Vanguard Personalized Indexing Management LLC Has $267,000 Stock Position in Mueller Water Products, Inc. (NYSE:MWA)

Vanguard Personalized Indexing Management LLC lifted its position in Mueller Water Products, Inc. (NYSE:MWA) by 24.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,922 shares of the industrial products company’s stock after buying an additional 2,913 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Mueller Water Products were worth $267,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in shares of Mueller Water Products in the first quarter valued at approximately $46,000. Allspring Global Investments Holdings LLC acquired a new position in Mueller Water Products in the 2nd quarter worth $72,000. Register Financial Advisors LLC bought a new position in Mueller Water Products during the 1st quarter worth about $80,000. National Bank of Canada FI raised its stake in shares of Mueller Water Products by 44.2% in the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,457 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Mueller Water Products by 345,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 6,916 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 6,914 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insiders Place Their Bets

In other news, insider J Scott Hall sold 135,253 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $2,751,046.02. Following the completion of the sale, the insider now directly owns 544,029 shares of the company’s stock, valued at $11,065,549.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mueller Water Products news, Director Thomas J. Hansen sold 10,791 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.55, for a total value of $221,755.05. Following the transaction, the director now directly owns 102,792 shares in the company, valued at $2,112,375.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider J Scott Hall sold 135,253 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the completion of the transaction, the insider now directly owns 544,029 shares in the company, valued at $11,065,549.86. The disclosure for this sale can be found here. Insiders have sold a total of 256,869 shares of company stock valued at $5,141,842 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MWA has been the subject of a number of research reports. Royal Bank of Canada increased their price objective on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 25th. Oppenheimer boosted their price objective on shares of Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, TD Cowen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating and raised their target price for the company from $19.00 to $20.00 in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.60.

Mueller Water Products Trading Up 0.1 %

Shares of Mueller Water Products stock opened at $21.27 on Monday. The stock has a market cap of $3.31 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.52 and a beta of 1.34. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.57. Mueller Water Products, Inc. has a 12-month low of $12.13 and a 12-month high of $21.51. The business’s 50 day moving average is $20.44 and its 200-day moving average is $18.39.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The firm had revenue of $356.70 million for the quarter, compared to analyst estimates of $329.67 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that Mueller Water Products, Inc. will post 0.93 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Friday, August 9th were issued a dividend of $0.064 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, August 9th. Mueller Water Products’s payout ratio is currently 39.06%.

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.