Xponance Inc. Has $298,000 Holdings in MUELLER WATER PRODUCTS (NYSE:MWA)

Xponance Inc. increased its holdings in MUELLER WATER PRODUCTS (NYSE:MWA) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,726 shares of the industrial products company’s stock after acquiring an additional 660 shares during the period. Xponance Inc.’s holdings in MUELLER WATER PRODUCTS were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. acquired a new stake in shares of MUELLER WATER PRODUCTS in the 4th quarter worth about $29,000. Byrne Asset Management LLC raised its holdings in shares of MUELLER WATER PRODUCTS by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new stake in MUELLER WATER PRODUCTS in the 1st quarter worth about $42,000. Nisa Investment Advisors LLC increased its stake in MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,104 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in MUELLER WATER PRODUCTS by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,113 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.25.

Insider Buying and Selling

In other news, Director Brian Slobodow sold 7,376 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total transaction of $181,228.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian C. Healy bought 1,110 shares of MUELLER WATER PRODUCTS stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the transaction, the director directly owned 15,730 shares in the company, valued at approximately $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

MUELLER WATER PRODUCTS Trading Down 0.7%

NYSE:MWA opened at $25.19 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.79. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.38 and a beta of 1.18. MUELLER WATER PRODUCTS has a 52 week low of $18.55 and a 52 week high of $28.58. The firm has a 50-day moving average price of $24.54 and a two-hundred day moving average price of $24.85.

MUELLER WATER PRODUCTS (NYSE:MWA) last released its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. MUELLER WATER PRODUCTS had a net margin of 10.48% and a return on equity of 21.31%. The firm had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same period in the prior year, the firm earned $0.30 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts expect that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, May 12th. MUELLER WATER PRODUCTS’s dividend payout ratio is currently 29.67%.

About MUELLER WATER PRODUCTS

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.