12,975 Shares in Mueller Water Products, Inc. (NYSE:MWA) Acquired by Balboa Wealth Partners

Balboa Wealth Partners acquired a new position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,975 shares of the industrial products company's stock, valued at approximately $292,000.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Mueller Water Products by 369.1% in the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company's stock worth $2,137,000 after buying an additional 77,467 shares during the period. Barclays PLC increased its holdings in shares of Mueller Water Products by 361.6% in the third 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. Duff & Phelps Investment Management Co. increased its holdings in shares of Mueller Water Products by 19.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company's stock worth $8,467,000 after buying an additional 64,399 shares during the period. Aigen Investment Management LP purchased a new position in shares of Mueller Water Products in the third quarter worth about $451,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mueller Water Products by 7.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock worth $15,696,000 after buying an additional 50,119 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

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Insider Activity

In other news, Director Brian Slobodow sold 11,132 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total transaction of $275,294.36. Following the completion of the transaction, the director now directly owns 7,376 shares in the company, valued at approximately $182,408.48. This trade represents a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total transaction of $457,552.84. Following the transaction, the director now owns 126,689 shares of the company's stock, valued at $3,391,464.53. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

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

Mueller Water Products Stock Down 0.3 %

Mueller Water Products stock traded down $0.09 during trading hours on Tuesday, hitting $27.75. 3,524,437 shares of the stock traded hands, compared to its average volume of 1,294,111. The firm's 50-day moving average price is $24.83 and its two-hundred day moving average price is $23.49. 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 company has a market cap of $4.34 billion, a PE ratio of 32.26, a PEG ratio of 1.43 and a beta of 1.39. Mueller Water Products, Inc. has a one year low of $14.81 and a one year high of $28.27.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $0.13 EPS. On average, research analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 0.97%. Mueller Water Products's payout ratio is 30.23%.

About Mueller Water Products

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.