Janney Montgomery Scott LLC reduced its holdings in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,657 shares of the industrial products company's stock after selling 10,995 shares during the period. Janney Montgomery Scott LLC's holdings in Mueller Water Products were worth $1,230,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of MWA. Principal Financial Group Inc. boosted its stake 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. Barclays PLC boosted its stake in Mueller Water Products by 361.6% during the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after buying an additional 208,502 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in 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 worth $8,467,000 after buying an additional 64,399 shares during the last quarter. Aigen Investment Management LP acquired a new position in Mueller Water Products during the third quarter worth $451,000. Finally, BNP Paribas Financial Markets boosted its stake in Mueller Water Products by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 347,199 shares of the industrial products company's stock worth $7,534,000 after buying an additional 77,772 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.
Mueller Water Products Trading Down 1.8 %
Shares of MWA stock traded down $0.49 on Friday, hitting $27.33. The stock had a trading volume of 1,907,602 shares, compared to its average volume of 1,532,424. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.16. The firm has a market capitalization of $4.28 billion, a P/E ratio of 31.78, a P/E/G ratio of 1.56 and a beta of 1.38. Mueller Water Products, Inc. has a 1 year low of $13.67 and a 1 year high of $28.25. The company's 50 day moving average price is $23.55 and its 200-day moving average price is $22.40.
Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings data 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 period in the prior year, the firm posted $0.13 EPS. Analysts anticipate that Mueller Water Products, Inc. will post 1.19 earnings per share for the current year.
Mueller Water Products Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be given a dividend of $0.067 per share. The ex-dividend date is Monday, February 10th. This represents a $0.27 annualized dividend and a dividend yield of 0.98%. Mueller Water Products's dividend payout ratio is currently 31.40%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Oppenheimer reissued an "outperform" rating and set a $27.00 price objective (up previously from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. Royal Bank of Canada lifted their target price on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research report on Thursday. StockNews.com downgraded Mueller Water Products from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Mueller Water Products presently has an average rating of "Hold" and an average price target of $25.80.
View Our Latest Report on MWA
Insider Transactions at Mueller Water Products
In related news, Director Lydia W. Thomas sold 10,791 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.40, for a total value of $263,300.40. Following the completion of the sale, the director now directly owns 136,405 shares of the company's stock, valued at $3,328,282. This represents a 7.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Todd P. Helms sold 3,556 shares of the company's stock in a transaction that occurred 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 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. In the last ninety days, insiders sold 98,433 shares of company stock valued at $2,494,144. 1.10% of the stock is currently owned by corporate insiders.
Mueller Water Products Profile
(
Free Report)
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.
Read More
Before you consider Mueller Water Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mueller Water Products wasn't on the list.
While Mueller Water Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
