Alan B Lancz & Associates Inc. Has $424,000 Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Alan B Lancz & Associates Inc. cut its position in Mueller Water Products, Inc. (NYSE:MWA) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,527 shares of the industrial products company’s stock after selling 1,100 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Mueller Water Products were worth $424,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Mueller Water Products in the 3rd quarter valued at about $26,000. Daiwa Securities Group Inc. bought a new position in Mueller Water Products during the first quarter worth about $46,000. Allspring Global Investments Holdings LLC acquired a new position in Mueller Water Products during the second quarter worth approximately $72,000. National Bank of Canada FI raised 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 valued at $83,000 after buying an additional 1,457 shares during the period. Finally, Quarry LP lifted its position in shares of Mueller Water Products by 341.0% in the second quarter. Quarry LP now owns 5,632 shares of the industrial products company’s stock valued at $101,000 after buying an additional 4,355 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Oppenheimer reissued an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a report on Friday. TD Cowen cut Mueller Water Products from a “buy” rating to a “hold” rating and lifted their price target for the stock from $19.00 to $20.00 in a report on Friday, August 9th. Royal Bank of Canada upped their price objective on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.20.

Mueller Water Products Trading Up 6.8 %

Shares of NYSE:MWA opened at $25.68 on Friday. The business’s 50 day simple moving average is $21.63 and its 200 day simple moving average is $19.81. Mueller Water Products, Inc. has a 1 year low of $12.59 and a 1 year high of $25.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.70 and a quick ratio of 2.31. The company has a market capitalization of $4.00 billion, a P/E ratio of 35.18, a P/E/G ratio of 1.41 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.03). 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 for the quarter, compared to analyst estimates of $324.80 million. During the same period last year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, research analysts anticipate that Mueller Water Products, Inc. will post 1.13 EPS for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th will be 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 1.04%. The ex-dividend date of this dividend is Friday, November 8th. Mueller Water Products’s dividend payout ratio (DPR) is currently 35.62%.

Insider Activity

In related news, insider J Scott Hall sold 102,025 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $19.54, for a total transaction of $1,993,568.50. Following the sale, the insider now owns 544,029 shares in the company, valued at approximately $10,630,326.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider J Scott Hall sold 102,025 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.54, for a total transaction of $1,993,568.50. Following the completion of the sale, the insider now directly owns 544,029 shares in the company, valued at $10,630,326.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Ortiz sold 8,800 shares of Mueller Water Products stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $19.94, for a total value of $175,472.00. Following the completion of the transaction, the director now owns 34,699 shares in the company, valued at approximately $691,898.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,616 shares of company stock worth $2,390,796. 1.40% of the stock is currently owned by corporate insiders.

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.