Mueller Water Products, Inc. (NYSE:MWA) Stock Holdings Lifted by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC raised its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,540,121 shares of the industrial products company’s stock after purchasing an additional 291,200 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Mueller Water Products were worth $24,944,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of MWA. Impax Asset Management Group plc grew its holdings in shares of Mueller Water Products by 24.1% during the 2nd quarter. Impax Asset Management Group plc now owns 11,220,838 shares of the industrial products company’s stock valued at $110,189,000 after acquiring an additional 2,177,793 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Mueller Water Products by 69.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock valued at $21,840,000 after acquiring an additional 888,715 shares during the period. Investment Counselors of Maryland LLC bought a new stake in Mueller Water Products during the second quarter valued at about $8,580,000. Speece Thorson Capital Group Inc. raised its position in shares of Mueller Water Products by 62.2% during the second quarter. Speece Thorson Capital Group Inc. now owns 1,755,554 shares of the industrial products company’s stock valued at $17,240,000 after buying an additional 673,350 shares during the last quarter. Finally, Robecosam AG raised its position in shares of Mueller Water Products by 107.0% during the second quarter. Robecosam AG now owns 811,600 shares of the industrial products company’s stock valued at $7,799,000 after buying an additional 419,600 shares during the last quarter. Institutional investors and hedge funds own 86.85% of the company’s stock.
In other news, EVP Gregory Rogowski sold 85,839 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $10.06, for a total transaction of $863,540.34. Following the sale, the executive vice president now directly owns 425,473 shares of the company’s stock, valued at $4,280,258.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arsdell Stephen C. Van purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the purchase, the director now directly owns 32,000 shares of the company’s stock, valued at $323,200. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 5th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The firm had revenue of $274.30 million during the quarter, compared to analyst estimates of $274.96 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate 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. Shareholders of record on Friday, August 9th were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.21 annualized dividend and a yield of 1.86%. Mueller Water Products’s dividend payout ratio is 39.62%.
MWA has been the subject of several recent research reports. Goldman Sachs Group lowered shares of 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. ValuEngine raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Saturday, August 24th. Finally, Seaport Global Securities set a $12.00 price target on shares of Mueller Water Products and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $12.00.
Mueller Water Products Company Profile
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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