Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 90.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,201 shares of the industrial products company’s stock after selling 463,693 shares during the period. Victory Capital Management Inc.’s holdings in Mueller Water Products were worth $718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Mueller Water Products by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 14,481,353 shares of the industrial products company’s stock valued at $208,821,000 after acquiring an additional 165,793 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Mueller Water Products by 5.1% during the 2nd quarter. Franklin Resources Inc. now owns 7,644,934 shares of the industrial products company’s stock worth $110,240,000 after buying an additional 367,750 shares in the last quarter. State Street Corp raised its stake in shares of Mueller Water Products by 2.3% during the 2nd quarter. State Street Corp now owns 3,362,419 shares of the industrial products company’s stock worth $48,486,000 after buying an additional 75,276 shares in the last quarter. Amundi purchased a new position in shares of Mueller Water Products during the 2nd quarter worth approximately $42,001,000. Finally, Geode Capital Management LLC raised its stake in shares of Mueller Water Products by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,614,228 shares of the industrial products company’s stock worth $37,697,000 after buying an additional 99,974 shares in the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Shirley C. Franklin sold 5,111 shares of the firm’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $16.43, for a total transaction of $83,973.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Several research firms recently weighed in on MWA. Boenning Scattergood downgraded Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Tuesday, November 9th. Oppenheimer downgraded Mueller Water Products from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 10th. Finally, Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.50.

Shares of NYSE:MWA opened at $13.34 on Friday. The business’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $14.98. The stock has a market cap of $2.11 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.13 and a current ratio of 2.97. Mueller Water Products, Inc. has a one year low of $11.77 and a one year high of $17.37.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, November 8th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). Mueller Water Products had a return on equity of 13.16% and a net margin of 6.34%. The business had revenue of $295.60 million for the quarter, compared to analyst estimates of $296.21 million. During the same quarter last year, the business earned $0.17 EPS. Mueller Water Products’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Mueller Water Products, Inc. will post 0.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 22nd. Stockholders of record on Wednesday, November 10th were issued a dividend of $0.058 per share. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 9th. This represents a $0.23 annualized dividend and a dividend yield of 1.74%. Mueller Water Products’s dividend payout ratio (DPR) is 51.11%.

About Mueller Water Products

Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution and measurement of water. It operates though the following segments: Infrastructure, and Technologies. The Infrastructure segment involves in the manufacture of valves for water and gas systems including butterfly, iron gate, tapping, check, knife, plug and ball valves, and dry-barrel and wet-barrel fire hydrants.

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Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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