Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,104 shares of the industrial products company's stock after selling 120,641 shares during the period. Two Sigma Investments LP owned about 0.28% of Mueller Water Products worth $9,722,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MWA. Tidal Investments LLC raised its holdings in shares of Mueller Water Products by 17.3% in the fourth quarter. Tidal Investments LLC now owns 22,370 shares of the industrial products company's stock worth $503,000 after buying an additional 3,303 shares during the period. SG Capital Management LLC purchased a new stake in Mueller Water Products in the fourth quarter worth $6,799,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Mueller Water Products during the fourth quarter worth $333,000. Point72 Asset Management L.P. lifted its position in shares of Mueller Water Products by 31.4% during the fourth quarter. Point72 Asset Management L.P. now owns 41,234 shares of the industrial products company's stock worth $928,000 after purchasing an additional 9,849 shares during the last quarter. Finally, Nia Impact Advisors LLC boosted its stake in shares of Mueller Water Products by 9.0% during the fourth quarter. Nia Impact Advisors LLC now owns 132,174 shares of the industrial products company's stock valued at $2,974,000 after purchasing an additional 10,958 shares during the period. Institutional investors own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

MWA has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on shares of 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 increased their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Finally, Wall Street Zen lowered shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Friday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $26.25.

Insider Activity

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

Mueller Water Products Stock Up 0.4%

Shares of NYSE MWA traded up $0.11 during mid-day trading on Friday, reaching $24.68. 87,120 shares of the company were exchanged, compared to its average volume of 1,559,725. Mueller Water Products, Inc. has a 1 year low of $17.09 and a 1 year high of $28.58. The firm has a 50-day moving average of $25.15 and a 200 day moving average of $24.84. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 28.78, a P/E/G ratio of 1.43 and a beta of 1.24. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 earnings per share 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 business had revenue of $364.30 million for the quarter, compared to analysts' expectations of $352.30 million. During the same period last year, the business earned $0.30 EPS. The company's revenue was up 3.1% compared to the same quarter last year. On average, research analysts expect 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 was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's payout ratio is presently 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.