20,761 Shares in Mueller Water Products, Inc. (NYSE:MWA) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,761 shares of the industrial products company's stock, valued at approximately $451,000.

A number of other institutional investors also recently modified their holdings of the business. Gabelli Funds LLC grew its position in Mueller Water Products by 3.7% during the first quarter. Gabelli Funds LLC now owns 757,810 shares of the industrial products company's stock valued at $12,193,000 after buying an additional 27,000 shares during the period. Assenagon Asset Management S.A. grew its position in Mueller Water Products by 194.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,033,939 shares of the industrial products company's stock worth $18,528,000 after acquiring an additional 682,740 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mueller Water Products by 13.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 694,469 shares of the industrial products company's stock worth $11,175,000 after buying an additional 83,567 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Mueller Water Products by 19.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 191,210 shares of the industrial products company's stock valued at $3,077,000 after acquiring an additional 31,739 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Mueller Water Products in the 2nd quarter worth approximately $3,077,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Mueller Water Products Stock Down 0.5 %

Shares of Mueller Water Products stock traded down $0.11 during trading on Friday, hitting $24.31. 874,372 shares of the stock traded hands, compared to its average volume of 1,254,987. The stock's fifty day simple moving average is $22.09 and its 200 day simple moving average is $20.09. The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3.79 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Mueller Water Products, Inc. has a 52-week low of $13.08 and a 52-week high of $26.28.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Mueller Water Products had a return on equity of 19.71% and a net margin of 8.82%. The firm had revenue of $348.20 million for the quarter, compared to the consensus estimate of $324.80 million. During the same period in the prior year, the firm earned $0.19 EPS. The firm's revenue was up 15.5% on a year-over-year basis. On average, equities analysts predict that Mueller Water Products, Inc. will post 1.17 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be paid a $0.067 dividend. This is an increase from Mueller Water Products's previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, November 8th. Mueller Water Products's dividend payout ratio is currently 36.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MWA shares. Royal Bank of Canada upped their price target on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 7th. TD Cowen lowered Mueller Water Products from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $19.00 to $20.00 in a report on Friday, August 9th. Oppenheimer restated an "outperform" rating and set a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Finally, StockNews.com downgraded Mueller Water Products from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.20.

Insider Transactions at Mueller Water Products

In other news, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the completion of the transaction, the director now owns 102,792 shares in the company, valued at approximately $2,112,375.60. This trade represents a 9.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

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.