Zurcher Kantonalbank Zurich Cantonalbank Has $7.30 Million Position in Mueller Water Products, Inc. (NYSE:MWA)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 506,602 shares of the industrial products company's stock after selling 171,782 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.32% of Mueller Water Products worth $7,295,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Comerica Bank bought a new stake in Mueller Water Products during the second quarter worth about $230,000. Tower Research Capital LLC TRC grew its stake in Mueller Water Products by 132.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,291 shares of the industrial products company's stock worth $46,000 after buying an additional 1,873 shares during the last quarter. International Assets Investment Management LLC grew its stake in Mueller Water Products by 1,340.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company's stock worth $68,000 after buying an additional 4,422 shares during the last quarter. Captrust Financial Advisors grew its stake in Mueller Water Products by 22.8% during the first quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company's stock worth $72,000 after buying an additional 1,036 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in Mueller Water Products by 63.7% during the fourth quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company's stock worth $97,000 after buying an additional 2,708 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Trading Up 0.5 %

MWA stock traded up $0.08 during midday trading on Friday, reaching $15.97. The company's stock had a trading volume of 2,516,339 shares, compared to its average volume of 1,109,581. Mueller Water Products, Inc. has a 52 week low of $12.11 and a 52 week high of $16.93. The stock has a market cap of $2.49 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. The company has a quick ratio of 1.89, a current ratio of 3.29 and a debt-to-equity ratio of 0.61. The business's 50-day simple moving average is $15.63 and its 200-day simple moving average is $14.23.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The firm had revenue of $256.40 million for the quarter, compared to analysts' expectations of $250.64 million. During the same period last year, the firm earned $0.13 earnings per share. The business's revenue for the quarter was down 18.6% on a year-over-year basis. As a group, sell-side analysts expect that Mueller Water Products, Inc. will post 0.69 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th were paid a $0.064 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.26 dividend on an annualized basis and a yield of 1.60%. Mueller Water Products's payout ratio is presently 52.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, March 16th. Royal Bank of Canada increased their price target on shares of Mueller Water Products from $14.00 to $15.00 and gave the company a "sector perform" rating in a research note on Monday, February 12th. Oppenheimer raised shares of Mueller Water Products from a "market perform" rating to an "outperform" rating and set a $19.00 price target on the stock in a research note on Thursday. Finally, The Goldman Sachs Group increased their price target on shares of Mueller Water Products from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.50.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, CAO Suzanne G. Smith sold 2,800 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total value of $42,252.00. Following the sale, the chief accounting officer now directly owns 3,208 shares in the company, valued at $48,408.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mueller Water Products news, CAO Suzanne G. Smith sold 2,800 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total value of $42,252.00. Following the sale, the chief accounting officer now directly owns 3,208 shares in the company, valued at $48,408.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arsdell Stephen C. Van bought 10,000 shares of the business's stock in a transaction on Friday, March 1st. The stock was purchased at an average price of $15.42 per share, for a total transaction of $154,200.00. Following the completion of the acquisition, the director now owns 80,603 shares of the company's stock, valued at approximately $1,242,898.26. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 69,458 shares of company stock valued at $1,052,260. 1.40% of the stock is currently owned by insiders.

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.