Aigen Investment Management LP Makes New $451,000 Investment in Mueller Water Products, Inc. (NYSE:MWA)

Aigen Investment Management LP acquired a new stake in Mueller Water Products, Inc. (NYSE:MWA) in the 3rd quarter, according to the company in its most recent filing with the Securities and 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 and hedge funds have also made changes to their positions in the stock. Pinnacle Associates Ltd. lifted its stake in Mueller Water Products by 0.3% in the third quarter. Pinnacle Associates Ltd. now owns 162,750 shares of the industrial products company’s stock worth $3,532,000 after acquiring an additional 500 shares during the last quarter. Diversified Trust Co lifted its position in shares of Mueller Water Products by 3.1% during the 3rd quarter. Diversified Trust Co now owns 19,936 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 607 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Mueller Water Products by 1.9% during the second quarter. Arizona State Retirement System now owns 43,722 shares of the industrial products company’s stock worth $783,000 after purchasing an additional 819 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Mueller Water Products in the third quarter valued at $26,000. Finally, Creative Planning raised its stake 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 buying an additional 1,405 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. TD Cowen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating and increased their target price for the company from $19.00 to $20.00 in a research report on Friday, August 9th. Finally, Oppenheimer reissued an “outperform” rating and issued a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. 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 a consensus price target of $22.20.

Insider Buying and Selling

In other news, Director Thomas J. Hansen sold 10,791 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $20.55, for a total value of $221,755.05. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Mueller Water Products Stock Down 2.4 %

Shares of NYSE:MWA opened at $24.42 on Friday. Mueller Water Products, Inc. has a 1-year low of $13.08 and a 1-year high of $26.28. 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 stock has a market cap of $3.80 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.44 and a beta of 1.34. The firm has a fifty day moving average price of $21.91 and a 200 day moving average price of $20.00.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $348.20 million during the quarter, compared to the consensus estimate of $324.80 million. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.71%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Sell-side analysts predict that Mueller Water Products, Inc. will post 1.16 EPS for the current year.

Mueller Water Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. Mueller Water Products’s dividend payout ratio is 36.99%.

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.