Insight 2811 Inc. Lowers Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Insight 2811 Inc. lowered its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,401 shares of the industrial products company’s stock after selling 707 shares during the quarter. Insight 2811 Inc.’s holdings in Mueller Water Products were worth $212,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Millstone Evans Group LLC acquired a new stake in shares of Mueller Water Products during the 4th quarter worth about $63,000. R Squared Ltd acquired a new stake in shares of Mueller Water Products during the fourth quarter valued at about $100,000. TD Private Client Wealth LLC increased its position in shares of Mueller Water Products by 468.1% during the third quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 4,456 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Mueller Water Products by 14.8% in the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 726 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Mueller Water Products in the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Transactions at Mueller Water Products

In related news, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products 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 completion of the transaction, the director now owns 126,689 shares in the company, valued at $3,391,464.53. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $275,294.36. Following the transaction, the director now owns 7,376 shares of the company’s stock, valued at $182,408.48. This trade represents 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 Price Performance

Mueller Water Products stock opened at $27.76 on Tuesday. 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 $28.58. The firm has a market cap of $4.35 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39. The company’s 50 day moving average is $25.39 and its two-hundred day moving average is $23.73.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating 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 previous year, the company earned $0.13 EPS. On average, research analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s payout ratio is presently 30.23%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five research 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 presently has a consensus rating of “Hold” and a consensus price target of $25.80.

About Mueller Water Products

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.