SG Capital Management LLC Makes New Investment in Mueller Water Products, Inc. (NYSE:MWA)

SG Capital Management LLC purchased a new position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 302,192 shares of the industrial products company's stock, valued at approximately $6,799,000. SG Capital Management LLC owned approximately 0.19% of Mueller Water Products at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its stake in Mueller Water Products by 361.6% during the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after purchasing an additional 208,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mueller Water Products by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock worth $15,696,000 after purchasing an additional 50,119 shares during the period. Cookson Peirce & Co. Inc. increased its position in shares of Mueller Water Products by 57.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock valued at $718,000 after acquiring an additional 11,711 shares during the last quarter. Alberta Investment Management Corp increased its position in shares of Mueller Water Products by 12.4% during the fourth quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company's stock valued at $4,494,000 after acquiring an additional 22,045 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Mueller Water Products during the fourth quarter valued at about $1,573,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Brian Slobodow sold 7,376 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total value of $181,228.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Healy purchased 1,085 shares of Mueller Water Products stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $25.32 per share, with a total value of $27,472.20. Following the transaction, the director now owns 14,620 shares in the company, valued at $370,178.40. The trade was a 8.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 35,600 shares of company stock worth $914,076. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MWA. Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.25.

Mueller Water Products Stock Down 0.2%

NYSE MWA traded down $0.05 on Monday, hitting $25.57. 761,006 shares of the stock were exchanged, compared to its average volume of 1,574,212. 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, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $28.58. The company has a market cap of $4.01 billion, a PE ratio of 29.73, a PEG ratio of 1.43 and a beta of 1.24. The company has a 50-day moving average price of $25.59 and a 200-day moving average price of $24.82.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $352.30 million. During the same quarter in the previous year, the business posted $0.30 EPS. The firm's revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate 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. Stockholders of record on Monday, May 12th will be issued a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, May 12th. Mueller Water Products's payout ratio is 28.57%.

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.