Mueller Water Products $MWA Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Mueller Water Products (NYSE:MWA) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,226 shares of the industrial products company’s stock after buying an additional 2,751 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mueller Water Products were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. boosted its holdings in Mueller Water Products by 112.5% in the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 685 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Mueller Water Products by 177.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 1,686 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Mueller Water Products by 355.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 2,218 shares in the last quarter. AlphaQuest LLC purchased a new stake in Mueller Water Products during the 2nd quarter worth approximately $71,000. Finally, Banque Cantonale Vaudoise acquired a new position in Mueller Water Products during the 1st quarter valued at approximately $73,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mueller Water Products presently has an average rating of “Hold” and a consensus target price of $29.00.

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $23.74 on Monday. Mueller Water Products has a twelve month low of $21.35 and a twelve 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 company has a market cap of $3.71 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18. The company’s 50 day moving average is $25.04 and its 200 day moving average is $25.07.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The firm had revenue of $237.40 million for the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. On average, sell-side analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were paid a $0.07 dividend. The ex-dividend date was Monday, November 10th. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Mueller Water Products’s dividend payout ratio (DPR) is currently 23.14%.

Insider Activity

In related news, Director Brian C. Healy purchased 1,070 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average cost of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the transaction, the director owned 16,800 shares in the company, valued at $433,104. The trade was a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Suzanne G. Smith sold 1,288 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the completion of the sale, the chief accounting officer owned 763 shares in the company, valued at approximately $20,532.33. This represents a 62.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company 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.