Signaturefd LLC purchased a new stake in shares of Mueller Water Products, Inc. (NYSE:MWA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,588 shares of the industrial products company’s stock, valued at approximately $171,000.

A number of other large investors also recently added to or reduced their stakes in MWA. First Republic Investment Management Inc. purchased a new stake in Mueller Water Products during the 1st quarter valued at $126,000. Fortaleza Asset Management Inc. purchased a new stake in Mueller Water Products in the second quarter worth $128,000. Highbridge Capital Management LLC purchased a new stake in Mueller Water Products in the first quarter worth $133,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Mueller Water Products in the second quarter worth $157,000. Finally, Point72 Asia Hong Kong Ltd increased its stake in Mueller Water Products by 1,456.9% in the first quarter. Point72 Asia Hong Kong Ltd now owns 15,631 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 14,627 shares during the period. Institutional investors own 86.29% of the company’s stock.

MWA opened at $11.58 on Friday. Mueller Water Products, Inc. has a 12-month low of $9.59 and a 12-month high of $12.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.91 and a current ratio of 5.13. The firm has a market cap of $1.80 billion, a PE ratio of 21.90, a PEG ratio of 1.40 and a beta of 1.07.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 6th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Mueller Water Products had a return on equity of 15.67% and a net margin of 11.24%. The business had revenue of $250.20 million for the quarter, compared to the consensus estimate of $246.01 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. equities analysts expect that Mueller Water Products, Inc. will post 0.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 20th. Stockholders of record on Friday, August 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, August 9th. Mueller Water Products’s payout ratio is 45.45%.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Oppenheimer set a $14.00 target price on Mueller Water Products and gave the stock a “buy” rating in a research note on Wednesday. Nomura reduced their target price on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson reiterated a “neutral” rating on shares of Mueller Water Products in a research note on Friday, July 20th. Finally, Seaport Global Securities lowered Mueller Water Products from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $12.50 in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.31.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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

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