Los Angeles Capital Management LLC Sells 5,022 Shares of Mueller Water Products $MWA

Los Angeles Capital Management LLC lowered its holdings in shares of Mueller Water Products (NYSE:MWA) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,921 shares of the industrial products company’s stock after selling 5,022 shares during the period. Los Angeles Capital Management LLC’s holdings in Mueller Water Products were worth $4,734,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MWA. Vanguard Group Inc. boosted its holdings in shares of Mueller Water Products by 16.8% during the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock worth $503,201,000 after buying an additional 2,840,895 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Mueller Water Products by 66.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company’s stock worth $137,296,000 after acquiring an additional 2,152,096 shares in the last quarter. Invesco Ltd. grew its holdings in Mueller Water Products by 21.6% in the first quarter. Invesco Ltd. now owns 4,880,108 shares of the industrial products company’s stock worth $124,052,000 after purchasing an additional 865,977 shares during the period. Allianz Asset Management GmbH increased its stake in Mueller Water Products by 95.4% in the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company’s stock valued at $81,671,000 after purchasing an additional 1,568,247 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Mueller Water Products by 18.7% in the first quarter. American Century Companies Inc. now owns 2,440,516 shares of the industrial products company’s stock valued at $62,038,000 after purchasing an additional 383,884 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mueller Water Products

In related news, Director Brian C. Healy bought 1,070 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were bought at an average price of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the acquisition, the director directly owned 16,800 shares of the company’s stock, valued at $433,104. This trade represents a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Hansen sold 24,005 shares of Mueller Water Products stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the transaction, the director directly owned 86,163 shares in the company, valued at approximately $2,253,162.45. The trade was a 21.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,664 shares of company stock valued at $909,819 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Mueller Water Products Stock Performance

MWA opened at $24.05 on Monday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.21 and a beta of 1.18. The company’s fifty day moving average price is $25.55 and its two-hundred day moving average price is $25.26. Mueller Water Products has a 1-year low of $21.35 and a 1-year high of $28.58. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Thursday, February 24th. The industrial products company reported $0.11 EPS for the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The company had revenue of $237.40 million during the quarter. On average, analysts expect that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s dividend payout ratio is presently 23.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.00.

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.