American Century Companies Inc. Has $46.27 Million Holdings in Mueller Water Products, Inc. (NYSE:MWA)

American Century Companies Inc. raised its stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 55.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,056,632 shares of the industrial products company's stock after purchasing an additional 730,442 shares during the period. American Century Companies Inc. owned 1.31% of Mueller Water Products worth $46,274,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC bought a new position in Mueller Water Products during the fourth quarter worth $63,000. R Squared Ltd bought a new position in shares of Mueller Water Products in the 4th quarter worth about $100,000. TD Private Client Wealth LLC boosted its holdings in shares of Mueller Water Products by 468.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company's stock valued at $117,000 after buying an additional 4,456 shares during the period. Blue Trust Inc. grew its position in shares of Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock valued at $126,000 after buying an additional 726 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Mueller Water Products during the fourth quarter worth about $146,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada upped their target price on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. The Goldman Sachs Group upped their price objective on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.80.

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Mueller Water Products Stock Performance

MWA traded up $0.28 during trading hours on Tuesday, hitting $25.70. The company's stock had a trading volume of 1,579,848 shares, compared to its average volume of 1,563,382. The company has a 50-day simple moving average of $25.76 and a 200 day simple moving average of $24.00. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $4.02 billion, a PE ratio of 29.89, a PEG ratio of 1.43 and a beta of 1.39. Mueller Water Products, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $28.58.

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 net margin of 10.05% and a return on equity of 21.18%. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, sell-side analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were paid a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.04%. Mueller Water Products's dividend payout ratio is presently 30.23%.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian Slobodow sold 11,132 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total value of $275,294.36. Following the completion of the sale, the director now directly owns 7,376 shares of the company's stock, valued at approximately $182,408.48. This represents a 60.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares in the company, valued at $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 corporate 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.