Oxford Asset Management LLP Buys New Position in Mueller Water Products, Inc. (NYSE:MWA)

Oxford Asset Management LLP bought a new position in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,924 shares of the industrial products company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of Mueller Water Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock worth $1,017,000 after purchasing an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Mueller Water Products by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company's stock worth $966,000 after buying an additional 581 shares during the last quarter. Blue Trust Inc. grew its position 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 worth $126,000 after buying an additional 726 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Mueller Water Products by 5.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,255 shares of the industrial products company's stock valued at $366,000 after buying an additional 768 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its position in shares of Mueller Water Products by 6.9% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 13,233 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 858 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MWA has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price 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. StockNews.com downgraded Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.80.

Insiders Place Their Bets

In related news, Director Brian Slobodow sold 11,132 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 7,376 shares of the company's stock, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lydia W. Thomas sold 17,092 shares of the 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 owns 126,689 shares in the company, valued at $3,391,464.53. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Mueller Water Products Trading Down 0.8 %

NYSE:MWA opened at $26.23 on Monday. 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 stock has a market cap of $4.11 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The stock's 50-day moving average is $25.60 and its two-hundred day moving average is $24.43. Mueller Water Products, Inc. has a fifty-two week low of $15.84 and a fifty-two week high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, equities research analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products 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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