Capital Fund Management S.A. Makes New $1.15 Million Investment in Mueller Water Products, Inc. (NYSE:MWA)

Capital Fund Management S.A. bought a new position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 50,983 shares of the industrial products company's stock, valued at approximately $1,147,000.

A number of other institutional investors have also recently bought and sold shares of MWA. CenterBook Partners LP bought a new stake in Mueller Water Products during the 4th quarter valued at approximately $605,000. Martingale Asset Management L P acquired a new position in shares of Mueller Water Products in the 4th quarter worth approximately $1,740,000. Renaissance Technologies LLC increased its stake in shares of Mueller Water Products by 3.4% in the fourth quarter. Renaissance Technologies LLC now owns 389,800 shares of the industrial products company's stock valued at $8,770,000 after buying an additional 12,900 shares in the last quarter. Invesco Ltd. increased its position in Mueller Water Products by 79.7% in the fourth quarter. Invesco Ltd. now owns 4,014,131 shares of the industrial products company's stock worth $90,318,000 after purchasing an additional 1,780,366 shares during the period. Finally, Polymer Capital Management US LLC acquired a new stake in Mueller Water Products during the 4th quarter worth $210,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Mueller Water Products Price Performance

MWA stock traded down $0.67 during mid-day trading on Monday, reaching $24.36. 155,834 shares of the company traded hands, compared to its average volume of 1,575,463. Mueller Water Products, Inc. has a 52-week low of $15.76 and a 52-week 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 company has a market capitalization of $3.81 billion, a P/E ratio of 28.36, a P/E/G ratio of 1.43 and a beta of 1.26. The company has a fifty day moving average price of $25.72 and a 200-day moving average price of $24.31.

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

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products's dividend payout ratio (DPR) is 30.23%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MWA. 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 note on Thursday, February 6th. StockNews.com downgraded shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada boosted 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 report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.80.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian Slobodow sold 11,132 shares of the stock in a transaction 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 transaction, the director now directly owns 7,376 shares of the company's stock, valued at $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 SEC, which is accessible 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 value of $457,552.84. Following the transaction, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently 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.