14,541 Shares in Mueller Water Products, Inc. (NYSE:MWA) Bought by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,541 shares of the industrial products company's stock, valued at approximately $327,000.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Mueller Water Products during the fourth quarter valued at $100,000. TD Private Client Wealth LLC lifted its position in Mueller Water Products by 468.1% during 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 purchasing an additional 4,456 shares during the period. Blue Trust Inc. lifted its position in 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 purchasing an additional 726 shares during the period. National Bank of Canada FI boosted its stake 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 valued at $141,000 after purchasing an additional 1,757 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Mueller Water Products during the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Mueller Water Products Stock Down 3.1 %

Shares of MWA stock traded down $0.82 during trading hours on Friday, hitting $25.51. 1,748,609 shares of the company were exchanged, compared to its average volume of 1,553,381. Mueller Water Products, Inc. has a 52 week low of $14.81 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. The business has a 50 day moving average of $25.62 and a two-hundred day moving average of $23.82. The company has a market capitalization of $3.99 billion, a PE ratio of 29.66, a PEG ratio of 1.43 and a beta of 1.39.

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Mueller Water Products (NYSE:MWA - Get Free Report) last released its 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 return on equity of 21.18% and a net margin of 10.05%. During the same quarter in the previous year, the firm posted $0.13 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.05%. The ex-dividend date was Monday, February 10th. Mueller Water Products's payout ratio is 30.23%.

Wall Street Analyst Weigh In

MWA has been the topic of a number of analyst reports. The Goldman Sachs Group increased 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. Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a research report 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $25.80.

Insiders Place Their Bets

In related news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction 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 completion of the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of Mueller Water Products 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 completion of the sale, the director now owns 7,376 shares in the company, valued at $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.