Cookson Peirce & Co. Inc. Boosts Stake in MUELLER WATER PRODUCTS $MWA

Cookson Peirce & Co. Inc. lifted its position in MUELLER WATER PRODUCTS (NYSE:MWA) by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,120 shares of the industrial products company’s stock after buying an additional 3,488 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in MUELLER WATER PRODUCTS were worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cullen Frost Bankers Inc. boosted its position in shares of MUELLER WATER PRODUCTS by 112.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 685 shares during the period. Olde Wealth Management LLC purchased a new position in MUELLER WATER PRODUCTS in the 1st quarter valued at approximately $42,000. Nisa Investment Advisors LLC increased its stake in MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,104 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in MUELLER WATER PRODUCTS by 177.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,686 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in MUELLER WATER PRODUCTS during the 1st quarter valued at $73,000. 91.68% of the stock is owned by institutional investors and hedge funds.

MUELLER WATER PRODUCTS Trading Down 1.2%

NYSE MWA opened at $25.54 on Thursday. The stock has a 50 day moving average of $25.79 and a 200-day moving average of $25.15. MUELLER WATER PRODUCTS has a 12 month low of $21.35 and a 12 month high of $28.58. The company has a market cap of $3.99 billion, a PE ratio of 27.17, a PEG ratio of 1.21 and a beta of 1.18. 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 announced its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. MUELLER WATER PRODUCTS had a return on equity of 20.89% and a net margin of 10.67%.The business had revenue of $237.40 million during the quarter. On average, equities research analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS’s payout ratio is 28.72%.

Wall Street Analyst Weigh In

MWA has been the topic of several research reports. Wall Street Zen raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Weiss Ratings reissued a “buy (b)” rating on shares of MUELLER WATER PRODUCTS in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, MUELLER WATER PRODUCTS presently has an average rating of “Moderate Buy” and an average price target of $28.33.

Insider Buying and Selling

In other news, CAO Suzanne G. Smith sold 8,621 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $26.37, for a total transaction of $227,335.77. Following the transaction, the chief accounting officer directly owned 761 shares of the company’s stock, valued at $20,067.57. This represents a 91.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian C. Healy bought 1,070 shares of the stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Insiders have 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 owned by company insiders.

About MUELLER WATER PRODUCTS

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.