Marshall Wace LLP Makes New $8.09 Million Investment in Mueller Water Products, Inc. (NYSE:MWA)

Marshall Wace LLP bought a new stake in Mueller Water Products, Inc. (NYSE:MWA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 451,300 shares of the industrial products company’s stock, valued at approximately $8,087,000. Marshall Wace LLP owned about 0.29% of Mueller Water Products at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. acquired a new position in Mueller Water Products in the 1st quarter valued at $46,000. Allspring Global Investments Holdings LLC purchased a new position in Mueller Water Products during the second quarter worth about $72,000. Register Financial Advisors LLC purchased a new position in Mueller Water Products during the first quarter worth about $80,000. National Bank of Canada FI boosted its holdings in 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 in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Mueller Water Products by 345,700.0% in the 4th 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.

Mueller Water Products Trading Up 0.1 %

Shares of MWA 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 fifty-two week low of $12.13 and a fifty-two week high of $21.51. The business has a fifty day simple moving average of $20.44 and a 200-day simple moving average of $18.39.

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

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders 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 of this dividend was Friday, August 9th. Mueller Water Products’s dividend payout ratio (DPR) is presently 39.06%.

Insiders Place Their Bets

In related news, Director Thomas J. Hansen sold 10,791 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.55, for a total transaction of $221,755.05. Following the sale, the director now owns 102,792 shares of the company’s stock, valued at $2,112,375.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Thomas J. Hansen sold 10,791 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 102,792 shares of the company’s stock, valued at $2,112,375.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christine Ortiz sold 8,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total transaction of $175,472.00. Following the sale, the director now owns 34,699 shares in the company, valued at approximately $691,898.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 256,869 shares of company stock valued at $5,141,842. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.