Zurcher Kantonalbank Zurich Cantonalbank Has $15.70 Million Stock Position in Mueller Water Products, Inc. (NYSE:MWA)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 697,618 shares of the industrial products company's stock after purchasing an additional 50,119 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.45% of Mueller Water Products worth $15,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Mueller Water Products in the fourth quarter worth $100,000. TD Private Client Wealth LLC lifted its holdings in shares of Mueller Water Products by 468.1% during 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 acquiring an additional 4,456 shares during the period. Blue Trust Inc. lifted its holdings in shares of Mueller Water Products by 14.8% during 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 position in shares of Mueller Water Products during the fourth quarter valued at $146,000. Finally, National Bank of Canada FI lifted its holdings 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 valued at $141,000 after acquiring an additional 1,757 shares during the period. 91.68% of the stock is owned by institutional investors.

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Mueller Water Products Price Performance

Shares of NYSE:MWA traded up $0.98 during midday trading on Friday, reaching $27.29. The company's stock had a trading volume of 2,521,153 shares, compared to its average volume of 1,277,273. Mueller Water Products, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $28.25. The company has a market capitalization of $4.27 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.43 and a beta of 1.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The business's fifty day simple moving average is $24.71 and its 200-day simple moving average is $23.42.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share 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 in the previous year, the company posted $0.13 earnings per share. As a group, equities research analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a dividend of $0.067 per share. The ex-dividend date was Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 0.98%. Mueller Water Products's dividend payout ratio is currently 30.23%.

Insider Activity

In related news, Director Lydia W. Thomas sold 17,092 shares of the business'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 value of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares in the company, valued at approximately $3,391,464.53. The trade was a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owns 7,376 shares of the company's stock, valued at $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 currently owned by company insiders.

Analyst Ratings Changes

MWA has been the subject of a number of analyst reports. The Goldman Sachs Group lifted 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. Royal Bank of Canada lifted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.