Dynamic Technology Lab Private Ltd Boosts Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Dynamic Technology Lab Private Ltd lifted its stake in Mueller Water Products, Inc. (NYSE:MWA) by 318.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,813 shares of the industrial products company’s stock after buying an additional 44,751 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Mueller Water Products were worth $1,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Mueller Water Products during the 3rd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC bought a new stake in Mueller Water Products during the 2nd quarter valued at $72,000. National Bank of Canada FI boosted its position in 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 valued at $83,000 after buying an additional 1,457 shares during the period. Quarry LP grew its holdings in Mueller Water Products by 341.0% in the 2nd quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 4,355 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Mueller Water Products by 434.6% in the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 3,977 shares during the period. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, SVP Todd P. Helms sold 3,556 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.02, for a total transaction of $88,971.12. Following the completion of the transaction, the senior vice president now directly owns 38,683 shares of the company’s stock, valued at $967,848.66. The trade was a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lydia W. Thomas sold 10,791 shares of Mueller Water Products stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.40, for a total transaction of $263,300.40. Following the completion of the sale, the director now directly owns 136,405 shares of the company’s stock, valued at approximately $3,328,282. This trade represents a 7.33 % 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 Performance

Mueller Water Products stock opened at $25.26 on Wednesday. The stock’s 50 day moving average is $22.70 and its 200 day moving average is $20.46. The company has a market capitalization of $3.95 billion, a P/E ratio of 34.60, a PEG ratio of 1.43 and a beta of 1.34. Mueller Water Products, Inc. has a twelve month low of $13.08 and a twelve month high of $26.28. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55.

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

Mueller Water Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were given a dividend of $0.067 per share. The ex-dividend date was Friday, November 8th. This represents a $0.27 annualized dividend and a dividend yield of 1.06%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio (DPR) is 35.62%.

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.