Impact Investors Inc Invests $457,000 in Mueller Water Products, Inc. (NYSE:MWA)

Impact Investors Inc bought a new stake in Mueller Water Products, Inc. (NYSE:MWA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,324 shares of the industrial products company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Mueller Water Products by 369.1% in the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock worth $2,137,000 after acquiring an additional 77,467 shares during the last quarter. Barclays PLC raised its position in shares of Mueller Water Products by 361.6% during the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after acquiring an additional 208,502 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Mueller Water Products by 19.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company’s stock worth $8,467,000 after purchasing an additional 64,399 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Mueller Water Products during the 3rd quarter worth approximately $451,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Mueller Water Products by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 347,199 shares of the industrial products company’s stock worth $7,534,000 after purchasing an additional 77,772 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Mueller Water Products Stock Performance

NYSE:MWA opened at $25.12 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The firm has a market cap of $3.93 billion, a PE ratio of 29.20, a P/E/G ratio of 1.43 and a beta of 1.38. The firm has a 50 day simple moving average of $23.90 and a 200-day simple moving average of $22.95. Mueller Water Products, Inc. has a 1-year low of $14.81 and a 1-year high of $28.25.

Mueller Water Products (NYSE:MWA) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same period last year, the company earned $0.13 earnings per share. On average, equities analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is presently 30.23%.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, CAO Suzanne G. Smith sold 26,138 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $24.99, for a total transaction of $653,188.62. Following the completion of the transaction, the chief accounting officer now directly owns 9,378 shares of the company’s stock, valued at $234,356.22. This trade represents a 73.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Todd P. Helms sold 57,948 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $25.69, for a total value of $1,488,684.12. Following the completion of the sale, the senior vice president now directly owns 43,224 shares of the company’s stock, valued at approximately $1,110,424.56. This represents a 57.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MWA shares. Royal Bank of Canada lifted their price target on Mueller Water Products from $25.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Oppenheimer reaffirmed an “outperform” rating and set a $27.00 price target (up previously from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. The Goldman Sachs Group raised their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and an average target price of $25.80.

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.