Versor Investments LP Has $1.14 Million Position in Mueller Water Products, Inc. (NYSE:MWA)

Versor Investments LP boosted its stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 71.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,727 shares of the industrial products company's stock after purchasing an additional 21,927 shares during the quarter. Versor Investments LP's holdings in Mueller Water Products were worth $1,144,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MWA. Pinnacle Associates Ltd. lifted its position in Mueller Water Products by 0.3% during the third quarter. Pinnacle Associates Ltd. now owns 162,750 shares of the industrial products company's stock valued at $3,532,000 after buying an additional 500 shares in the last quarter. Diversified Trust Co grew its stake in shares of Mueller Water Products by 3.1% in the third quarter. Diversified Trust Co now owns 19,936 shares of the industrial products company's stock valued at $433,000 after buying an additional 607 shares in the last quarter. Arizona State Retirement System lifted its position in Mueller Water Products by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 43,722 shares of the industrial products company's stock worth $783,000 after acquiring an additional 819 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Mueller Water Products in the 3rd quarter worth approximately $26,000. Finally, Creative Planning grew its position in Mueller Water Products by 6.3% in the third quarter. Creative Planning now owns 23,767 shares of the industrial products company's stock valued at $516,000 after acquiring an additional 1,405 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock traded down $0.83 during midday trading on Tuesday, hitting $25.14. The company had a trading volume of 1,444,294 shares, compared to its average volume of 1,258,916. The business's 50 day simple moving average is $21.63 and its two-hundred day simple moving average is $19.83. The stock has a market cap of $3.92 billion, a PE ratio of 35.60, a P/E/G ratio of 1.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31. Mueller Water Products, Inc. has a 1-year low of $12.76 and a 1-year high of $26.28.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Mueller Water Products had a return on equity of 19.71% and a net margin of 8.82%. The company had revenue of $348.20 million during the quarter, compared to analysts' expectations of $324.80 million. During the same period last year, the business earned $0.19 earnings per share. The business's revenue was up 15.5% on a year-over-year basis. As a group, equities analysts predict that Mueller Water Products, Inc. will post 1.13 EPS 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 given a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.07%. This is a positive change from Mueller Water Products's previous quarterly dividend of $0.06. The ex-dividend date is Friday, November 8th. Mueller Water Products's dividend payout ratio (DPR) is presently 35.62%.

Insider Buying and Selling

In other news, Director Christine Ortiz sold 8,800 shares of the firm's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $19.94, for a total transaction of $175,472.00. Following the sale, the director now owns 34,699 shares of the company's stock, valued at $691,898.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Christine Ortiz sold 8,800 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total transaction of $175,472.00. Following the completion of the transaction, the director now directly owns 34,699 shares of the company's stock, valued at $691,898.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Hansen sold 10,791 shares of Mueller Water Products stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.55, for a total transaction of $221,755.05. Following the completion of the sale, the director now owns 102,792 shares in the company, valued at $2,112,375.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com downgraded Mueller Water Products from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted 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. Oppenheimer reiterated an "outperform" rating and set a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a research note on Friday. Finally, TD Cowen lowered shares of Mueller Water Products from a "buy" rating to a "hold" rating and upped their target price for the company from $19.00 to $20.00 in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Mueller Water Products presently has an average rating of "Hold" and a consensus target price of $22.20.

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.