Creative Planning Purchases 1,405 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Creative Planning lifted its position in Mueller Water Products, Inc. (NYSE:MWA) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,767 shares of the industrial products company’s stock after buying an additional 1,405 shares during the period. Creative Planning’s holdings in Mueller Water Products were worth $516,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Mueller Water Products by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 15,231,209 shares of the industrial products company’s stock valued at $245,070,000 after buying an additional 227,843 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Mueller Water Products by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,143,039 shares of the industrial products company’s stock worth $50,571,000 after purchasing an additional 15,346 shares during the period. Victory Capital Management Inc. boosted its stake in Mueller Water Products by 399.0% in 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 during the period. Millennium Management LLC boosted its stake in Mueller Water Products by 24.6% in the 2nd quarter. Millennium Management LLC now owns 1,999,869 shares of the industrial products company’s stock worth $35,838,000 after purchasing an additional 395,123 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Mueller Water Products by 6.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,055,545 shares of the industrial products company’s stock worth $18,915,000 after purchasing an additional 61,122 shares during the period. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating and upped their target price for the stock from $19.00 to $20.00 in a research note on Friday, August 9th. 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 note on Wednesday, August 7th. StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer increased their price objective on shares of Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $21.60.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Thomas J. Hansen sold 10,791 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $20.55, for a total value of $221,755.05. Following the transaction, the director now directly owns 102,792 shares in the company, valued at $2,112,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mueller Water Products news, insider J Scott Hall sold 102,025 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $19.54, for a total value of $1,993,568.50. Following the sale, the insider now owns 544,029 shares of the company’s stock, valued at $10,630,326.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Hansen sold 10,791 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 102,792 shares in the company, valued at approximately $2,112,375.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 256,869 shares of company stock worth $5,141,842 over the last three months. 1.40% of the stock is currently owned by insiders.

Mueller Water Products Stock Up 2.9 %

Shares of NYSE MWA opened at $22.69 on Wednesday. The stock has a market capitalization of $3.54 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.38 and a beta of 1.34. The company has a 50-day moving average price of $21.43 and a 200-day moving average price of $19.65. Mueller Water Products, Inc. has a 1 year low of $12.39 and a 1 year high of $23.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31.

Mueller Water Products (NYSE:MWA) last released 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 net margin of 9.71% and a return on equity of 19.46%. The business had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $329.67 million. During the same period in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities research analysts forecast that Mueller Water Products, Inc. will post 0.93 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be issued a dividend of $0.067 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.18%. Mueller Water Products’s payout ratio is 33.33%.

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.