111 Capital Invests $246,000 in Mueller Water Products, Inc. (NYSE:MWA)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Mueller Water Products by 361.6% during the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after acquiring an additional 208,502 shares during the period. Blue Trust Inc. raised its position in shares of Mueller Water Products by 87.4% in the 4th quarter. Blue Trust Inc. now owns 9,167 shares of the industrial products company's stock worth $199,000 after buying an additional 4,275 shares during the period. R Squared Ltd acquired a new position in Mueller Water Products in the fourth quarter valued at $100,000. Sumitomo Mitsui Trust Group Inc. grew its position in Mueller Water Products by 20.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,455 shares of the industrial products company's stock valued at $393,000 after acquiring an additional 3,000 shares during the period. Finally, Entropy Technologies LP increased its stake in Mueller Water Products by 173.4% during the fourth quarter. Entropy Technologies LP now owns 26,949 shares of the industrial products company's stock worth $606,000 after acquiring an additional 17,091 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MWA shares. Royal Bank of Canada raised their price objective 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. The Goldman Sachs Group raised their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Finally, Wall Street Zen lowered Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.25.

Mueller Water Products Price Performance

Shares of NYSE:MWA traded up $0.28 during midday trading on Tuesday, reaching $24.57. 2,299,004 shares of the company's stock were exchanged, compared to its average volume of 1,570,663. The firm has a market capitalization of $3.85 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company's 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $24.84. Mueller Water Products, Inc. has a 12 month low of $17.09 and a 12 month high of $28.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83.

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

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, May 12th. Mueller Water Products's payout ratio is 28.57%.

Insiders Place Their Bets

In other Mueller Water Products news, Director Brian Slobodow sold 7,376 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian C. Healy acquired 1,085 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $25.32 per share, with a total value of $27,472.20. Following the transaction, the director now directly owns 14,620 shares of the company's stock, valued at $370,178.40. This trade represents a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.