Deutsche Bank AG Has $4.89 Million Stake in Mueller Water Products, Inc. (NYSE:MWA)

Deutsche Bank AG increased its holdings in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,415 shares of the industrial products company's stock after purchasing an additional 42,451 shares during the period. Deutsche Bank AG owned approximately 0.14% of Mueller Water Products worth $4,892,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MWA. Optiver Holding B.V. bought a new stake in Mueller Water Products in the fourth quarter worth $29,000. Tower Research Capital LLC TRC boosted its holdings in Mueller Water Products by 171.8% in the fourth 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 in the last quarter. Millstone Evans Group LLC bought a new stake in Mueller Water Products in the fourth quarter worth $63,000. R Squared Ltd bought a new stake in Mueller Water Products in the fourth quarter worth $100,000. Finally, Blue Trust Inc. boosted its holdings in Mueller Water Products by 14.8% in the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock worth $126,000 after purchasing an additional 726 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Insider Activity at Mueller Water Products

In related news, Director Brian Slobodow sold 7,376 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian C. Healy purchased 1,085 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was acquired 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 approximately $370,178.40. This represents a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 35,600 shares of company stock worth $914,076. Company insiders own 1.10% of the company's stock.

Mueller Water Products Stock Performance

MWA stock traded up $0.16 during mid-day trading on Friday, reaching $24.58. 1,014,817 shares of the stock traded hands, compared to its average volume of 1,568,926. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $25.38 and a two-hundred day moving average of $24.85. Mueller Water Products, Inc. has a 52 week low of $17.09 and a 52 week high of $28.58. The firm has a market capitalization of $3.85 billion, a PE ratio of 28.58, a P/E/G ratio of 1.43 and a beta of 1.24.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $352.30 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm's revenue 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

MWA has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target 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. Royal Bank of Canada upped their price target on shares of 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, Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.25.

Mueller Water Products 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.