AlphaMark Advisors LLC Makes New Investment in Mueller Water Products, Inc. (NYSE:MWA)

AlphaMark Advisors LLC acquired a new stake in Mueller Water Products, Inc. (NYSE:MWA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,288 shares of the industrial products company’s stock, valued at approximately $346,000.

Several other institutional investors have also recently modified their holdings of the company. Pingora Partners LLC acquired a new position in shares of Mueller Water Products in the 4th quarter valued at $29,000. Daiwa Securities Group Inc. purchased a new position in shares of Mueller Water Products in the first quarter valued at approximately $46,000. International Assets Investment Management LLC boosted its stake in Mueller Water Products by 1,340.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 4,422 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Mueller Water Products in the 1st quarter valued at about $80,000. Finally, TFO Wealth Partners LLC lifted its position in Mueller Water Products by 345,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,916 shares of the industrial products company’s stock worth $100,000 after buying an additional 6,914 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mueller Water Products news, insider J Scott Hall sold 135,253 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $2,751,046.02. Following the sale, the insider now directly owns 544,029 shares in the company, valued at $11,065,549.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Christine Ortiz sold 8,800 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider J Scott Hall sold 135,253 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the transaction, the insider now directly owns 544,029 shares in the company, valued at approximately $11,065,549.86. The disclosure for this sale can be found here. Insiders have sold a total of 246,078 shares of company stock worth $4,920,087 over the last quarter. 1.40% of the stock is owned by company insiders.

Mueller Water Products Trading Up 2.5 %

Shares of Mueller Water Products stock traded up $0.50 during trading hours on Thursday, reaching $20.53. The stock had a trading volume of 1,093,449 shares, compared to its average volume of 1,270,920. Mueller Water Products, Inc. has a 1 year low of $12.13 and a 1 year high of $21.02. The firm has a 50 day simple moving average of $18.90 and a two-hundred day simple moving average of $17.17. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a current ratio of 3.53, a quick ratio of 2.08 and a debt-to-equity ratio of 0.59.

Mueller Water Products (NYSE:MWA) last announced its earnings results 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. The company had revenue of $356.70 million during the quarter, compared to the consensus estimate of $329.67 million. Mueller Water Products had a return on equity of 16.97% and a net margin of 8.10%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. As a group, equities research analysts anticipate that Mueller Water Products, Inc. will post 0.86 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.064 per share. The ex-dividend date is Friday, August 9th. This represents a $0.26 annualized dividend and a yield of 1.25%. Mueller Water Products’s payout ratio is 39.06%.

Wall Street Analysts Forecast Growth

MWA has been the subject of several recent analyst reports. Oppenheimer raised their target price on Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird increased their price objective on Mueller Water Products from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Baird R W upgraded shares of Mueller Water Products to a “hold” rating in a research note on Wednesday, May 8th. Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Mueller Water Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.60.

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.