Assenagon Asset Management S.A. Boosts Stock Holdings in Mueller Water Products $MWA

Assenagon Asset Management S.A. grew its position in Mueller Water Products (NYSE:MWA) by 525.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,393,293 shares of the industrial products company’s stock after purchasing an additional 1,170,683 shares during the period. Assenagon Asset Management S.A. owned about 0.89% of Mueller Water Products worth $35,557,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Van Hulzen Asset Management LLC increased its stake in Mueller Water Products by 0.8% in the 1st quarter. Van Hulzen Asset Management LLC now owns 64,990 shares of the industrial products company’s stock valued at $1,652,000 after buying an additional 519 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of Mueller Water Products by 1.1% in the second quarter. Yousif Capital Management LLC now owns 59,034 shares of the industrial products company’s stock valued at $1,419,000 after acquiring an additional 618 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Mueller Water Products by 5.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,953 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 661 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Mueller Water Products by 112.5% during 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Mueller Water Products by 11.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,674 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 695 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.00.

Mueller Water Products Stock Performance

NYSE:MWA opened at $24.86 on Friday. The company has a market capitalization of $3.89 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.17 and a beta of 1.17. The business has a fifty day simple moving average of $24.68 and a two-hundred day simple moving average of $25.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.54 and a quick ratio of 2.41. Mueller Water Products has a 1 year low of $21.35 and a 1 year high of $28.58.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. Mueller Water Products had a return on equity of 22.75% and a net margin of 13.41%.The company had revenue of $237.40 million during the quarter. On average, analysts expect that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, November 10th. Mueller Water Products’s payout ratio is presently 23.14%.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy acquired 1,070 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average cost of $25.78 per share, with a total value of $27,584.60. Following the acquisition, the director owned 16,800 shares in the company, valued at approximately $433,104. This represents a 6.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Todd P. Helms sold 15,094 shares of Mueller Water Products stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.62, for a total transaction of $371,614.28. Following the completion of the transaction, the senior vice president owned 85,917 shares of the company’s stock, valued at $2,115,276.54. This represents a 14.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.