Magnetar Financial LLC purchased a new position in shares of Mueller Water Products (NYSE:MWA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,028 shares of the industrial products company’s stock, valued at approximately $192,000.
Other hedge funds have also made changes to their positions in the company. Colony Group LLC acquired a new position in Mueller Water Products during the 2nd quarter worth $135,000. Teacher Retirement System of Texas lifted its holdings in shares of Mueller Water Products by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after buying an additional 191 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Mueller Water Products by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after buying an additional 266 shares during the period. BB&T Securities LLC lifted its holdings in shares of Mueller Water Products by 54.9% in the second quarter. BB&T Securities LLC now owns 18,784 shares of the industrial products company’s stock valued at $219,000 after buying an additional 6,661 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Mueller Water Products in the second quarter valued at $223,000. Institutional investors own 84.31% of the company’s stock.
In other news, insider Gregory E. Hyland sold 84,514 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $12.27, for a total transaction of $1,036,986.78. Following the completion of the sale, the insider now directly owns 979,481 shares of the company’s stock, valued at $12,018,231.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Evan Hart sold 167,016 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.11, for a total value of $2,022,563.76. Following the sale, the chief financial officer now directly owns 355,862 shares of the company’s stock, valued at $4,309,488.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 693,656 shares of company stock valued at $8,514,160. 4.30% of the stock is currently owned by company insiders.
Shares of Mueller Water Products (NYSE MWA) opened at $12.70 on Monday. Mueller Water Products has a twelve month low of $10.84 and a twelve month high of $14.02. The firm has a market capitalization of $2,008.18, a price-to-earnings ratio of 29.55, a PEG ratio of 1.60 and a beta of 1.33. The company has a quick ratio of 3.75, a current ratio of 4.73 and a debt-to-equity ratio of 0.97.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. During the same period in the prior year, the business posted $0.17 earnings per share. Mueller Water Products’s revenue was up 5.2% compared to the same quarter last year. analysts forecast that Mueller Water Products will post 0.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s dividend payout ratio is 21.05%.
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Mueller Water Products Company Profile
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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