Jane Street Group LLC Sells 49,052 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Jane Street Group LLC cut its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 41.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,994 shares of the industrial products company's stock after selling 49,052 shares during the quarter. Jane Street Group LLC's holdings in Mueller Water Products were worth $1,530,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 purchasing an additional 378,356 shares during the period. First Trust Advisors LP boosted its stake in Mueller Water Products by 16.7% in the 4th quarter. First Trust Advisors LP now owns 4,174,938 shares of the industrial products company's stock worth $93,936,000 after purchasing an additional 596,956 shares during the period. Invesco Ltd. boosted its stake in Mueller Water Products by 79.7% in the 4th quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock worth $90,318,000 after purchasing an additional 1,780,366 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Mueller Water Products by 7.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,248,990 shares of the industrial products company's stock worth $73,102,000 after purchasing an additional 220,025 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Mueller Water Products by 2,962.3% in the 4th quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock worth $67,838,000 after purchasing an additional 2,916,552 shares during the period. 91.68% of the stock is currently owned by institutional investors.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy purchased 1,085 shares of the firm'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 purchase, the director now owns 14,620 shares of the company's stock, valued at $370,178.40. This represents a 8.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lydia W. Thomas sold 17,092 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares in the company, valued at $3,391,464.53. This trade represents a 11.89% 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 in the last ninety days. Company insiders own 1.10% of the company's stock.

Mueller Water Products Trading Up 1.7%

Shares of NYSE MWA opened at $25.64 on Monday. The business's 50 day moving average is $25.62 and its two-hundred day moving average is $24.79. 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, Inc. has a 1-year low of $17.09 and a 1-year high of $28.58. The stock has a market capitalization of $4.02 billion, a P/E ratio of 29.81, a PEG ratio of 1.43 and a beta of 1.24.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, research analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on MWA shares. StockNews.com cut Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group boosted their target price on 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, Royal Bank of Canada boosted their target price on Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.

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