Pacer Advisors Inc. Buys Shares of 10,815 MUELLER WATER PRODUCTS (NYSE:MWA)

Pacer Advisors Inc. purchased a new position in shares of MUELLER WATER PRODUCTS (NYSE:MWA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,815 shares of the industrial products company’s stock, valued at approximately $275,000.

Other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC lifted its stake in shares of MUELLER WATER PRODUCTS by 73.1% during 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. Xponance Inc. raised its holdings in MUELLER WATER PRODUCTS by 6.0% in the first quarter. Xponance Inc. now owns 11,726 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 660 shares in the last quarter. Summit Global Investments lifted its position in shares of MUELLER WATER PRODUCTS by 1.3% during the first quarter. Summit Global Investments now owns 54,437 shares of the industrial products company’s stock valued at $1,384,000 after buying an additional 687 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 3.0% in the 4th quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company’s stock valued at $556,000 after buying an additional 722 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company’s stock valued at $366,000 after buying an additional 768 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

MUELLER WATER PRODUCTS Stock Down 2.1%

Shares of MWA stock opened at $24.23 on Friday. The stock’s fifty day moving average price is $24.43 and its 200 day moving average price is $25.02. MUELLER WATER PRODUCTS has a 1-year low of $18.55 and a 1-year high of $28.58. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. 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 results 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. MUELLER WATER PRODUCTS had a return on equity of 21.31% and a net margin of 10.48%. The business had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same quarter last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.067 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.1%. MUELLER WATER PRODUCTS’s dividend payout ratio is presently 29.67%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.25.

Insider Buying and Selling

In related 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Healy purchased 1,110 shares of the stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, with a total value of $27,461.40. Following the transaction, the director owned 15,730 shares in the company, valued at $389,160.20. This trade represents a 7.59% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

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.