Arjuna Capital Has $1.08 Million Stock Position in Mueller Water Products $MWA

Arjuna Capital lessened its stake in Mueller Water Products (NYSE:MWA) by 4.7% in the second quarter, Holdings Channel reports. The firm owned 45,031 shares of the industrial products company’s stock after selling 2,231 shares during the quarter. Arjuna Capital’s holdings in Mueller Water Products were worth $1,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MWA. Vanguard Group Inc. increased its holdings in 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 valued at $503,201,000 after buying an additional 2,840,895 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Mueller Water Products by 66.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company’s stock worth $137,296,000 after acquiring an additional 2,152,096 shares in the last quarter. Invesco Ltd. increased its stake in Mueller Water Products by 21.6% in the first quarter. Invesco Ltd. now owns 4,880,108 shares of the industrial products company’s stock valued at $124,052,000 after acquiring an additional 865,977 shares during the last quarter. Geode Capital Management LLC raised its position in Mueller Water Products by 21.8% during the second quarter. Geode Capital Management LLC now owns 4,449,896 shares of the industrial products company’s stock valued at $106,987,000 after purchasing an additional 796,596 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Mueller Water Products by 14.3% during the second quarter. American Century Companies Inc. now owns 2,788,564 shares of the industrial products company’s stock valued at $67,037,000 after purchasing an additional 348,048 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Insider Activity at Mueller Water Products

In other news, Director Brian C. Healy purchased 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 of the company’s stock, valued at $433,104. This trade represents a 6.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock opened at $24.07 on Tuesday. The company’s 50 day moving average price is $24.89 and its two-hundred day moving average price is $25.02. The firm has a market capitalization of $3.76 billion, a P/E ratio of 25.61, a P/E/G ratio of 1.21 and a beta of 1.18. Mueller Water Products has a fifty-two week low of $21.35 and a fifty-two week high of $28.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56.

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

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were given a $0.07 dividend. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, November 10th. Mueller Water Products’s dividend payout ratio is 23.14%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.00.

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.