TradeLink Capital LLC Takes Position in Mueller Water Products (NYSE:MWA)

TradeLink Capital LLC bought a new stake in Mueller Water Products (NYSE:MWA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,780 shares of the industrial products company’s stock, valued at approximately $274,000. Mueller Water Products makes up approximately 1.7% of TradeLink Capital LLC’s portfolio, making the stock its 20th largest position.

Several other institutional investors also recently modified their holdings of the business. Optiver Holding B.V. purchased a new position in Mueller Water Products in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC lifted its stake 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 valued at $40,000 after purchasing an additional 1,113 shares during the last quarter. Byrne Asset Management LLC lifted its stake in Mueller Water Products by 73.1% in the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 658 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Mueller Water Products during the first quarter worth $42,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Mueller Water Products by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,104 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Trading Down 1.1%

NYSE:MWA opened at $24.38 on Thursday. The company has a market cap of $3.82 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.34 and a beta of 1.18. The stock’s fifty day moving average price is $24.43 and its two-hundred day moving average price is $24.99. Mueller Water Products has a 1 year low of $18.55 and a 1 year high of $28.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.79 and a quick ratio of 2.49.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $352.30 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be given a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.10%. Mueller Water Products’s dividend payout ratio (DPR) is presently 29.67%.

Insiders Place Their Bets

In related news, Director Brian Slobodow sold 7,376 shares of the 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 filing with the SEC, which is available at the SEC website. Also, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the transaction, the director directly owned 15,730 shares of the company’s stock, valued at $389,160.20. This represents a 7.59% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Mueller Water Products presently has a consensus rating of “Hold” and an average price target of $26.25.

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.