ProShare Advisors LLC Sells 41,142 Shares of Mueller Water Products, Inc. (NYSE:MWA)

ProShare Advisors LLC lessened its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,696 shares of the industrial products company's stock after selling 41,142 shares during the quarter. ProShare Advisors LLC owned 0.22% of Mueller Water Products worth $7,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Mueller Water Products by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,954,587 shares of the industrial products company's stock worth $381,478,000 after purchasing an additional 378,356 shares in the last quarter. First Trust Advisors LP increased its position in shares of Mueller Water Products by 16.7% during the fourth quarter. First Trust Advisors LP now owns 4,174,938 shares of the industrial products company's stock worth $93,936,000 after acquiring an additional 596,956 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Mueller Water Products by 79.7% during the fourth quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock worth $90,318,000 after acquiring an additional 1,780,366 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Mueller Water Products by 7.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,248,990 shares of the industrial products company's stock valued at $73,102,000 after acquiring an additional 220,025 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Mueller Water Products by 2,962.3% in the 4th quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock valued at $67,838,000 after acquiring an additional 2,916,552 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy purchased 1,085 shares of Mueller Water Products stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $25.32 per share, for a total transaction of $27,472.20. Following the completion of the acquisition, the director now owns 14,620 shares of the company's stock, valued at approximately $370,178.40. This trade represents a 8.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Slobodow sold 7,376 shares of the business's stock in a transaction that occurred 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 three months, insiders have sold 35,600 shares of company stock worth $914,076. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MWA shares. Royal Bank of Canada lifted their price target 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. 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 report on Thursday, February 6th. Finally, StockNews.com downgraded Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.25.

Mueller Water Products Stock Down 1.2%

Shares of Mueller Water Products stock traded down $0.31 during trading hours on Tuesday, reaching $25.27. 1,126,316 shares of the company's stock were exchanged, compared to its average volume of 1,574,307. The stock has a market cap of $3.96 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a 50 day moving average of $25.57 and a two-hundred day moving average of $24.82. 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 fifty-two week low of $17.09 and a fifty-two week high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 12th will be issued 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 yield of 1.06%. Mueller Water Products's payout ratio is 28.57%.

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.