Capital Fund Management S.A. Takes $1.15 Million Position in Mueller Water Products, Inc. (NYSE:MWA)

Capital Fund Management S.A. purchased a new position in Mueller Water Products, Inc. (NYSE:MWA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,983 shares of the industrial products company’s stock, valued at approximately $1,147,000.

A number of other large investors also recently bought and sold shares of the business. State Street Corp increased its stake in shares of Mueller Water Products by 0.3% during the third quarter. State Street Corp now owns 3,931,662 shares of the industrial products company’s stock valued at $85,317,000 after purchasing an additional 12,438 shares in the last quarter. National Bank of Canada FI raised its stake in Mueller Water Products by 36.9% during the third quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company’s stock valued at $141,000 after buying an additional 1,757 shares during the last quarter. MML Investors Services LLC boosted its holdings in Mueller Water Products by 11.9% in the third quarter. MML Investors Services LLC now owns 20,524 shares of the industrial products company’s stock worth $445,000 after acquiring an additional 2,178 shares in the last quarter. Barclays PLC increased its holdings in shares of Mueller Water Products by 361.6% during the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock valued at $5,775,000 after acquiring an additional 208,502 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mueller Water Products by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,538,901 shares of the industrial products company’s stock worth $76,809,000 after purchasing an additional 73,069 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Stock Up 0.1 %

MWA opened at $24.85 on Wednesday. Mueller Water Products, Inc. has a twelve month low of $14.98 and a twelve month high of $28.58. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $25.84 and a 200-day moving average price of $24.22. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 1.43 and a beta of 1.26.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.13 EPS. Equities research analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products’s payout ratio is currently 30.23%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. StockNews.com downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Royal Bank of Canada increased their target price on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Mueller Water Products currently has a consensus rating of “Hold” and a consensus price target of $25.80.

Insider Transactions at Mueller Water Products

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

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.