126,553 Shares in Mueller Water Products $MWA Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in shares of Mueller Water Products (NYSE:MWA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 126,553 shares of the industrial products company’s stock, valued at approximately $3,042,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in shares of Mueller Water Products by 31.2% during the second quarter. Cetera Investment Advisers now owns 46,452 shares of the industrial products company’s stock worth $1,117,000 after purchasing an additional 11,042 shares in the last quarter. SG Americas Securities LLC purchased a new position in Mueller Water Products during the 2nd quarter worth $3,618,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Mueller Water Products by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,226 shares of the industrial products company’s stock valued at $967,000 after buying an additional 2,751 shares in the last quarter. Candriam S.C.A. raised its stake in Mueller Water Products by 2.0% in the second quarter. Candriam S.C.A. now owns 504,343 shares of the industrial products company’s stock valued at $12,125,000 after buying an additional 10,037 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in Mueller Water Products by 4.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 35,674 shares of the industrial products company’s stock valued at $858,000 after buying an additional 1,641 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,070 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, October 7th. The shares were purchased at an average price 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. This represents a 6.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Suzanne G. Smith sold 1,288 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer directly owned 763 shares in the company, valued at $20,532.33. This trade 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 currently owned by company insiders.

Mueller Water Products Trading Up 1.4%

MWA stock opened at $23.24 on Wednesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.21 and a beta of 1.18. The business’s 50-day moving average is $25.14 and its 200 day moving average is $25.11. 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.

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

Mueller Water Products Increases Dividend

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

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 research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average price target of $29.00.

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.