JPMorgan Chase & Co. Boosts Position in Mueller Water Products, Inc. (NYSE:MWA)

JPMorgan Chase & Co. increased its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,045,628 shares of the industrial products company's stock after purchasing an additional 120,922 shares during the period. JPMorgan Chase & Co. owned approximately 0.67% of Mueller Water Products worth $23,527,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MWA. Millstone Evans Group LLC bought a new stake in shares of Mueller Water Products during the fourth quarter valued at approximately $63,000. R Squared Ltd purchased a new position in Mueller Water Products in the fourth quarter worth $100,000. TD Private Client Wealth LLC raised its position in 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 worth $117,000 after acquiring an additional 4,456 shares during the period. Blue Trust Inc. lifted its stake in Mueller Water Products by 14.8% in the fourth 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 last quarter. Finally, National Bank of Canada FI grew its stake in shares of Mueller Water Products by 36.9% during the 3rd quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company's stock worth $141,000 after acquiring an additional 1,757 shares during the period. Institutional investors own 91.68% of the company's stock.

Mueller Water Products Trading Up 0.9 %

Shares of NYSE MWA traded up $0.22 during mid-day trading on Tuesday, hitting $25.03. The stock had a trading volume of 79,841 shares, compared to its average volume of 2,236,117. The firm has a market cap of $3.92 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Mueller Water Products, Inc. has a 1 year low of $14.98 and a 1 year high of $28.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. The business has a 50 day moving average price of $25.90 and a two-hundred day moving average price of $24.22.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share 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 period last year, the company posted $0.13 EPS. On average, equities analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products's dividend payout ratio is currently 30.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MWA shares. StockNews.com cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Royal Bank of Canada boosted 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 note on Thursday, February 6th. Finally, The Goldman Sachs Group raised their price objective on Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Mueller Water Products has a consensus rating of "Hold" and a consensus target price of $25.80.

Insiders Place Their Bets

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the business's stock in a transaction 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 sale, the director now directly owns 126,689 shares of the company's stock, valued at approximately $3,391,464.53. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian Slobodow sold 11,132 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total transaction of $275,294.36. Following the sale, the director now owns 7,376 shares of the company's stock, valued at approximately $182,408.48. This represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.