UMB Bank N A MO Grows Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

UMB Bank N A MO lifted its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 17.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,822 shares of the industrial products company’s stock after purchasing an additional 3,081 shares during the period. UMB Bank N A MO’s holdings in Mueller Water Products were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MWA. Gamco Investors INC. ET AL lifted its position in Mueller Water Products by 5.9% during the first quarter. Gamco Investors INC. ET AL now owns 6,015,608 shares of the industrial products company’s stock valued at $60,397,000 after acquiring an additional 337,316 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Mueller Water Products by 69.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,175,379 shares of the industrial products company’s stock valued at $21,840,000 after acquiring an additional 888,715 shares during the last quarter. Speece Thorson Capital Group Inc. lifted its position in Mueller Water Products by 62.2% during the second quarter. Speece Thorson Capital Group Inc. now owns 1,755,554 shares of the industrial products company’s stock valued at $17,240,000 after acquiring an additional 673,350 shares during the last quarter. Geode Capital Management LLC increased its stake in Mueller Water Products by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,644,458 shares of the industrial products company’s stock valued at $14,964,000 after purchasing an additional 96,754 shares in the last quarter. Finally, Crawford Investment Counsel Inc. increased its stake in Mueller Water Products by 14.4% during the 1st quarter. Crawford Investment Counsel Inc. now owns 1,336,422 shares of the industrial products company’s stock valued at $13,418,000 after purchasing an additional 168,670 shares in the last quarter. 86.22% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on MWA. Zacks Investment Research upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Goldman Sachs Group lowered shares of Mueller Water Products from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $10.00 to $8.00 in a research note on Wednesday, June 26th. Boenning Scattergood upgraded shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 6th. ValuEngine lowered shares of Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. Finally, Seaport Global Securities set a $12.00 price objective on shares of Mueller Water Products and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.00.

Shares of NYSE:MWA traded down $0.24 during midday trading on Wednesday, reaching $10.02. The company’s stock had a trading volume of 27,029 shares, compared to its average volume of 923,841. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.08 and a beta of 1.14. Mueller Water Products, Inc. has a twelve month low of $8.47 and a twelve month high of $12.17. The firm has a fifty day moving average price of $9.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.15 and a quick ratio of 2.00.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $274.30 million for the quarter, compared to analyst estimates of $274.96 million. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. Equities analysts predict that Mueller Water Products, Inc. will post 0.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Friday, August 9th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.21 annualized dividend and a yield of 2.08%. Mueller Water Products’s dividend payout ratio is presently 39.62%.

In other news, Director Arsdell Stephen C. Van purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now owns 32,000 shares in the company, valued at $323,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shirley C. Franklin sold 6,700 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $9.55, for a total transaction of $63,985.00. Following the sale, the director now owns 52,892 shares in the company, valued at approximately $505,118.60. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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

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