Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. decreased its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 53.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,419 shares of the industrial products company’s stock after selling 7,362 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Mueller Water Products were worth $115,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gabelli Funds LLC lifted its position in shares of Mueller Water Products by 3.7% during the 1st quarter. Gabelli Funds LLC now owns 757,810 shares of the industrial products company’s stock valued at $12,193,000 after buying an additional 27,000 shares in the last quarter. Norges Bank purchased a new position in Mueller Water Products during the fourth quarter valued at $14,642,000. Perpetual Ltd grew its position in shares of Mueller Water Products by 43.5% in the first quarter. Perpetual Ltd now owns 256,695 shares of the industrial products company’s stock valued at $4,130,000 after purchasing an additional 77,810 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Mueller Water Products during the first quarter worth about $452,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Mueller Water Products by 194.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,033,939 shares of the industrial products company’s stock worth $18,528,000 after purchasing an additional 682,740 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Stock Up 0.1 %

MWA stock opened at $21.27 on Friday. The firm has a market cap of $3.31 billion, a PE ratio of 33.23, a PEG ratio of 1.52 and a beta of 1.34. Mueller Water Products, Inc. has a one year low of $12.13 and a one year high of $21.51. 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 firm’s 50 day moving average price is $20.44 and its 200-day moving average price is $18.37.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. Mueller Water Products had a net margin of 9.71% and a return on equity of 19.46%. The business had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $329.67 million. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that Mueller Water Products, Inc. will post 0.93 EPS for the current year.

Mueller Water Products Dividend Announcement

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

Insider Buying and Selling

In other news, insider J Scott Hall sold 135,253 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the sale, the insider now owns 544,029 shares of the company’s stock, valued at $11,065,549.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Thomas J. Hansen sold 10,791 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.55, for a total transaction of $221,755.05. Following the completion of the sale, the director now owns 102,792 shares in the company, valued at approximately $2,112,375.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider J Scott Hall sold 135,253 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $20.34, for a total value of $2,751,046.02. Following the sale, the insider now directly owns 544,029 shares of the company’s stock, valued at $11,065,549.86. The disclosure for this sale can be found here. Insiders have sold a total of 256,869 shares of company stock valued at $5,141,842 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mueller Water Products 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.