09 and a 12-month high of $28.58. The company has a market capitalization of $3.66 billion, a P/E ratio of 20.73, a PEG ratio of 1.27 and a beta of 1.21. The stock's 50 day simple moving average is $24.93 and its 200-day simple moving average is $24.76.

MUELLER WATER PRODUCTS (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $352.30 million. During the same quarter last year, the business posted $0.30 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts predict that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.15%. MUELLER WATER PRODUCTS's payout ratio is 29.67%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered MUELLER WATER PRODUCTS from a "buy" rating to a "hold" rating in a report on Sunday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.25.

Insider Buying and Selling at MUELLER WATER PRODUCTS

In related news, Director Brian Slobodow sold 7,376 shares of the firm'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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian C. Healy bought 1,085 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average cost of $25.32 per share, for a total transaction of $27,472.20. Following the completion of the purchase, the director now directly owns 14,620 shares of the company's stock, valued at $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

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.