Thompson Investment Management Inc. Buys 2,700 Shares of Mueller Water Products, Inc. (NYSE:MWA)

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Thompson Investment Management Inc. lifted its stake in Mueller Water Products, Inc. (NYSE:MWA) by 8.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,825 shares of the industrial products company’s stock after acquiring an additional 2,700 shares during the period. Thompson Investment Management Inc.’s holdings in Mueller Water Products were worth $342,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Belpointe Asset Management LLC bought a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $102,000. ELCO Management Co. LLC bought a new position in Mueller Water Products in the 2nd quarter worth approximately $146,000. Hendershot Investments Inc. bought a new position in Mueller Water Products in the 1st quarter worth approximately $161,000. GYL Financial Synergies LLC bought a new position in Mueller Water Products in the 1st quarter worth approximately $177,000. Finally, CWM Advisors LLC increased its position in Mueller Water Products by 14.1% in the 2nd quarter. CWM Advisors LLC now owns 18,367 shares of the industrial products company’s stock worth $180,000 after buying an additional 2,270 shares during the period. 82.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:MWA traded down $0.14 during trading on Tuesday, hitting $9.87. 304,098 shares of the stock were exchanged, compared to its average volume of 962,036. Mueller Water Products, Inc. has a 1-year low of $8.47 and a 1-year high of $12.17. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14. The company’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $10.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.00 and a current ratio of 3.15.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Mueller Water Products had a return on equity of 17.10% and a net margin of 5.09%. The company had revenue of $274.30 million for the quarter, compared to analyst estimates of $274.96 million. During the same quarter last year, the firm earned $0.19 EPS. Mueller Water Products’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts forecast that Mueller Water Products, Inc. will post 0.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 9th were issued a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Thursday, August 8th. Mueller Water Products’s payout ratio is presently 39.62%.

Several research analysts have commented on MWA shares. Seaport Global Securities set a $12.00 price target on Mueller Water Products and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Saturday. Goldman Sachs Group downgraded Mueller Water Products from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $10.00 to $8.00 in a research report on Wednesday, June 26th. Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. Finally, ValuEngine raised Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Mueller Water Products has an average rating of “Buy” and a consensus target price of $12.33.

In other news, Director Shirley C. Franklin sold 6,700 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $9.55, for a total transaction of $63,985.00. Following the sale, the director now owns 52,892 shares of the company’s stock, valued at approximately $505,118.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arsdell Stephen C. Van acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the acquisition, the director now directly owns 32,000 shares in the company, valued at approximately $323,200. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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