Keeley Teton Advisors LLC Sells 26,187 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Keeley Teton Advisors LLC lessened its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 31.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,213 shares of the industrial products company's stock after selling 26,187 shares during the period. Keeley Teton Advisors LLC's holdings in Mueller Water Products were worth $1,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Mueller Water Products during the fourth quarter valued at about $63,000. R Squared Ltd bought a new position in Mueller Water Products in the fourth quarter worth approximately $100,000. Blue Trust Inc. grew 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 acquiring an additional 726 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Mueller Water Products during the fourth quarter valued at approximately $146,000. Finally, National Bank of Canada FI raised its position in shares of Mueller Water Products by 36.9% during the third quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company's stock worth $141,000 after purchasing an additional 1,757 shares during the period. 91.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total value of $457,552.84. Following the sale, the director now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total value of $275,294.36. Following the completion of the transaction, the director now owns 7,376 shares in the company, valued at approximately $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 owned by insiders.

Mueller Water Products Stock Down 2.8 %

Shares of MWA traded down $0.70 during trading hours on Monday, reaching $24.32. 225,030 shares of the stock traded hands, compared to its average volume of 1,575,766. Mueller Water Products, Inc. has a 52 week low of $15.76 and a 52 week high of $28.58. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.43 and a beta of 1.26. The stock has a fifty day simple moving average of $25.72 and a 200 day simple moving average of $24.31. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results 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 in the prior year, the firm posted $0.13 EPS. On average, equities analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, February 10th. Mueller Water Products's payout ratio is 30.23%.

Analyst Ratings Changes

MWA has been the subject of several research reports. Royal Bank of Canada lifted their price target on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group boosted their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of Mueller Water Products from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $25.80.

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.