Insight 2811 Inc. Lowers Stock Position in Mueller Water Products, Inc. (NYSE:MWA)

Insight 2811 Inc. decreased its position in Mueller Water Products, Inc. (NYSE:MWA) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,401 shares of the industrial products company’s stock after selling 707 shares during the period. Insight 2811 Inc.’s holdings in Mueller Water Products were worth $212,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MWA. Millstone Evans Group LLC purchased a new position in shares of Mueller Water Products in the 4th quarter valued at about $63,000. R Squared Ltd purchased a new position in Mueller Water Products during the fourth quarter worth approximately $100,000. TD Private Client Wealth LLC grew its holdings in Mueller Water Products by 468.1% in the third quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 4,456 shares during the period. Blue Trust Inc. increased its position in shares of Mueller Water Products by 14.8% in the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after buying an additional 726 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Mueller Water Products during the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Stock Up 3.4 %

NYSE MWA opened at $27.76 on Tuesday. The business has a fifty day moving average price of $25.39 and a 200 day moving average price of $23.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. The company has a market cap of $4.35 billion, a P/E ratio of 32.27, a P/E/G ratio of 1.43 and a beta of 1.39. Mueller Water Products, Inc. has a one year low of $14.81 and a one year high of $28.58.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period in the previous year, the business earned $0.13 earnings per share. Research analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is 30.23%.

Insider Transactions at Mueller Water Products

In other news, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total transaction of $457,552.84. Following the transaction, the director now owns 126,689 shares in the company, valued at $3,391,464.53. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total transaction of $275,294.36. Following the transaction, the director now directly owns 7,376 shares in the company, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

MWA has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Royal Bank of Canada boosted their target price on shares of Mueller Water Products from $25.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.80.

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.