Mueller Water Products, Inc. (NYSE:MWA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Mueller Water Products, Inc. (NYSE:MWA) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 1,944,715 shares of the industrial products company’s stock after buying an additional 37,729 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Mueller Water Products were worth $42,200,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised its position in Mueller Water Products by 194.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,033,939 shares of the industrial products company’s stock worth $18,528,000 after acquiring an additional 682,740 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Mueller Water Products by 13.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 694,469 shares of the industrial products company’s stock valued at $11,175,000 after acquiring an additional 83,567 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Mueller Water Products by 369.1% during the 3rd quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock valued at $2,137,000 after acquiring an additional 77,467 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Mueller Water Products during the 2nd quarter worth $3,077,000. Finally, Aigen Investment Management LP acquired a new position in shares of Mueller Water Products in the 3rd quarter worth $451,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on MWA. Royal Bank of Canada upped their price objective on shares of Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. StockNews.com cut Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. TD Cowen cut shares of Mueller Water Products from a “buy” rating to a “hold” rating and raised their price target for the stock from $19.00 to $20.00 in a report on Friday, August 9th. Finally, Oppenheimer reissued an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.20.

Insider Activity

In related news, Director Lydia W. Thomas sold 10,791 shares of Mueller Water Products stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.40, for a total transaction of $263,300.40. Following the sale, the director now directly owns 136,405 shares of the company’s stock, valued at $3,328,282. This trade represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Todd P. Helms sold 3,556 shares of Mueller Water Products stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.02, for a total transaction of $88,971.12. Following the sale, the senior vice president now owns 38,683 shares in the company, valued at $967,848.66. This represents a 8.42 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Mueller Water Products Stock Up 0.3 %

Shares of MWA stock opened at $25.04 on Monday. The stock’s 50 day simple moving average is $23.04 and its 200 day simple moving average is $20.63. Mueller Water Products, Inc. has a twelve month low of $13.08 and a twelve month high of $26.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.16 and a current ratio of 3.33. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.42 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $348.20 million for the quarter, compared to the consensus estimate of $324.80 million. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. As a group, research analysts predict that Mueller Water Products, Inc. will post 1.17 EPS for the current year.

Mueller Water Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were given a $0.067 dividend. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, November 8th. Mueller Water Products’s payout ratio is currently 36.99%.

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.