US Bancorp DE Sells 15,383 Shares of MUELLER WATER PRODUCTS (NYSE:MWA)

US Bancorp DE lessened its holdings in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 41.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,870 shares of the industrial products company’s stock after selling 15,383 shares during the quarter. US Bancorp DE’s holdings in MUELLER WATER PRODUCTS were worth $556,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Optiver Holding B.V. bought a new stake in shares of MUELLER WATER PRODUCTS during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its position in shares of MUELLER WATER PRODUCTS by 171.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 1,113 shares during the last quarter. Byrne Asset Management LLC boosted its position 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 valued at $40,000 after acquiring an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new stake in shares of MUELLER WATER PRODUCTS during the 1st quarter valued at about $42,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of MUELLER WATER PRODUCTS by 184.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Saturday, July 12th.

Insider Buying and Selling

In related news, Director Brian C. Healy purchased 1,110 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were acquired at an average cost of $24.74 per share, with a total value of $27,461.40. Following the purchase, the director directly owned 15,730 shares of the company’s stock, valued at approximately $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

MUELLER WATER PRODUCTS Stock Performance

Shares of NYSE MWA opened at $25.69 on Tuesday. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average is $24.52 and its 200 day moving average is $25.13. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.36 and a beta of 1.18. MUELLER WATER PRODUCTS has a 1-year low of $19.23 and a 1-year high of $28.58.

MUELLER WATER PRODUCTS (NYSE:MWA) last announced its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $380.30 million during the quarter, compared to analysts’ expectations of $366.82 million. MUELLER WATER PRODUCTS had a return on equity of 20.89% and a net margin of 10.67%. MUELLER WATER PRODUCTS’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, sell-side analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

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 $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 12th. MUELLER WATER PRODUCTS’s payout ratio is 28.72%.

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.