Mueller Water Products, Inc. (NYSE:MWA) Stock Position Raised by Creative Planning

Creative Planning lifted its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,767 shares of the industrial products company’s stock after acquiring an additional 1,405 shares during the quarter. Creative Planning’s holdings in Mueller Water Products were worth $516,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Mueller Water Products by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company’s stock worth $245,070,000 after acquiring an additional 227,843 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Mueller Water Products by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,143,039 shares of the industrial products company’s stock worth $50,571,000 after acquiring an additional 15,346 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Mueller Water Products by 399.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,962,757 shares of the industrial products company’s stock worth $53,093,000 after acquiring an additional 2,369,055 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Mueller Water Products by 24.6% during the 2nd quarter. Millennium Management LLC now owns 1,999,869 shares of the industrial products company’s stock worth $35,838,000 after acquiring an additional 395,123 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mueller Water Products by 6.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,055,545 shares of the industrial products company’s stock worth $18,915,000 after acquiring an additional 61,122 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Insider Activity at Mueller Water Products

In related news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the completion of the sale, the insider now owns 544,029 shares of the company’s stock, valued at approximately $11,065,549.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mueller Water Products news, insider J Scott Hall sold 135,253 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the transaction, the insider now directly owns 544,029 shares in the company, valued at $11,065,549.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 10,791 shares of the firm’s stock in a transaction dated 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 owns 102,792 shares in the company, valued at approximately $2,112,375.60. This trade represents a 0.00 % decrease in their ownership of the stock. 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. Insiders own 1.40% of the company’s stock.

Mueller Water Products Price Performance

MWA opened at $22.69 on Wednesday. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.38 and a beta of 1.34. Mueller Water Products, Inc. has a 1 year low of $12.39 and a 1 year high of $23.12. The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $21.43 and a 200 day moving average price of $19.65.

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

Mueller Water Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be given a dividend of $0.067 per share. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.27 dividend on an annualized basis and a yield of 1.18%. Mueller Water Products’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

Several analysts have recently commented on MWA shares. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and raised their target price for the stock from $19.00 to $20.00 in a research report on Friday, August 9th. Oppenheimer raised their target price on Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.