UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 66,243 Shares of Mueller Water Products, Inc. (NYSE:MWA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 516,282 shares of the industrial products company's stock after purchasing an additional 66,243 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Mueller Water Products worth $11,616,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Optiver Holding B.V. bought a new position in shares of Mueller Water Products during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC boosted its holdings in Mueller Water Products by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares in the last quarter. Millstone Evans Group LLC bought a new position in Mueller Water Products in the fourth quarter worth approximately $63,000. Gen Wealth Partners Inc acquired a new stake in Mueller Water Products in the fourth quarter valued at approximately $65,000. Finally, R Squared Ltd bought a new stake in shares of Mueller Water Products during the fourth quarter valued at approximately $100,000. 91.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of the transaction, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. This represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian C. Healy bought 1,085 shares of the company'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 acquisition, the director now owns 14,620 shares in the company, valued at approximately $370,178.40. This represents a 8.02% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MWA shares. The Goldman Sachs Group upped their price target on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Wall Street Zen lowered shares of Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Royal Bank of Canada increased their target price on shares of Mueller Water Products from $25.00 to $29.00 and gave the company 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 issued a buy rating to the company. According to data from MarketBeat.com, Mueller Water Products has a consensus rating of "Hold" and a consensus target price of $26.25.

Mueller Water Products Price Performance

Shares of NYSE MWA traded down $0.21 during mid-day trading on Wednesday, reaching $24.33. 1,101,662 shares of the company were exchanged, compared to its average volume of 1,571,164. Mueller Water Products, Inc. has a 52 week low of $17.09 and a 52 week high of $28.58. The company's 50 day moving average price is $25.00 and its 200 day moving average price is $24.83. The stock has a market capitalization of $3.81 billion, a PE ratio of 28.29, a PEG 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 announced its quarterly earnings data 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 firm had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Sell-side analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th were paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, May 12th. Mueller Water Products's dividend payout ratio (DPR) is 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.