Global Alpha Capital Management Ltd. Sells 18,800 Shares of Mueller Water Products $MWA

Global Alpha Capital Management Ltd. lessened its holdings in Mueller Water Products (NYSE:MWA) by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,249 shares of the industrial products company’s stock after selling 18,800 shares during the period. Global Alpha Capital Management Ltd. owned 0.06% of Mueller Water Products worth $2,242,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Mueller Water Products by 354.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company’s stock worth $8,107,000 after purchasing an additional 248,733 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Mueller Water Products during the first quarter valued at approximately $217,000. PNC Financial Services Group Inc. raised its stake in shares of Mueller Water Products by 430.1% during the first quarter. PNC Financial Services Group Inc. now owns 21,320 shares of the industrial products company’s stock worth $542,000 after acquiring an additional 17,298 shares in the last quarter. Horizon Investment Services LLC raised its stake in shares of Mueller Water Products by 76.6% during the first quarter. Horizon Investment Services LLC now owns 62,108 shares of the industrial products company’s stock worth $1,579,000 after acquiring an additional 26,932 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Mueller Water Products by 16.8% in the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock worth $503,201,000 after acquiring an additional 2,840,895 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian C. Healy bought 1,070 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of $25.78 per share, with a total value of $27,584.60. Following the completion of the purchase, the director owned 16,800 shares in the company, valued at approximately $433,104. The trade was a 6.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Hansen sold 24,005 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the transaction, the director owned 86,163 shares of the company’s stock, valued at $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 34,664 shares of company stock valued at $909,819. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $29.00.

Mueller Water Products Stock Down 3.9%

Shares of NYSE MWA opened at $24.05 on Friday. The firm has a fifty day simple moving average of $25.55 and a two-hundred day simple moving average of $25.26. Mueller Water Products has a 12 month low of $21.35 and a 12 month high of $28.58. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $3.76 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $237.40 million during the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. Equities analysts expect that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, November 10th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. The ex-dividend date is Monday, November 10th. Mueller Water Products’s dividend payout ratio is currently 29.79%.

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.