PharVision Advisers LLC Takes $362,000 Position in Mueller Water Products, Inc. (NYSE:MWA)

PharVision Advisers LLC purchased a new stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,073 shares of the industrial products company's stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MWA. Optiver Holding B.V. purchased a new position in shares of Mueller Water Products during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $40,000 after purchasing an additional 1,113 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Mueller Water Products during the fourth quarter worth about $63,000. Gen Wealth Partners Inc purchased a new position in shares of Mueller Water Products during the fourth quarter worth about $65,000. Finally, R Squared Ltd purchased a new position in shares of Mueller Water Products during the fourth quarter worth about $100,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian C. Healy bought 1,085 shares of the business's stock in a transaction dated Friday, May 16th. The shares were acquired at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the purchase, the director now owns 14,620 shares in the company, valued at $370,178.40. This trade represents a 8.02% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total transaction of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. This trade represents a 60.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,600 shares of company stock worth $914,076. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

MWA has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. StockNews.com lowered Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada raised their price target on Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.25.

Mueller Water Products Price Performance

Shares of MWA opened at $25.27 on Wednesday. Mueller Water Products, Inc. has a twelve month low of $17.09 and a twelve month high of $28.58. The stock's 50 day moving average is $25.57 and its two-hundred day moving average is $24.82. The firm has a market capitalization of $3.96 billion, a PE ratio of 29.38, a P/E/G 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 (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, beating analysts' consensus estimates of $0.32 by $0.02. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The company had revenue of $364.30 million during the quarter, compared to the consensus estimate of $352.30 million. During the same period last year, the firm earned $0.30 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts anticipate that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be issued a $0.067 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.06%. Mueller Water Products's dividend payout ratio (DPR) is presently 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.

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