Millennium Management LLC Has $44.38 Million Stock Position in Mueller Water Products, Inc. (NYSE:MWA)

Millennium Management LLC decreased its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,972,603 shares of the industrial products company's stock after selling 169,478 shares during the period. Millennium Management LLC owned approximately 1.26% of Mueller Water Products worth $44,384,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Mueller Water Products by 5.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,727,011 shares of the industrial products company's stock valued at $38,858,000 after buying an additional 94,339 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Mueller Water Products by 273.4% in the 4th quarter. Janus Henderson Group PLC now owns 260,704 shares of the industrial products company's stock valued at $5,865,000 after buying an additional 190,878 shares in the last quarter. Gen Wealth Partners Inc bought a new stake in shares of Mueller Water Products in the 4th quarter valued at $65,000. Gotham Asset Management LLC increased its position in shares of Mueller Water Products by 43.4% in the 4th quarter. Gotham Asset Management LLC now owns 125,202 shares of the industrial products company's stock valued at $2,817,000 after buying an additional 37,891 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Mueller Water Products by 24.3% in the 4th quarter. Deutsche Bank AG now owns 217,415 shares of the industrial products company's stock valued at $4,892,000 after buying an additional 42,451 shares in the last quarter. Institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.25.

Mueller Water Products Stock Up 0.7%

MWA stock traded up $0.16 during trading hours on Friday, reaching $24.58. 1,014,817 shares of the stock were exchanged, compared to its average volume of 1,570,229. The firm's 50-day moving average is $25.38 and its 200-day moving average is $24.85. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.43 and a beta of 1.24. 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 12 month low of $17.09 and a 12 month high of $28.58.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $364.30 million during the quarter, compared to analysts' expectations of $352.30 million. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The company's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities research analysts expect that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th were issued a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's dividend payout ratio (DPR) is presently 28.57%.

Insider Activity

In related news, Director Brian C. Healy acquired 1,085 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was bought at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the acquisition, the director now directly owns 14,620 shares of the company's stock, valued at approximately $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lydia W. Thomas sold 17,092 shares of the firm's 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 completion of the transaction, the director now owns 126,689 shares of the company's stock, valued at $3,391,464.53. The trade was a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,600 shares of company stock worth $914,076 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Mueller Water Products Company 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.