Mueller Water Products, Inc. (NYSE:MWA) Shares Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. raised its stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,248,990 shares of the industrial products company's stock after purchasing an additional 220,025 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.07% of Mueller Water Products worth $73,102,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Mueller Water Products by 361.6% in the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock valued at $5,775,000 after buying an additional 208,502 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Mueller Water Products in the third quarter valued at about $414,000. Synovus Financial Corp raised its holdings in Mueller Water Products by 100.0% during the third quarter. Synovus Financial Corp now owns 25,448 shares of the industrial products company's stock worth $552,000 after purchasing an additional 12,724 shares in the last quarter. Franklin Resources Inc. raised its holdings in Mueller Water Products by 10.1% during the third quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company's stock worth $197,456,000 after purchasing an additional 791,569 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Mueller Water Products by 369.1% during the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company's stock worth $2,137,000 after purchasing an additional 77,467 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 126,689 shares in the company, valued at approximately $3,391,464.53. This represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total value of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Stock Up 0.6 %

Shares of NYSE MWA traded up $0.15 on Tuesday, hitting $26.14. The company had a trading volume of 237,622 shares, compared to its average volume of 1,573,924. Mueller Water Products, Inc. has a 12-month low of $15.84 and a 12-month high of $28.58. The business has a 50 day moving average of $25.58 and a two-hundred day moving average of $24.45. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $4.09 billion, a P/E ratio of 30.31, a PEG ratio of 1.43 and a beta of 1.26.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.06. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, equities research analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MWA. StockNews.com cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Royal Bank of Canada upped their target price on shares of Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.80.

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.