Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Creative Planning

Creative Planning decreased its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,362 shares of the industrial products company’s stock after selling 726 shares during the period. Creative Planning’s holdings in Mueller Water Products were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. acquired a new position in shares of Mueller Water Products in the first quarter worth $46,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Mueller Water Products during the 2nd quarter worth $72,000. Register Financial Advisors LLC purchased a new stake in shares of Mueller Water Products during the 1st quarter worth $80,000. National Bank of Canada FI lifted its position in shares of Mueller Water Products by 44.2% during the 2nd quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,457 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of Mueller Water Products during the 4th quarter worth $163,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th. Royal Bank of Canada boosted their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Oppenheimer upped their target price on shares of Mueller Water Products from $22.00 to $24.00 and gave the company an “outperform” 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 upped their target price for the company from $19.00 to $20.00 in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.60.

Mueller Water Products Price Performance

Shares of MWA stock opened at $22.65 on Thursday. The firm has a fifty day moving average of $20.95 and a two-hundred day moving average of $18.98. 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, Inc. has a 1-year low of $12.13 and a 1-year high of $23.12. The firm has a market cap of $3.53 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.39 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.32 earnings per share for the quarter, beating 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 firm had revenue of $356.70 million for the quarter, compared to the consensus estimate of $329.67 million. During the same period last year, the firm posted $0.18 EPS. Mueller Water Products’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate that Mueller Water Products, Inc. will post 0.93 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th were given a $0.064 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, August 9th. Mueller Water Products’s dividend payout ratio (DPR) is currently 39.06%.

Insider Transactions at Mueller Water Products

In related news, Director Thomas J. Hansen sold 10,791 shares of the firm’s stock in a transaction that occurred 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 directly owns 102,792 shares in the company, valued at approximately $2,112,375.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Thomas J. Hansen sold 10,791 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.55, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Ortiz sold 8,800 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total transaction of $175,472.00. Following the completion of the sale, the director now owns 34,699 shares of the company’s stock, valued at $691,898.06. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.