Mueller Water Products $MWA Shares Bought by Globeflex Capital L P

Globeflex Capital L P lifted its holdings in shares of Mueller Water Products (NYSE:MWA) by 15.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 230,546 shares of the industrial products company’s stock after acquiring an additional 30,225 shares during the period. Globeflex Capital L P’s holdings in Mueller Water Products were worth $5,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MWA. Cullen Frost Bankers Inc. increased its position in Mueller Water Products by 112.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 685 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Mueller Water Products by 177.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 1,686 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Mueller Water Products by 355.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 2,218 shares during the period. AlphaQuest LLC bought a new stake in shares of Mueller Water Products during the second quarter valued at about $71,000. Finally, GAMMA Investing LLC raised its stake in shares of Mueller Water Products by 55.8% during the second quarter. GAMMA Investing LLC now owns 3,143 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 1,126 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Trading Up 0.3%

Shares of MWA stock opened at $24.74 on Friday. The stock has a 50-day simple moving average of $24.76 and a 200 day simple moving average of $25.00. The stock has a market capitalization of $3.87 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.17 and a beta of 1.17. Mueller Water Products has a fifty-two week low of $21.35 and a fifty-two week high of $28.58. The company has a quick ratio of 2.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.46.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 EPS for the quarter. Mueller Water Products had a net margin of 13.41% and a return on equity of 22.75%. The firm had revenue of $237.40 million for the quarter. On average, sell-side analysts expect that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, November 10th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Mueller Water Products’s payout ratio is 23.14%.

Insider Activity at Mueller Water Products

In related news, SVP Todd P. Helms sold 15,094 shares of Mueller Water Products stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total value of $371,614.28. Following the transaction, the senior vice president directly owned 85,917 shares in the company, valued at $2,115,276.54. The trade was a 14.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian C. Healy bought 1,070 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were bought at an average cost of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the transaction, the director directly owned 16,800 shares of the company’s stock, valued at $433,104. This trade represents a 6.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.00.

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.