Nuveen Asset Management LLC Has $58.39 Million Position in Mueller Water Products, Inc. (NYSE:MWA)

Nuveen Asset Management LLC trimmed its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,595,007 shares of the industrial products company's stock after selling 92,074 shares during the period. Nuveen Asset Management LLC owned 1.66% of Mueller Water Products worth $58,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MWA. Barclays PLC increased its holdings in Mueller Water Products by 361.6% during the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock valued at $5,775,000 after purchasing an additional 208,502 shares in the last quarter. Blue Trust Inc. increased its holdings in Mueller Water Products by 87.4% during the 4th quarter. Blue Trust Inc. now owns 9,167 shares of the industrial products company's stock valued at $199,000 after purchasing an additional 4,275 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Mueller Water Products during the 4th quarter valued at $1,573,000. R Squared Ltd acquired a new stake in shares of Mueller Water Products in the 4th quarter valued at $100,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Mueller Water Products by 20.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,455 shares of the industrial products company's stock valued at $393,000 after buying an additional 3,000 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on MWA. Wall Street Zen raised Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Thursday. Royal Bank of Canada lifted their target price on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their target price on Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.25.

Mueller Water Products Trading Up 0.7%

Shares of NYSE:MWA traded up $0.16 during midday trading on Friday, hitting $24.58. The company had a trading volume of 1,014,817 shares, compared to its average volume of 1,568,926. Mueller Water Products, Inc. has a 12 month low of $17.09 and a 12 month high of $28.58. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock 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 firm has a fifty day simple moving average of $25.38 and a 200 day simple moving average of $24.85.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping 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 business had revenue of $364.30 million for the quarter, compared to analyst estimates of $352.30 million. During the same period last year, the company earned $0.30 EPS. The firm's revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.09%. Mueller Water Products's dividend payout ratio is presently 28.57%.

Insiders Place Their Bets

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction dated Tuesday, March 11th. The stock was 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 $3,391,464.53. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian Slobodow sold 7,376 shares of Mueller Water Products 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,600 shares of company stock worth $914,076. Corporate insiders own 1.10% of the company's stock.

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.