Mueller Water Products, Inc. (NYSE:MWA) Stock Holdings Boosted by Byrne Asset Management LLC

Byrne Asset Management LLC raised its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 73.1% in the first quarter, HoldingsChannel.com reports. The firm owned 1,558 shares of the industrial products company’s stock after buying an additional 658 shares during the period. Byrne Asset Management LLC’s holdings in Mueller Water Products were worth $40,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mueller Water Products by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company’s stock valued at $15,696,000 after purchasing an additional 50,119 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in Mueller Water Products by 57.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company’s stock valued at $718,000 after purchasing an additional 11,711 shares in the last quarter. Alberta Investment Management Corp boosted its stake in Mueller Water Products by 12.4% during the 4th quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company’s stock valued at $4,494,000 after purchasing an additional 22,045 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Mueller Water Products during the 4th quarter valued at $1,573,000. Finally, Asset Management One Co. Ltd. boosted its stake in Mueller Water Products by 74.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 150,223 shares of the industrial products company’s stock valued at $3,395,000 after purchasing an additional 64,163 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Stock Performance

MWA opened at $23.12 on Friday. The firm has a market cap of $3.62 billion, a PE ratio of 26.88, a P/E/G ratio of 1.43 and a beta of 1.21. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $24.98 and a 200-day simple moving average of $24.79. Mueller Water Products, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $28.58.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. As a group, equities analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were given a $0.067 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.16%. Mueller Water Products’s dividend payout ratio (DPR) is presently 28.57%.

Insider Transactions at Mueller Water Products

In other news, Director Brian Slobodow sold 7,376 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Healy bought 1,085 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was acquired at an average cost of $25.32 per share, with a total value of $27,472.20. Following the transaction, the director now owns 14,620 shares of the company’s stock, valued at $370,178.40. This trade represents a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Sunday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $26.25.

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.