Charles Schwab Investment Management Inc. Has $42.20 Million Stake in Mueller Water Products, Inc. (NYSE:MWA)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,944,715 shares of the industrial products company's stock after purchasing an additional 37,729 shares during the period. Charles Schwab Investment Management Inc. owned about 1.25% of Mueller Water Products worth $42,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MWA. V Square Quantitative Management LLC acquired a new position in shares of Mueller Water Products in the 3rd quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Mueller Water Products during the 2nd quarter valued at approximately $72,000. National Bank of Canada FI grew its stake in Mueller Water Products by 44.2% in the second quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company's stock worth $83,000 after purchasing an additional 1,457 shares in the last quarter. Blue Trust Inc. lifted its holdings in Mueller Water Products by 434.6% in the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company's stock worth $106,000 after acquiring an additional 3,977 shares during the last quarter. Finally, Quarry LP increased its position in Mueller Water Products by 341.0% in the second quarter. Quarry LP now owns 5,632 shares of the industrial products company's stock worth $101,000 after buying an additional 4,355 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Insider Buying and Selling at Mueller Water Products

In related news, Director Lydia W. Thomas sold 10,791 shares of Mueller Water Products stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.40, for a total transaction of $263,300.40. Following the transaction, the director now owns 136,405 shares of the company's stock, valued at $3,328,282. This trade represents a 7.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Todd P. Helms sold 3,556 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.02, for a total transaction of $88,971.12. Following the completion of the sale, the senior vice president now directly owns 38,683 shares of the company's stock, valued at $967,848.66. The trade was a 8.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Mueller Water Products Price Performance

MWA stock traded up $0.55 during midday trading on Monday, reaching $25.59. 1,124,356 shares of the company's stock traded hands, compared to its average volume of 1,251,121. The company has a 50-day simple moving average of $23.12 and a two-hundred day simple moving average of $20.67. Mueller Water Products, Inc. has a 1-year low of $13.40 and a 1-year high of $26.28. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.42 and a beta of 1.34.

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 for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $348.20 million during the quarter, compared to the consensus estimate of $324.80 million. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The firm's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. On average, analysts anticipate that Mueller Water Products, Inc. will post 1.17 earnings per share for the current year.

Mueller Water Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were issued a $0.067 dividend. This is a positive change from Mueller Water Products's previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, November 8th. Mueller Water Products's dividend payout ratio is currently 36.99%.

Analyst Ratings Changes

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