Mueller Water Products $MWA Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank reduced its stake in Mueller Water Products by 45.8% in Q4, selling 335,615 shares and now holding 396,888 shares valued at about $9.45 million (roughly 0.25% of the company).
• Insider activity was mixed: Director Gregg C. Sengstack bought 25,000 shares at $29.58 (~$739,500) while SVP Todd P. Helms sold 10,720 shares at $27.61; insiders now own about 1.10% of the stock.
• Mueller Water Products beat expectations for the quarter (EPS $0.29 vs $0.27 est.; revenue $318.2M vs $315.3M) and carries a Moderate Buy analyst consensus with an average price target of $31.33.

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Mueller Water Products (NYSE:MWA - Free Report) by 45.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 396,888 shares of the industrial products company's stock after selling 335,615 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.25% of Mueller Water Products worth $9,454,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company's stock worth $27,000 after purchasing an additional 597 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Mueller Water Products during the 4th quarter worth $34,000. Quarry LP boosted its stake in Mueller Water Products by 398.0% during the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company's stock worth $56,000 after purchasing an additional 1,755 shares during the period. Nisa Investment Advisors LLC boosted its stake in Mueller Water Products by 31.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company's stock worth $62,000 after purchasing an additional 575 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Mueller Water Products by 677.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company's stock worth $77,000 after purchasing an additional 2,792 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Insider Activity at Mueller Water Products

In related news, Director Gregg C. Sengstack bought 25,000 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were bought at an average cost of $29.58 per share, for a total transaction of $739,500.00. Following the transaction, the director owned 25,000 shares of the company's stock, valued at approximately $739,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Todd P. Helms sold 10,720 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total transaction of $295,979.20. Following the sale, the senior vice president owned 64,477 shares in the company, valued at $1,780,209.97. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company's stock.

Mueller Water Products Price Performance

Shares of MWA opened at $28.12 on Friday. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The stock's 50 day moving average is $28.64 and its two-hundred day moving average is $26.50. The firm has a market capitalization of $4.40 billion, a PE ratio of 22.32, a P/E/G ratio of 1.28 and a beta of 1.16. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The company had revenue of $318.20 million for the quarter, compared to analysts' expectations of $315.26 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Research analysts anticipate that Mueller Water Products will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Mueller Water Products from $27.00 to $29.00 and gave the stock a "sector perform" rating in a research note on Friday, February 6th. Oppenheimer reaffirmed an "outperform" rating and set a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Finally, Robert W. Baird set a $33.00 price objective on Mueller Water Products in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Mueller Water Products presently has an average rating of "Moderate Buy" and an average price target of $31.33.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company's portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company's operations are organized around two primary business segments.

Want to see what other hedge funds are holding MWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Water Products (NYSE:MWA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.