Cambridge Investment Research Advisors Inc. Takes $217,000 Position in MUELLER WATER PRODUCTS (NYSE:MWA)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,555 shares of the industrial products company’s stock, valued at approximately $217,000.

Other institutional investors have also made changes to their positions in the company. Optiver Holding B.V. acquired a new stake in shares of MUELLER WATER PRODUCTS during the 4th quarter valued at about $29,000. Byrne Asset Management LLC lifted its holdings in MUELLER WATER PRODUCTS by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 658 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in MUELLER WATER PRODUCTS by 171.8% in the 4th 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 last quarter. Millstone Evans Group LLC acquired a new stake in MUELLER WATER PRODUCTS in the 4th quarter worth approximately $63,000. Finally, Gen Wealth Partners Inc acquired a new stake in MUELLER WATER PRODUCTS in the 4th quarter worth approximately $65,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, MUELLER WATER PRODUCTS presently has a consensus rating of “Hold” and a consensus target price of $26.25.

MUELLER WATER PRODUCTS Stock Down 0.6%

MWA opened at $25.14 on Monday. The business has a 50 day moving average price of $24.54 and a 200 day moving average price of $24.79. MUELLER WATER PRODUCTS has a twelve month low of $18.55 and a twelve month high of $28.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.79. The firm has a market cap of $3.94 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.18.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. MUELLER WATER PRODUCTS had a return on equity of 21.31% and a net margin of 10.48%. The company had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that MUELLER WATER PRODUCTS will post 1.24 EPS for the current year.

MUELLER WATER PRODUCTS Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were issued a dividend of $0.067 per share. The ex-dividend date was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.07%. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is presently 29.67%.

Insider Buying and Selling

In other news, Director Brian Slobodow sold 7,376 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian C. Healy purchased 1,110 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $24.74 per share, with a total value of $27,461.40. Following the completion of the acquisition, the director owned 15,730 shares of the company’s stock, valued at approximately $389,160.20. The trade was a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

About MUELLER WATER PRODUCTS

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.