Wells Fargo & Company MN Boosts Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Wells Fargo & Company MN lifted its stake in shares of Mueller Water Products, Inc. (NYSE:MWA - Free Report) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,685 shares of the industrial products company's stock after buying an additional 40,155 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Mueller Water Products worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MWA. Integrated Quantitative Investments LLC purchased a new position in shares of Mueller Water Products during the 4th quarter worth approximately $880,000. Alliancebernstein L.P. boosted its position in shares of Mueller Water Products by 1.3% during the fourth quarter. Alliancebernstein L.P. now owns 169,479 shares of the industrial products company's stock valued at $3,813,000 after purchasing an additional 2,100 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Mueller Water Products by 514.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 970,055 shares of the industrial products company's stock worth $21,826,000 after purchasing an additional 812,127 shares during the period. Horizon Investment Services LLC bought a new position in Mueller Water Products in the fourth quarter worth $791,000. Finally, Duff & Phelps Investment Management Co. lifted its position in Mueller Water Products by 13.5% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 442,893 shares of the industrial products company's stock valued at $9,965,000 after buying an additional 52,694 shares during the period. 91.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Lydia W. Thomas sold 17,092 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $26.77, for a total value of $457,552.84. Following the sale, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total value of $275,294.36. Following the transaction, the director now directly owns 7,376 shares in the company, valued at $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MWA. Royal Bank of Canada increased their price target on shares of 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 raised their target price 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. Finally, StockNews.com cut Mueller Water Products from a "buy" rating to a "hold" rating in a research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.80.

Mueller Water Products Stock Up 2.6 %

Shares of Mueller Water Products stock opened at $25.82 on Thursday. The company has a 50-day simple moving average of $25.62 and a two-hundred day simple moving average of $24.35. The stock has a market capitalization of $4.04 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. Mueller Water Products, Inc. has a 52-week low of $15.84 and a 52-week high of $28.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share 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 last year, the company posted $0.13 earnings per share. On average, 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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