US Bancorp DE cut its stake in shares of Mueller Water Products, Inc. (NYSE:MWA – Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,253 shares of the industrial products company’s stock after selling 530 shares during the quarter. US Bancorp DE’s holdings in Mueller Water Products were worth $838,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of MWA. Principal Financial Group Inc. boosted its position in shares of Mueller Water Products by 2,962.3% during the fourth quarter. Principal Financial Group Inc. now owns 3,015,009 shares of the industrial products company’s stock valued at $67,838,000 after buying an additional 2,916,552 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Mueller Water Products by 10.1% during the third 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 during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Mueller Water Products by 67.5% during the fourth quarter. Allianz Asset Management GmbH now owns 1,644,603 shares of the industrial products company’s stock valued at $37,004,000 after buying an additional 662,637 shares during the last quarter. Lightrock Netherlands B.V. purchased a new stake in shares of Mueller Water Products during the fourth quarter valued at $9,780,000. Finally, Algert Global LLC boosted its position in shares of Mueller Water Products by 382.0% during the third quarter. Algert Global LLC now owns 537,566 shares of the industrial products company’s stock valued at $11,665,000 after buying an additional 426,038 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, Director Brian Slobodow sold 11,132 shares of the business’s 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 completion of the transaction, the director now owns 7,376 shares in the company, valued at $182,408.48. The trade was a 60.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Analysts Set New Price Targets
MWA has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group raised 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Mueller Water Products presently has a consensus rating of “Hold” and a consensus price target of $25.80.
Get Our Latest Stock Report on MWA
Mueller Water Products Stock Up 7.7 %
NYSE MWA opened at $26.98 on Tuesday. The stock’s 50-day moving average price is $24.37 and its 200-day moving average price is $23.27. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 52 week low of $14.81 and a 52 week high of $28.25. The company has a market capitalization of $4.22 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.
Mueller Water Products (NYSE:MWA – Get Free Report) last posted its quarterly earnings data 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 return on equity of 21.18% and a net margin of 10.05%. During the same period in the prior year, the company earned $0.13 EPS. On average, equities research analysts predict that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.
Mueller Water Products Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s payout ratio is 30.23%.
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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Source: defenseworld.net
