Blue Trust Inc. Buys 1,027 Shares of MUELLER WATER PRODUCTS $MWA

Blue Trust Inc. grew its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 11.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,055 shares of the industrial products company’s stock after purchasing an additional 1,027 shares during the period. Blue Trust Inc.’s holdings in MUELLER WATER PRODUCTS were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of MUELLER WATER PRODUCTS in the 1st quarter valued at approximately $42,000. Nisa Investment Advisors LLC grew its stake in shares of MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,104 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 valued at $67,000 after purchasing an additional 1,686 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of MUELLER WATER PRODUCTS in the 1st quarter valued at approximately $73,000. Finally, GAMMA Investing LLC grew its stake in shares of MUELLER WATER PRODUCTS by 55.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,143 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 1,126 shares during the period. 91.68% of the stock is currently owned by institutional investors.

MUELLER WATER PRODUCTS Stock Up 1.4%

NYSE MWA opened at $25.39 on Wednesday. The stock’s 50 day simple moving average is $25.89 and its 200 day simple moving average is $25.13. MUELLER WATER PRODUCTS has a one year low of $21.35 and a one year high of $28.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The firm has a market cap of $3.97 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18.

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

MUELLER WATER PRODUCTS Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other MUELLER WATER PRODUCTS news, Director Thomas J. Hansen sold 24,005 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $26.15, for a total transaction of $627,730.75. Following the transaction, the director owned 86,163 shares of the company’s stock, valued at approximately $2,253,162.45. This represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian C. Healy acquired 1,070 shares of MUELLER WATER PRODUCTS stock in a transaction on Tuesday, October 7th. The shares were purchased at an average cost of $25.78 per share, for a total transaction 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 34,664 shares of company stock valued at $909,819. 1.10% of the stock is currently owned by corporate 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.