Mueller Water Products, Inc. (NYSE:MWA) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 44.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,685 shares of the industrial products company's stock after purchasing an additional 40,155 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Mueller Water Products worth $2,940,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in Mueller Water Products by 361.6% during the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after acquiring an additional 208,502 shares during the period. Tidal Investments LLC purchased a new stake in Mueller Water Products during the 3rd quarter worth approximately $414,000. Synovus Financial Corp increased its stake in Mueller Water Products by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 25,448 shares of the industrial products company's stock worth $552,000 after buying an additional 12,724 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Mueller Water Products by 10.1% in the third quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company's stock valued at $197,456,000 after purchasing an additional 791,569 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Mueller Water Products by 369.1% in the 3rd quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company's stock valued at $2,137,000 after buying an additional 77,467 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Mueller Water Products Stock Up 0.7 %

MWA stock traded up $0.18 during trading on Tuesday, hitting $26.17. 992,601 shares of the company's stock were exchanged, compared to its average volume of 1,579,604. The business has a 50-day moving average price of $25.58 and a two-hundred day moving average price of $24.47. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.43 and a beta of 1.26. Mueller Water Products, Inc. has a 52-week low of $15.84 and a 52-week 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.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share 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 previous year, the company earned $0.13 earnings per share. As a group, equities research analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MWA. StockNews.com downgraded Mueller Water Products from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. The Goldman Sachs Group lifted their target price on Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $25.80.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian Slobodow sold 11,132 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total transaction of $275,294.36. Following the sale, the director now owns 7,376 shares of the company's stock, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lydia W. Thomas sold 17,092 shares of the business's 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 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 disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.