Public Employees Retirement Association of Colorado Has $394,000 Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Public Employees Retirement Association of Colorado decreased its position in Mueller Water Products, Inc. (NYSE:MWA) by 14.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,011 shares of the industrial products company’s stock after selling 3,578 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Mueller Water Products were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Mueller Water Products by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company’s stock worth $245,070,000 after buying an additional 227,843 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Mueller Water Products by 0.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,143,039 shares of the industrial products company’s stock valued at $50,571,000 after purchasing an additional 15,346 shares in the last quarter. Victory Capital Management Inc. increased its stake in Mueller Water Products by 399.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,962,757 shares of the industrial products company’s stock worth $53,093,000 after purchasing an additional 2,369,055 shares in the last quarter. First Trust Advisors LP raised its holdings in Mueller Water Products by 4.8% during the 4th quarter. First Trust Advisors LP now owns 2,512,657 shares of the industrial products company’s stock worth $36,182,000 after buying an additional 115,963 shares during the period. Finally, KBC Group NV lifted its stake in Mueller Water Products by 17.8% in the fourth quarter. KBC Group NV now owns 2,423,672 shares of the industrial products company’s stock valued at $34,901,000 after buying an additional 366,264 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Activity

In other news, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the sale, the director now directly owns 34,699 shares of the company’s stock, valued at approximately $691,898.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas J. Hansen sold 10,791 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $20.55, for a total transaction of $221,755.05. Following the transaction, the director now directly owns 102,792 shares of the company’s stock, valued at approximately $2,112,375.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Ortiz sold 8,800 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the sale, the director now directly owns 34,699 shares of the company’s stock, valued at approximately $691,898.06. The disclosure for this sale can be found here. Insiders sold a total of 256,869 shares of company stock valued at $5,141,842 in the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MWA shares. Royal Bank of Canada increased their price objective on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and increased their target price for the stock from $19.00 to $20.00 in a report on Friday, August 9th. StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Oppenheimer lifted their target price on Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Mueller Water Products has a consensus rating of “Hold” and an average price target of $21.60.

Mueller Water Products Price Performance

NYSE:MWA opened at $21.27 on Friday. Mueller Water Products, Inc. has a 52-week low of $12.13 and a 52-week high of $21.51. The company has a market cap of $3.31 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.31 and a current ratio of 3.70. The stock’s 50-day simple moving average is $20.44 and its 200 day simple moving average is $18.37.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.10. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The firm had revenue of $356.70 million for the quarter, compared to analyst estimates of $329.67 million. During the same quarter in the previous year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that Mueller Water Products, Inc. will post 0.93 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th were paid a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 9th. Mueller Water Products’s dividend payout ratio is currently 39.06%.

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.