Mueller Water Products, Inc. (NYSE:MWA) Holdings Decreased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,752 shares of the industrial products company's stock after selling 15,603 shares during the period. Exchange Traded Concepts LLC's holdings in Mueller Water Products were worth $647,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Mueller Water Products in the third quarter valued at about $26,000. Quarry LP lifted its holdings in shares of Mueller Water Products by 341.0% in the second quarter. Quarry LP now owns 5,632 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 4,355 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Mueller Water Products by 434.6% in the third quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company's stock valued at $106,000 after purchasing an additional 3,977 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Mueller Water Products by 468.1% in the third 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 in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Mueller Water Products by 36.9% in the third 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 in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Mueller Water Products news, Director Lydia W. Thomas sold 10,791 shares of Mueller Water Products stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.40, for a total value of $263,300.40. Following the transaction, the director now owns 136,405 shares in the company, valued at approximately $3,328,282. The trade was a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Todd P. Helms sold 3,556 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.02, for a total value of $88,971.12. Following the sale, the senior vice president now directly owns 38,683 shares of the company's stock, valued at approximately $967,848.66. This represents a 8.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,433 shares of company stock worth $2,494,144 over the last three months. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com cut Mueller Water Products from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 30th. Oppenheimer reiterated an "outperform" rating and set a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.20.

Mueller Water Products Stock Performance

Shares of MWA traded up $0.39 during mid-day trading on Thursday, reaching $23.23. 241,945 shares of the company's stock traded hands, compared to its average volume of 1,129,473. The business's 50-day moving average price is $23.59 and its 200-day moving average price is $22.17. The stock has a market capitalization of $3.64 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.16 and a current ratio of 3.33. Mueller Water Products, Inc. has a 12 month low of $13.49 and a 12 month high of $26.28.

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

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be issued a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, February 10th. Mueller Water Products's dividend payout ratio (DPR) 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.