Impact Investors Inc Invests $457,000 in Mueller Water Products, Inc. (NYSE:MWA)

Impact Investors Inc bought a new stake in Mueller Water Products, Inc. (NYSE:MWA) during the 4th quarter, HoldingsChannel reports. The fund bought 20,324 shares of the industrial products company’s stock, valued at approximately $457,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Mueller Water Products during the fourth quarter valued at approximately $100,000. Blue Trust Inc. lifted its stake in Mueller Water Products by 434.6% during the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,977 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Mueller Water Products by 468.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 4,456 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Mueller Water Products during the fourth quarter worth $146,000. Finally, National Bank of Canada FI boosted its position in shares of Mueller Water Products by 36.9% in the 3rd quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 1,757 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MWA. The Goldman Sachs Group boosted their target price 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. Oppenheimer reiterated an “outperform” rating and issued a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on Mueller Water Products from $25.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Mueller Water Products currently has an average rating of “Hold” and an average price target of $25.80.

Insiders Place Their Bets

In other news, CAO Suzanne G. Smith sold 26,138 shares of Mueller Water Products stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $24.99, for a total transaction of $653,188.62. Following the transaction, the chief accounting officer now owns 9,378 shares in the company, valued at $234,356.22. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Todd P. Helms sold 57,948 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $25.69, for a total transaction of $1,488,684.12. Following the completion of the transaction, the senior vice president now owns 43,224 shares of the company’s stock, valued at $1,110,424.56. This trade represents a 57.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Performance

Shares of NYSE:MWA opened at $25.12 on Wednesday. The business has a fifty day moving average of $23.90 and a 200-day moving average of $22.95. The firm has a market cap of $3.93 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. Mueller Water Products, Inc. has a twelve month low of $14.81 and a twelve month high of $28.25.

Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities research analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a $0.067 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.27 annualized dividend and a dividend yield of 1.07%. Mueller Water Products’s dividend payout ratio is currently 30.23%.

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.