Farther Finance Advisors LLC Has $167,000 Position in Mueller Water Products (NYSE:MWA)

Farther Finance Advisors LLC boosted its position in shares of Mueller Water Products (NYSE:MWA) by 25.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,504 shares of the industrial products company’s stock after buying an additional 1,317 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mueller Water Products were worth $167,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MWA. Optiver Holding B.V. bought a new stake in shares of Mueller Water Products during the fourth quarter worth $29,000. Tower Research Capital LLC TRC increased its position in Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 1,113 shares during the period. Millstone Evans Group LLC bought a new stake in Mueller Water Products during the 4th quarter worth about $63,000. Gen Wealth Partners Inc bought a new stake in Mueller Water Products during the 4th quarter worth about $65,000. Finally, Blue Trust Inc. lifted its position in Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 726 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Stock Performance

MWA stock opened at $23.38 on Friday. Mueller Water Products has a twelve month low of $17.09 and a twelve month high of $28.58. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.66 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The business’s fifty day moving average is $24.92 and its 200-day moving average is $24.75.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $364.30 million for the quarter, compared to analysts’ expectations of $352.30 million. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Equities research analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Monday, May 12th were issued a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products’s dividend payout ratio is currently 29.67%.

Insider Buying and Selling at Mueller Water Products

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

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Sunday, June 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.25.

Mueller Water Products 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.