Dynamic Technology Lab Private Ltd Sells 11,018 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Dynamic Technology Lab Private Ltd cut its holdings in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,795 shares of the industrial products company's stock after selling 11,018 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Mueller Water Products were worth $1,075,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its holdings in 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 purchasing 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% during the third quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company's stock valued at $8,467,000 after acquiring an additional 64,399 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Mueller Water Products by 369.1% during 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mueller Water Products by 7.7% during 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 in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in Mueller Water Products by 57.9% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock worth $718,000 after purchasing an additional 11,711 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Mueller Water Products Price Performance

MWA stock traded up $0.01 during mid-day trading on Friday, hitting $24.10. 323,058 shares of the stock were exchanged, compared to its average volume of 1,586,062. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.43 and a beta of 1.26. Mueller Water Products, Inc. has a 12 month low of $14.81 and a 12 month high of $28.58. The business has a fifty day moving average price of $25.91 and a 200 day moving average price of $24.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly 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 net margin of 10.05% and a return on equity of 21.18%. During the same quarter last year, the business earned $0.13 earnings per share. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, February 10th were paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products's dividend payout ratio (DPR) is 30.23%.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the 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 completion of the sale, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was 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 $182,408.48. The trade was a 60.15 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MWA has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price 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. Royal Bank of Canada lifted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Finally, StockNews.com cut Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Mueller Water Products presently has a consensus rating of "Hold" and an average target price of $25.80.

Mueller Water Products 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.