Harvest Fund Management Co. Ltd Has $687,000 Stock Holdings in Mueller Water Products (NYSE:MWA)

Harvest Fund Management Co. Ltd grew its holdings in Mueller Water Products (NYSE:MWA) by 58.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,012 shares of the industrial products company’s stock after purchasing an additional 9,982 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Mueller Water Products were worth $687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MWA. Optiver Holding B.V. bought a new position in shares of Mueller Water Products in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC increased its stake in shares of 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 purchasing an additional 1,113 shares during the last quarter. Byrne Asset Management LLC increased its stake 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 valued at $40,000 after purchasing an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of Mueller Water Products in the 1st quarter valued at $42,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 1,104 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $26.25.

Insiders Place Their Bets

In related news, Director Brian Slobodow sold 7,376 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian C. Healy bought 1,110 shares of the business’s stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $24.74 per share, for a total transaction of $27,461.40. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Mueller Water Products Trading Down 1.1%

Shares of MWA stock opened at $24.38 on Thursday. The firm has a market capitalization of $3.82 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.34 and a beta of 1.18. Mueller Water Products has a twelve month low of $18.55 and a twelve month high of $28.58. The company has a quick ratio of 2.49, a current ratio of 3.79 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $24.43 and its 200 day simple moving average is $24.99.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $364.30 million for the quarter, compared to analyst estimates of $352.30 million. Mueller Water Products had a return on equity of 21.31% and a net margin of 10.48%. Mueller Water Products’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.10%. 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.