National Bank of Canada FI Has $141,000 Stake in Mueller Water Products, Inc. (NYSE:MWA)

National Bank of Canada FI grew its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 36.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,514 shares of the industrial products company’s stock after acquiring an additional 1,757 shares during the period. National Bank of Canada FI’s holdings in Mueller Water Products were worth $141,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in Mueller Water Products by 369.1% during the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock worth $2,137,000 after purchasing an additional 77,467 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Mueller Water Products during the 3rd quarter worth approximately $451,000. Victory Capital Management Inc. increased its stake in shares of Mueller Water Products by 399.0% in the 2nd quarter. Victory Capital Management Inc. now owns 2,962,757 shares of the industrial products company’s stock valued at $53,093,000 after acquiring an additional 2,369,055 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Mueller Water Products during the 2nd quarter valued at $13,031,000. Finally, Mesirow Institutional Investment Management Inc. bought a new position in Mueller Water Products during the second quarter worth $14,040,000. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Stock Up 0.9 %

Shares of NYSE MWA opened at $24.53 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.33 and a quick ratio of 2.16. Mueller Water Products, Inc. has a 1 year low of $13.49 and a 1 year high of $26.28. The stock has a market capitalization of $3.83 billion, a P/E ratio of 33.60, a P/E/G ratio of 1.41 and a beta of 1.37. The company has a 50-day moving average price of $23.76 and a 200-day moving average price of $21.06.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The firm had revenue of $348.20 million during the quarter, compared to analyst estimates of $324.80 million. During the same period in the previous year, the company posted $0.19 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts forecast that Mueller Water Products, Inc. will post 1.17 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were issued a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.09%. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, November 8th. Mueller Water Products’s payout ratio is currently 35.62%.

Insider Transactions at Mueller Water Products

In related news, Director Lydia W. Thomas sold 10,791 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $24.40, for a total value of $263,300.40. Following the transaction, the director now directly owns 136,405 shares of the company’s stock, valued at approximately $3,328,282. The trade was a 7.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Suzanne G. Smith sold 26,138 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $24.99, for a total transaction of $653,188.62. Following the sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders sold a total of 98,433 shares of company stock worth $2,494,144 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MWA has been the subject of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.20.

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.