Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 35.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 402,731 shares of the industrial products company’s stock after selling 219,768 shares during the quarter. Trexquant Investment LP owned about 0.26% of Mueller Water Products worth $9,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in MWA. Millstone Evans Group LLC acquired a new stake in Mueller Water Products in the fourth quarter worth $63,000. R Squared Ltd acquired a new stake in shares of Mueller Water Products in the 4th quarter worth about $100,000. TD Private Client Wealth LLC lifted its position in Mueller Water Products by 468.1% in the 3rd 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 last quarter. Blue Trust Inc. boosted its stake in Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 726 shares during the period. Finally, National Bank of Canada FI grew its position in Mueller Water Products by 36.9% in the 3rd quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 1,757 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $26.08 on Thursday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. Mueller Water Products, Inc. has a 12 month low of $14.81 and a 12 month high of $28.58. The stock’s 50 day moving average price is $25.81 and its 200 day moving average price is $24.01.

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

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.067 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 annualized dividend and a dividend yield of 1.03%. Mueller Water Products’s dividend payout ratio is currently 30.23%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

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.