Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC cut its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,079 shares of the industrial products company's stock after selling 27,762 shares during the period. Nebula Research & Development LLC's holdings in Mueller Water Products were worth $1,037,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Mueller Water Products by 361.6% during the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company's stock worth $5,775,000 after purchasing an additional 208,502 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Mueller Water Products by 369.1% in the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company's stock valued at $2,137,000 after acquiring an additional 77,467 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mueller Water Products by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company's stock worth $15,696,000 after acquiring an additional 50,119 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in Mueller Water Products by 57.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company's stock worth $718,000 after purchasing an additional 11,711 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its position in Mueller Water Products by 12.4% in the fourth quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company's stock valued at $4,494,000 after purchasing an additional 22,045 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MWA has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on 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. The Goldman Sachs Group increased their price objective on 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 downgraded Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.80.

Insider Buying and Selling at Mueller Water Products

In related news, Director Brian Slobodow sold 11,132 shares of the stock in a transaction on Tuesday, March 4th. The stock was 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 $182,408.48. This trade represents a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lydia W. Thomas sold 17,092 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares of the company's stock, valued at $3,391,464.53. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Mueller Water Products Stock Performance

MWA opened at $26.23 on Friday. Mueller Water Products, Inc. has a 1-year low of $15.84 and a 1-year high of $28.58. The stock has a market cap of $4.11 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.43 and a beta of 1.26. The stock's 50 day simple moving average is $25.60 and its 200 day simple moving average is $24.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38.

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

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.

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