Stevens Capital Management LP Invests $255,000 in Mueller Water Products (NYSE:MWA)

Stevens Capital Management LP bought a new position in shares of Mueller Water Products (NYSE:MWA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,899 shares of the industrial products company’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teachers Advisors LLC lifted its stake in Mueller Water Products by 2.6% in the first quarter. Teachers Advisors LLC now owns 268,638 shares of the industrial products company’s stock valued at $3,175,000 after acquiring an additional 6,927 shares during the last quarter. BlackRock Inc. raised its position in shares of Mueller Water Products by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after purchasing an additional 13,426,906 shares during the period. Schwab Charles Investment Management Inc. increased its position in Mueller Water Products by 7.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 798,574 shares of the industrial products company’s stock worth $9,440,000 after acquiring an additional 54,365 shares during the period. Tudor Investment Corp ET AL increased its position in Mueller Water Products by 38.3% during the first quarter. Tudor Investment Corp ET AL now owns 18,629 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 5,159 shares during the period. Finally, HighTower Advisors LLC bought a new position in Mueller Water Products during the first quarter worth about $143,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

A number of equities analysts recently commented on MWA shares. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 11th. BidaskClub downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Robert W. Baird restated a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 4th. Finally, Cowen reiterated a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a research report on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mueller Water Products presently has an average rating of “Buy” and an average target price of $13.75.

In other Mueller Water Products news, CFO Evan Hart sold 50,000 shares of Mueller Water Products stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $12.10, for a total transaction of $605,000.00. Following the transaction, the chief financial officer now directly owns 321,247 shares of the company’s stock, valued at approximately $3,887,088.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gregory E. Hyland sold 142,243 shares of Mueller Water Products stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total transaction of $1,759,545.91. Following the transaction, the insider now directly owns 979,481 shares in the company, valued at $12,116,179.97. The disclosure for this sale can be found here. Insiders have sold a total of 693,656 shares of company stock valued at $8,514,160 in the last 90 days. 4.30% of the stock is currently owned by company insiders.

Mueller Water Products (MWA) traded down $0.06 during trading hours on Wednesday, hitting $12.17. 871,769 shares of the stock traded hands, compared to its average volume of 1,238,947. The company has a market cap of $1,972.61, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.57 and a beta of 1.33. The company has a quick ratio of 3.75, a current ratio of 4.73 and a debt-to-equity ratio of 0.97. Mueller Water Products has a 12 month low of $10.84 and a 12 month high of $14.20.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $226.90 million during the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. Mueller Water Products’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. equities research analysts anticipate that Mueller Water Products will post 0.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. Mueller Water Products’s dividend payout ratio (DPR) is presently 21.05%.

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Mueller Water Products 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.

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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