Synovus Financial Corp Sells 12,724 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Synovus Financial Corp decreased its position in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,724 shares of the industrial products company's stock after selling 12,724 shares during the quarter. Synovus Financial Corp's holdings in Mueller Water Products were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MWA. Arizona State Retirement System grew its holdings in shares of Mueller Water Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company's stock valued at $1,017,000 after purchasing an additional 379 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of 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 valued at $966,000 after buying an additional 581 shares in the last quarter. Blue Trust Inc. grew its position in 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 worth $126,000 after buying an additional 726 shares during the period. Counterpoint Mutual Funds LLC increased its stake 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 worth $298,000 after purchasing an additional 858 shares in the last quarter. Finally, Xponance Inc. grew its stake in Mueller Water Products by 8.7% in the 4th quarter. Xponance Inc. now owns 11,066 shares of the industrial products company's stock worth $249,000 after acquiring an additional 883 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

MWA has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price 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. StockNews.com downgraded shares of Mueller Water Products from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada lifted their target price on Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and one has issued 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.

Mueller Water Products Stock Up 1.5 %

Shares of NYSE MWA traded up $0.38 during mid-day trading on Thursday, reaching $26.18. 182,294 shares of the company's stock were exchanged, compared to its average volume of 1,576,088. The business has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $24.35. Mueller Water Products, Inc. has a twelve month low of $15.84 and a twelve month high of $28.58. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.43 and a beta of 1.26. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its quarterly earnings results 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 last year, the business posted $0.13 EPS. As a group, equities analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lydia W. Thomas sold 17,092 shares of the firm's stock in a transaction on 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 owns 126,689 shares of the company's stock, valued at approximately $3,391,464.53. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction dated 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 sale, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.