Dark Forest Capital Management LP Has $2.86 Million Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Dark Forest Capital Management LP trimmed its holdings in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,181 shares of the industrial products company's stock after selling 69,406 shares during the period. Dark Forest Capital Management LP owned 0.08% of Mueller Water Products worth $2,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Mueller Water Products by 361.6% in the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock valued at $5,775,000 after purchasing an additional 208,502 shares during the last quarter. Principal Financial Group Inc. grew its stake in Mueller Water Products by 369.1% in the 3rd quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company's stock worth $2,137,000 after acquiring an additional 77,467 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Mueller Water Products by 7.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock valued at $15,696,000 after acquiring an additional 50,119 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its stake in shares of Mueller Water Products by 57.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock worth $718,000 after purchasing an additional 11,711 shares during the period. Finally, Alberta Investment Management Corp boosted its holdings in shares of Mueller Water Products by 12.4% during the fourth quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company's stock worth $4,494,000 after purchasing an additional 22,045 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mueller Water Products

In related news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 126,689 shares of the company's stock, valued at $3,391,464.53. This represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 7,376 shares of the company's stock, valued at $182,408.48. This trade represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on MWA shares. The Goldman Sachs Group raised their price target on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada lifted their target price 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. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $25.80.

Mueller Water Products Stock Down 1.3 %

Mueller Water Products stock traded down $0.33 during midday trading on Monday, hitting $25.87. 229,410 shares of the company were exchanged, compared to its average volume of 2,182,178. The company has a market cap of $4.05 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Mueller Water Products, Inc. has a fifty-two week low of $15.84 and a fifty-two week high of $28.58. The company's fifty day moving average price is $25.60 and its 200-day moving average price is $24.43. 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 (NYSE:MWA - Get Free Report) last announced its 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 net margin of 10.05% and a return on equity of 21.18%. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, research analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

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.