Comprehensive Money Management Services LLC Takes Position in Mueller Water Products, Inc. (NYSE:MWA)

Comprehensive Money Management Services LLC purchased a new stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,552 shares of the industrial products company's stock, valued at approximately $552,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. purchased a new stake in Mueller Water Products during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of Mueller Water Products by 171.8% during the 4th 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 acquired a new position in shares of Mueller Water Products during the 4th quarter worth approximately $63,000. Gen Wealth Partners Inc acquired a new position in shares of Mueller Water Products during the 4th quarter worth approximately $65,000. Finally, R Squared Ltd acquired a new position in Mueller Water Products in the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

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

Mueller Water Products Trading Down 0.2%

MWA traded down $0.05 during trading hours on Friday, reaching $24.52. The company's stock had a trading volume of 1,149,987 shares, compared to its average volume of 1,566,892. Mueller Water Products, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $28.58. The stock has a market cap of $3.84 billion, a PE ratio of 28.51, a P/E/G ratio of 1.43 and a beta of 1.24. The business's 50-day moving average is $25.11 and its 200-day moving average is $24.84. 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 Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $364.30 million for 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%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were given a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, May 12th. Mueller Water Products's payout ratio is 28.57%.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian C. Healy acquired 1,085 shares of Mueller Water Products stock in a transaction dated Friday, May 16th. The shares were acquired at an average cost of $25.32 per share, for a total transaction of $27,472.20. Following the completion of the purchase, the director now owns 14,620 shares in the company, valued at approximately $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction on Tuesday, March 4th. The shares were 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 in the company, valued at approximately $182,408.48. The trade was a 60.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,600 shares of company stock valued at $914,076 over the last quarter. 1.10% of the stock is owned by company insiders.

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.