Nia Impact Advisors LLC Acquires 10,958 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Nia Impact Advisors LLC increased its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,174 shares of the industrial products company’s stock after acquiring an additional 10,958 shares during the quarter. Nia Impact Advisors LLC owned about 0.08% of Mueller Water Products worth $2,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Arizona State Retirement System increased its stake in shares of Mueller Water Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company’s stock worth $1,017,000 after acquiring an additional 379 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Mueller Water Products by 1.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company’s stock worth $966,000 after acquiring an additional 581 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Mueller Water Products by 3.0% in the 4th quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company’s stock worth $556,000 after acquiring an additional 722 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Mueller Water Products by 14.8% in the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 726 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Mueller Water Products by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company’s stock worth $366,000 after acquiring an additional 768 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MWA shares. StockNews.com lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Royal Bank of Canada raised their price objective on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.25.

Insider Buying and Selling at Mueller Water Products

In other news, Director Lydia W. Thomas sold 17,092 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of the sale, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. The trade was a 11.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total transaction of $275,294.36. Following the completion of the sale, the director now owns 7,376 shares of the company’s stock, valued at approximately $182,408.48. This represents a 60.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,600 shares of company stock valued at $914,076 in the last three months. Company insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Performance

Shares of NYSE MWA opened at $26.06 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. The company has a market cap of $4.08 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.43 and a beta of 1.24. The firm’s fifty day moving average is $25.65 and its two-hundred day moving average is $24.69. Mueller Water Products, Inc. has a 52-week low of $17.09 and a 52-week high of $28.58.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The business had revenue of $364.30 million during the quarter, compared to analysts’ expectations of $352.30 million. During the same period last year, the company posted $0.30 EPS. The business’s revenue was up 3.1% on a year-over-year basis. As a group, analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be given a $0.067 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.03%. Mueller Water Products’s dividend payout ratio (DPR) is 28.57%.

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.