Mackenzie Financial Corp Sells 13,476 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Mackenzie Financial Corp decreased its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 58.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,753 shares of the industrial products company's stock after selling 13,476 shares during the period. Mackenzie Financial Corp's holdings in Mueller Water Products were worth $219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MWA. Barclays PLC grew its stake in shares of Mueller Water Products by 361.6% during the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after acquiring an additional 208,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mueller Water Products by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock valued at $15,696,000 after purchasing an additional 50,119 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in Mueller Water Products by 57.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock worth $718,000 after purchasing an additional 11,711 shares during the period. Alberta Investment Management Corp increased its stake in shares of Mueller Water Products by 12.4% in the fourth quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company's stock worth $4,494,000 after purchasing an additional 22,045 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Mueller Water Products in the fourth quarter worth about $1,573,000. 91.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy bought 1,085 shares of the firm's stock in a transaction on 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 purchase, the director now directly owns 14,620 shares of the company's stock, valued at $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total value of $457,552.84. Following the sale, the director now owns 126,689 shares of the company's stock, valued at approximately $3,391,464.53. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.25.

Mueller Water Products Price Performance

MWA traded down $0.04 during trading on Monday, reaching $24.60. 761,300 shares of the company were exchanged, compared to its average volume of 1,571,469. Mueller Water Products, Inc. has a 12-month low of $17.09 and a 12-month high of $28.58. The company's 50-day moving average is $24.93 and its two-hundred day moving average is $24.83. 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 company has a market cap of $3.85 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.43 and a beta of 1.21.

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 for the quarter, beating the consensus estimate of $0.32 by $0.02. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The firm had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company's revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were issued 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 payout ratio is currently 28.57%.

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.