Deutsche Bank AG Raises Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Deutsche Bank AG lifted its position in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 24.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 217,415 shares of the industrial products company's stock after acquiring an additional 42,451 shares during the quarter. Deutsche Bank AG owned approximately 0.14% of Mueller Water Products worth $4,892,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MWA. Arizona State Retirement System lifted its holdings in Mueller Water Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock valued at $1,017,000 after purchasing an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Mueller Water Products by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company's stock valued at $966,000 after purchasing an additional 581 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Mueller Water Products by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock valued at $556,000 after buying an additional 722 shares in the last quarter. Blue Trust Inc. boosted its holdings in Mueller Water Products by 14.8% in the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock worth $126,000 after buying an additional 726 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in Mueller Water Products by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock worth $366,000 after buying an additional 768 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $25.64 on Monday. The company has a 50 day moving average of $25.62 and a 200 day moving average of $24.79. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a market cap of $4.02 billion, a P/E ratio of 29.81, a P/E/G 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.

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

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 12th will be given a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, May 12th. Mueller Water Products's payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Royal Bank of Canada lifted their price target on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.25.

Insiders Place Their Bets

In other news, Director Brian C. Healy bought 1,085 shares of Mueller Water Products stock in a transaction that occurred on Friday, May 16th. The shares were acquired at an average price of $25.32 per share, with a total value of $27,472.20. Following the completion of the purchase, the director now directly owns 14,620 shares in the company, valued at $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian Slobodow sold 7,376 shares of Mueller Water Products stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The disclosure for this sale can be found here. Insiders have sold 35,600 shares of company stock worth $914,076 in the last ninety days. 1.10% of the stock is currently owned by 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.

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