Algert Global LLC Boosts Position in Mueller Water Products, Inc. (NYSE:MWA)

Algert Global LLC boosted its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 31.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 705,223 shares of the industrial products company's stock after acquiring an additional 167,657 shares during the quarter. Mueller Water Products comprises about 0.4% of Algert Global LLC's investment portfolio, making the stock its 23rd biggest position. Algert Global LLC owned 0.45% of Mueller Water Products worth $15,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. bought a new position in Mueller Water Products during the fourth quarter valued at $29,000. Tower Research Capital LLC TRC lifted its stake in Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after purchasing an additional 1,113 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Mueller Water Products in the fourth quarter worth about $63,000. R Squared Ltd bought a new position in shares of Mueller Water Products during the fourth quarter valued at approximately $100,000. Finally, Blue Trust Inc. grew its stake in shares of Mueller Water Products by 14.8% during 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 during the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

Mueller Water Products Stock Down 0.3 %

Shares of Mueller Water Products stock traded down $0.08 during trading on Friday, hitting $24.66. 827,152 shares of the stock traded hands, compared to its average volume of 2,188,127. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock's fifty day simple moving average is $25.65 and its 200 day simple moving average is $24.61. The firm has a market cap of $3.86 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. Mueller Water Products, Inc. has a 52-week low of $17.09 and a 52-week high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The business had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company's quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 12th will be paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, May 12th. Mueller Water Products's dividend payout ratio (DPR) is currently 30.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. The Goldman Sachs Group upped their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.25.

Insider Buying and Selling

In other 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 transaction of $457,552.84. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Slobodow sold 7,376 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The disclosure for this sale can be found here. Insiders sold 35,600 shares of company stock worth $914,076 in the last three months. 1.10% of the stock is owned by insiders.

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.