Creative Financial Designs Inc. ADV Increases Position in Mueller Water Products $MWA

Creative Financial Designs Inc. ADV grew its holdings in Mueller Water Products (NYSE:MWA) by 355.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,842 shares of the industrial products company’s stock after buying an additional 2,218 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Mueller Water Products were worth $68,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Mueller Water Products by 354.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company’s stock worth $8,107,000 after buying an additional 248,733 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Mueller Water Products during the 1st quarter worth approximately $217,000. Amalgamated Bank raised its stake in shares of Mueller Water Products by 741.2% during the 1st quarter. Amalgamated Bank now owns 44,567 shares of the industrial products company’s stock worth $1,133,000 after buying an additional 39,269 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Mueller Water Products by 430.1% in 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. Finally, Horizon Investment Services LLC raised its position in Mueller Water Products by 76.6% in 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. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MWA. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mueller Water Products in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Mueller Water Products presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Insider Buying and Selling

In related news, Director Thomas J. Hansen sold 24,005 shares of Mueller Water Products stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $26.15, for a total transaction of $627,730.75. Following the completion of the sale, the director owned 86,163 shares in the company, valued at approximately $2,253,162.45. This trade represents a 21.79% 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 C. Healy acquired 1,070 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average price of $25.78 per share, with a total value of $27,584.60. Following the transaction, the director owned 16,800 shares in the company, valued at $433,104. This represents a 6.80% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 34,664 shares of company stock worth $909,819. 1.10% of the stock is owned by corporate insiders.

Mueller Water Products Trading Down 0.0%

Shares of MWA opened at $25.66 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The firm has a 50 day simple moving average of $25.68 and a 200-day simple moving average of $25.25. Mueller Water Products has a 1-year low of $21.35 and a 1-year high of $28.58. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The business 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 forecast that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, November 10th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, November 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. Mueller Water Products’s dividend payout ratio (DPR) is 29.79%.

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.