Teacher Retirement System of Texas Sells 49,231 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Teacher Retirement System of Texas lowered its position in Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 23.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,311 shares of the industrial products company's stock after selling 49,231 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of Mueller Water Products worth $3,539,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in Mueller Water Products by 10.1% in the 3rd quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company's stock valued at $197,456,000 after buying an additional 791,569 shares in the last quarter. State Street Corp lifted its holdings in shares of Mueller Water Products by 0.3% during the third quarter. State Street Corp now owns 3,931,662 shares of the industrial products company's stock valued at $85,317,000 after acquiring an additional 12,438 shares during the period. Geode Capital Management LLC boosted its stake in shares of Mueller Water Products by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,538,901 shares of the industrial products company's stock valued at $76,809,000 after purchasing an additional 73,069 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Mueller Water Products by 2,962.3% during the 4th quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company's stock valued at $67,838,000 after purchasing an additional 2,916,552 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Mueller Water Products by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,952,282 shares of the industrial products company's stock valued at $43,926,000 after purchasing an additional 7,567 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

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Mueller Water Products Trading Down 3.1 %

Mueller Water Products stock traded down $0.82 during mid-day trading on Friday, hitting $25.51. 1,748,609 shares of the company's stock were exchanged, compared to its average volume of 1,553,381. The firm has a market capitalization of $3.99 billion, a P/E ratio of 29.66, a PEG ratio of 1.43 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The company's 50 day simple moving average is $25.62 and its 200-day simple moving average is $23.82. Mueller Water Products, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $28.58.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $0.13 EPS. On average, equities analysts anticipate that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products's dividend payout ratio is 30.23%.

Insider Activity

In other Mueller Water Products 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 sale, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lydia W. Thomas sold 17,092 shares of the firm'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 transaction of $457,552.84. Following the transaction, the director now directly owns 126,689 shares of the company's stock, valued at $3,391,464.53. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

MWA has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Mueller Water Products from $25.00 to $29.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on Mueller Water Products from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.80.

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.