Dynamic Technology Lab Private Ltd Purchases 44,751 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Dynamic Technology Lab Private Ltd increased its stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 318.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,813 shares of the industrial products company's stock after purchasing an additional 44,751 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Mueller Water Products were worth $1,276,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MWA. Pinnacle Associates Ltd. boosted its holdings in shares of Mueller Water Products by 0.3% in the third quarter. Pinnacle Associates Ltd. now owns 162,750 shares of the industrial products company's stock worth $3,532,000 after buying an additional 500 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Mueller Water Products by 3.1% during the 3rd quarter. Diversified Trust Co now owns 19,936 shares of the industrial products company's stock worth $433,000 after acquiring an additional 607 shares during the last quarter. Arizona State Retirement System grew its position in shares of Mueller Water Products by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 43,722 shares of the industrial products company's stock valued at $783,000 after acquiring an additional 819 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Mueller Water Products in the 3rd quarter worth $26,000. Finally, Creative Planning raised its holdings in Mueller Water Products by 6.3% in the 3rd quarter. Creative Planning now owns 23,767 shares of the industrial products company's stock worth $516,000 after purchasing an additional 1,405 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, SVP Todd P. Helms sold 3,556 shares of Mueller Water Products stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.02, for a total value of $88,971.12. Following the completion of the transaction, the senior vice president now directly owns 38,683 shares of the company's stock, valued at $967,848.66. This trade represents a 8.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lydia W. Thomas sold 10,791 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.40, for a total transaction of $263,300.40. Following the completion of the sale, the director now owns 136,405 shares in the company, valued at approximately $3,328,282. This trade represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com lowered Mueller Water Products from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on shares of Mueller Water Products from $20.00 to $23.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 7th. TD Cowen downgraded shares of Mueller Water Products from a "buy" rating to a "hold" rating and lifted their price target for the company from $19.00 to $20.00 in a report on Friday, August 9th. Finally, Oppenheimer reissued an "outperform" rating and issued a $27.00 price objective (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $22.20.

Mueller Water Products Trading Down 1.9 %

Mueller Water Products stock opened at $25.26 on Wednesday. Mueller Water Products, Inc. has a 1 year low of $13.08 and a 1 year high of $26.28. The firm's 50 day moving average price is $22.80 and its 200-day moving average price is $20.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.33 and a quick ratio of 2.16. The stock has a market cap of $3.95 billion, a P/E ratio of 34.60, a PEG ratio of 1.46 and a beta of 1.34.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The company had revenue of $348.20 million for the quarter, compared to the consensus estimate of $324.80 million. During the same period in the previous year, the firm posted $0.19 EPS. Mueller Water Products's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities analysts predict that Mueller Water Products, Inc. will post 1.17 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Friday, November 8th were paid a dividend of $0.067 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Mueller Water Products's previous quarterly dividend of $0.06. This represents a $0.27 dividend on an annualized basis and a yield of 1.06%. Mueller Water Products's dividend payout ratio is presently 36.99%.

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.