Whittier Trust Co. held its stake in shares of Mueller Water Products (NYSE:MWA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,750 shares of the industrial products company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Mueller Water Products were worth $184,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MWA. Aperio Group LLC boosted its stake in shares of Mueller Water Products by 12.0% in the second quarter. Aperio Group LLC now owns 59,678 shares of the industrial products company’s stock worth $697,000 after buying an additional 6,397 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Mueller Water Products by 21.3% in the second quarter. Integrated Investment Consultants LLC now owns 19,918 shares of the industrial products company’s stock worth $233,000 after buying an additional 3,503 shares in the last quarter. New England Research & Management Inc. bought a new stake in shares of Mueller Water Products during the second quarter worth $225,000. Water Asset Management LLC bought a new stake in shares of Mueller Water Products during the first quarter worth $3,569,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Mueller Water Products during the first quarter worth $207,000. Institutional investors and hedge funds own 87.31% of the company’s stock.
Shares of Mueller Water Products (NYSE MWA) traded up 5.81% during midday trading on Friday, reaching $12.38. 1,305,792 shares of the company’s stock traded hands. The firm has a market capitalization of $1.97 billion, a P/E ratio of 16.71 and a beta of 1.37. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20. The stock’s 50 day moving average price is $11.48 and its 200 day moving average price is $11.92.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $232.20 million for the quarter, compared to analysts’ expectations of $235.07 million. Mueller Water Products had a return on equity of 17.17% and a net margin of 14.47%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. On average, equities research analysts anticipate that Mueller Water Products will post $0.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.29%. The ex-dividend date is Wednesday, August 9th. Mueller Water Products’s dividend payout ratio is 20.00%.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Thursday. Oppenheimer Holdings, Inc. set a $13.00 price objective on shares of Mueller Water Products and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, CIBC restated a “buy” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.71.
In related news, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the transaction, the director now owns 39,157 shares in the company, valued at $446,389.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total value of $633,372.00. Following the completion of the transaction, the director now owns 27,303 shares in the company, valued at approximately $306,612.69. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.
Mueller Water Products Company Profile
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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