Sherbrooke Park Advisers LLC Purchases New Position in Mueller Water Products, Inc. (NYSE:MWA)

Sherbrooke Park Advisers LLC acquired a new position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,813 shares of the industrial products company's stock, valued at approximately $333,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Mueller Water Products by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,954,587 shares of the industrial products company's stock worth $381,478,000 after acquiring an additional 378,356 shares during the last quarter. First Trust Advisors LP raised its stake in Mueller Water Products by 16.7% during the 4th quarter. First Trust Advisors LP now owns 4,174,938 shares of the industrial products company's stock valued at $93,936,000 after buying an additional 596,956 shares during the last quarter. Invesco Ltd. raised its stake in Mueller Water Products by 79.7% during the 4th quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock valued at $90,318,000 after buying an additional 1,780,366 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Mueller Water Products by 7.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,248,990 shares of the industrial products company's stock valued at $73,102,000 after buying an additional 220,025 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Mueller Water Products by 2,962.3% during the 4th quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock valued at $67,838,000 after buying an additional 2,916,552 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

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 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 sale, the director now owns 126,689 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction 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. The trade was a 60.15% decrease in their position. 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. Corporate insiders own 1.10% of the company's stock.

Mueller Water Products Stock Performance

Shares of NYSE:MWA traded up $0.16 during midday trading on Friday, hitting $24.58. The company had a trading volume of 1,014,817 shares, compared to its average volume of 1,568,926. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.43 and a beta of 1.24. Mueller Water Products, Inc. has a 12-month low of $17.09 and a 12-month high of $28.58. The company has a fifty day moving average of $25.38 and a two-hundred day moving average of $24.85.

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

Mueller Water Products Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MWA shares. Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on shares of 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.25.

About Mueller Water Products

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.