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

Nuveen Asset Management LLC cut its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 filing with the SEC.

Several other large investors have also recently bought and sold shares of MWA. Optiver Holding B.V. acquired a new position in Mueller Water Products during the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC boosted its position in Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 1,113 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $63,000. Gen Wealth Partners Inc acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $65,000. Finally, R Squared Ltd acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $100,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the firm's stock in a transaction 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 transaction, the director now owns 126,689 shares in the company, valued at $3,391,464.53. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Slobodow sold 7,376 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was 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 quarter, insiders have sold 35,600 shares of company stock worth $914,076. Company insiders own 1.10% of the company's stock.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $25.64 on Monday. The firm has a market cap of $4.02 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 1-year low of $17.09 and a 1-year high of $28.58. The business's 50 day moving average is $25.62 and its 200-day moving average is $24.79.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The company had revenue of $364.30 million for 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%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Equities research analysts predict that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th will be paid a dividend of $0.067 per share. The ex-dividend date is Monday, May 12th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.05%. Mueller Water Products's dividend payout ratio (DPR) is currently 28.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MWA. 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 raised their price objective on 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 raised their price objective on 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company 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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