MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,727,011 shares of the industrial products company's stock after acquiring 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 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in MWA. Vanguard Group Inc. grew its holdings in shares of Mueller Water Products by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 16,954,587 shares of the industrial products company's stock worth $381,478,000 after buying an additional 378,356 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Mueller Water Products by 16.7% in 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 buying an additional 596,956 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Mueller Water Products by 79.7% in the fourth quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock worth $90,318,000 after buying an additional 1,780,366 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Mueller Water Products by 7.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,248,990 shares of the industrial products company's stock worth $73,102,000 after buying an additional 220,025 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake 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 in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.
Mueller Water Products Trading Up 1.7%
Shares of MWA traded up $0.44 during mid-day trading on Friday, reaching $25.64. The stock had a trading volume of 1,345,484 shares, compared to its average volume of 1,577,324. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. Mueller Water Products, Inc. has a 52-week low of $17.09 and a 52-week high of $28.58. The business's fifty day moving average is $25.62 and its 200 day moving average is $24.77. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 1.43 and a beta of 1.24.
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 (EPS) 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 firm had revenue of $364.30 million during the quarter, compared to analyst estimates of $352.30 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Mueller Water Products's quarterly 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 EPS for the current fiscal year.
Mueller Water Products Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, May 12th. Mueller Water Products's dividend payout ratio (DPR) is presently 28.57%.
Wall Street Analyst Weigh In
MWA has been the topic of several research reports. The Goldman Sachs Group raised their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada raised their price target 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Mueller Water Products currently has a consensus rating of "Hold" and an average price target of $26.25.
View Our Latest Stock Analysis on MWA
Insiders Place Their Bets
In related news, Director Brian C. Healy bought 1,085 shares of the stock in a transaction on Friday, May 16th. The stock was bought at an average price of $25.32 per share, with a total value of $27,472.20. Following the completion of the purchase, the director now directly owns 14,620 shares in the company, valued at $370,178.40. This represents a 8.02% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Slobodow sold 7,376 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $24.57, for a total transaction of $181,228.32. The disclosure for this sale can be found here. Insiders sold a total of 35,600 shares of company stock valued at $914,076 over the last 90 days. 1.10% of the stock is owned by company insiders.
About Mueller Water Products
(
Free Report)
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.
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