111 Capital Buys New Stake in Mueller Water Products, Inc. (NYSE:MWA)

111 Capital acquired a new stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,946 shares of the industrial products company's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Mueller Water Products by 2,962.3% during the fourth quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock worth $67,838,000 after purchasing an additional 2,916,552 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Mueller Water Products by 79.7% during the fourth quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock worth $90,318,000 after buying an additional 1,780,366 shares during the period. Norges Bank purchased a new position in shares of Mueller Water Products during the fourth quarter worth about $20,996,000. Ameriprise Financial Inc. grew its holdings in shares of Mueller Water Products by 49.4% during the fourth quarter. Ameriprise Financial Inc. now owns 2,688,962 shares of the industrial products company's stock worth $60,502,000 after buying an additional 888,591 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Mueller Water Products by 514.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 970,055 shares of the industrial products company's stock valued at $21,826,000 after acquiring an additional 812,127 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Mueller Water Products Price Performance

MWA stock traded down $0.21 on Wednesday, reaching $24.33. 1,101,662 shares of the company's stock were exchanged, compared to its average volume of 1,571,164. The stock has a fifty day moving average of $25.00 and a 200-day moving average of $24.83. The firm has a market cap of $3.81 billion, a PE ratio of 28.29, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a twelve month low of $17.09 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $352.30 million. During the same period in the prior year, the company posted $0.30 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were issued a $0.067 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a yield of 1.10%. Mueller Water Products's dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling at Mueller Water Products

In other news, Director Brian C. Healy purchased 1,085 shares of the business's stock in a transaction dated Friday, May 16th. The stock was acquired at an average price of $25.32 per share, with a total value of $27,472.20. Following the purchase, the director now directly owns 14,620 shares of the company's stock, valued at $370,178.40. This represents a 8.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Slobodow sold 7,376 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MWA. Royal Bank of Canada increased their price objective 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. Wall Street Zen cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group lifted their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.25.

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.