Russell Investments Group Ltd. Has $1.98 Million Stake in Mueller Water Products, Inc. (NYSE:MWA)

Russell Investments Group Ltd. lifted its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 110.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,000 shares of the industrial products company's stock after acquiring an additional 46,144 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Mueller Water Products worth $1,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Mueller Water Products by 6.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 70,206 shares of the industrial products company's stock worth $1,580,000 after purchasing an additional 4,292 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Mueller Water Products by 44.4% during the 4th quarter. Wells Fargo & Company MN now owns 130,685 shares of the industrial products company's stock worth $2,940,000 after purchasing an additional 40,155 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Mueller Water Products in the 4th quarter valued at about $880,000. Alliancebernstein L.P. boosted its stake in shares of Mueller Water Products by 1.3% during the 4th quarter. Alliancebernstein L.P. now owns 169,479 shares of the industrial products company's stock worth $3,813,000 after acquiring an additional 2,100 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Mueller Water Products by 514.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 970,055 shares of the industrial products company's stock valued at $21,826,000 after purchasing an additional 812,127 shares during the last quarter. Institutional investors own 91.68% of the company's stock.

Mueller Water Products Trading Up 1.4 %

NYSE MWA traded up $0.35 on Thursday, hitting $26.15. The company's stock had a trading volume of 125,335 shares, compared to its average volume of 1,575,893. The firm has a market cap of $4.10 billion, a PE ratio of 30.38, a PEG ratio of 1.43 and a beta of 1.26. The company's 50-day moving average is $25.62 and its 200 day moving average is $24.35. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 1-year low of $15.84 and a 1-year high of $28.58.

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 (EPS) for the quarter, topping 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 quarter last year, the company posted $0.13 earnings per share. As a group, analysts predict that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Mueller Water Products

In related news, Director Lydia W. Thomas sold 17,092 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the sale, the director now owns 126,689 shares of the company's stock, valued at $3,391,464.53. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the business'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 directly owns 7,376 shares in the company, valued at approximately $182,408.48. This trade 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 company insiders.

About Mueller Water Products

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.