MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 94,339 Shares of Mueller Water Products, Inc. (NYSE:MWA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,727,011 shares of the industrial products company's stock after purchasing an additional 94,339 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.10% of Mueller Water Products worth $38,858,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in shares of Mueller Water Products by 2,962.3% in the fourth quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock worth $67,838,000 after buying an additional 2,916,552 shares during the period. Invesco Ltd. grew its position in Mueller Water Products by 79.7% during the 4th 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 last quarter. Norges Bank purchased a new position in Mueller Water Products in the 4th quarter worth approximately $20,996,000. Ameriprise Financial Inc. lifted its position in Mueller Water Products by 49.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,688,962 shares of the industrial products company's stock valued at $60,502,000 after purchasing an additional 888,591 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Mueller Water Products by 514.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 970,055 shares of the industrial products company's stock valued at $21,826,000 after purchasing an additional 812,127 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company's stock.

Mueller Water Products Trading Down 1.1%

NYSE MWA traded down $0.28 during trading on Monday, hitting $25.34. The company had a trading volume of 100,391 shares, compared to its average volume of 1,571,488. The company's fifty day moving average is $25.62 and its 200-day moving average is $24.79. Mueller Water Products, Inc. has a one year low of $17.09 and a one year high of $28.58. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24.

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 (EPS) for the quarter, topping 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 in the prior year, the firm earned $0.30 earnings per share. Mueller Water Products's revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts predict that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 12th will be given a dividend of $0.067 per share. The ex-dividend date is Monday, May 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.06%. Mueller Water Products's dividend payout ratio is presently 28.57%.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy bought 1,085 shares of the company's stock in a transaction dated Friday, May 16th. The shares were purchased 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the transaction, the director now owns 126,689 shares of the company's stock, valued at approximately $3,391,464.53. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,600 shares of company stock valued at $914,076 over the last ninety days. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada lifted 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 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, StockNews.com downgraded Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.25.

Mueller Water Products 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.