26,892 Shares in Mueller Water Products, Inc. (NYSE:MWA) Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,892 shares of the industrial products company's stock, valued at approximately $605,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in shares of Mueller Water Products by 0.3% during the 3rd quarter. State Street Corp now owns 3,931,662 shares of the industrial products company's stock worth $85,317,000 after purchasing an additional 12,438 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Mueller Water Products by 36.9% in the 3rd quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company's stock worth $141,000 after purchasing an additional 1,757 shares during the period. MML Investors Services LLC grew its stake in shares of Mueller Water Products by 11.9% during the 3rd quarter. MML Investors Services LLC now owns 20,524 shares of the industrial products company's stock worth $445,000 after acquiring an additional 2,178 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Mueller Water Products by 73.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 25,475 shares of the industrial products company's stock worth $553,000 after purchasing an additional 10,801 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Mueller Water Products by 361.6% in the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after buying an additional 208,502 shares during the period. Institutional investors and hedge funds own 91.68% of the company's stock.

Mueller Water Products Stock Performance

NYSE:MWA remained flat at $25.06 during trading hours on Thursday. 688,762 shares of the company were exchanged, compared to its average volume of 1,575,365. Mueller Water Products, Inc. has a one year low of $15.27 and a one year high of $28.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The firm's 50-day moving average price is $25.79 and its 200-day moving average price is $24.23. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period last year, the firm posted $0.13 EPS. Equities analysts anticipate that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.067 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 1.07%. Mueller Water Products's dividend payout ratio (DPR) is presently 30.23%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MWA shares. StockNews.com downgraded shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group lifted their price target 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 raised their target price on shares of 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $25.80.

Insider Transactions 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 $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.