KLP Kapitalforvaltning AS Purchases 2,300 Shares of MUELLER WATER PRODUCTS $MWA

KLP Kapitalforvaltning AS raised its position in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 7.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,300 shares of the industrial products company’s stock after purchasing an additional 2,300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in MUELLER WATER PRODUCTS were worth $801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 16.8% in the first quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock worth $503,201,000 after buying an additional 2,840,895 shares during the last quarter. Nuveen LLC purchased a new position in shares of MUELLER WATER PRODUCTS in the first quarter worth approximately $61,497,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of MUELLER WATER PRODUCTS by 66.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company’s stock worth $137,296,000 after buying an additional 2,152,096 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of MUELLER WATER PRODUCTS in the first quarter worth approximately $53,854,000. Finally, Allianz Asset Management GmbH lifted its holdings in MUELLER WATER PRODUCTS by 95.4% during the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company’s stock valued at $81,671,000 after purchasing an additional 1,568,247 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Brian C. Healy bought 1,070 shares of the stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average cost of $25.78 per share, with a total value of $27,584.60. Following the completion of the purchase, the director owned 16,800 shares of the company’s stock, valued at $433,104. This trade represents a 6.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Suzanne G. Smith sold 1,288 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $26.91, for a total transaction of $34,660.08. Following the completion of the sale, the chief accounting officer directly owned 763 shares of the company’s stock, valued at approximately $20,532.33. This trade represents a 62.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,664 shares of company stock valued at $909,819. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of MUELLER WATER PRODUCTS in a report on Wednesday, October 8th. Wall Street Zen raised shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, MUELLER WATER PRODUCTS has an average rating of “Moderate Buy” and an average target price of $28.33.

MUELLER WATER PRODUCTS Stock Down 2.2%

Shares of MWA opened at $24.96 on Friday. The firm has a market capitalization of $3.90 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.19 and a beta of 1.18. MUELLER WATER PRODUCTS has a 12-month low of $21.35 and a 12-month high of $28.58. 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 firm has a fifty day moving average price of $25.86 and a 200-day moving average price of $25.13.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $237.40 million during the quarter. MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. Equities research analysts expect that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current year.

MUELLER WATER PRODUCTS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 12th. MUELLER WATER PRODUCTS’s payout ratio is currently 28.72%.

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.