Cookson Peirce & Co. Inc. Acquires 11,711 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Cookson Peirce & Co. Inc. grew its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 57.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,931 shares of the industrial products company's stock after purchasing an additional 11,711 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Mueller Water Products were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Mueller Water Products during the fourth quarter valued at approximately $100,000. TD Private Client Wealth LLC boosted its holdings in shares of Mueller Water Products by 468.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company's stock worth $117,000 after buying an additional 4,456 shares during the period. Blue Trust Inc. grew its stake in Mueller Water Products by 14.8% in the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company's stock valued at $126,000 after buying an additional 726 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Mueller Water Products in the 4th quarter worth $146,000. Finally, National Bank of Canada FI lifted its position in 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 last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

Remove Ads

Mueller Water Products Stock Performance

Mueller Water Products stock traded up $0.21 during trading hours on Friday, hitting $25.07. The stock had a trading volume of 1,148,212 shares, compared to its average volume of 1,228,954. The company has a 50-day moving average of $24.28 and a two-hundred day moving average of $23.21. 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 fifty-two week low of $14.81 and a fifty-two week high of $28.25. The company has a market cap of $3.93 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

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

Mueller Water Products Announces Dividend

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

Insider Activity

In other Mueller Water Products news, Director Brian Slobodow sold 11,132 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total value of $275,294.36. Following the sale, the director now directly owns 7,376 shares in the company, valued at $182,408.48. This represents a 60.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Suzanne G. Smith sold 26,138 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $24.99, for a total value of $653,188.62. Following the transaction, the chief accounting officer now owns 9,378 shares of the company's stock, valued at $234,356.22. This represents a 73.59 % 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.

Wall Street Analyst Weigh In

MWA has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their price target on Mueller Water Products from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, 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.