4,430 Shares in Mueller Water Products, Inc. (NYSE:MWA) Acquired by R Squared Ltd

R Squared Ltd bought a new stake in shares of Mueller Water Products, Inc. (NYSE:MWA) during the fourth quarter, HoldingsChannel reports. The fund bought 4,430 shares of the industrial products company’s stock, valued at approximately $100,000.

Several other hedge funds also recently bought and sold shares of MWA. V Square Quantitative Management LLC acquired a new stake in shares of Mueller Water Products during the third quarter valued at $26,000. Blue Trust Inc. lifted its holdings in Mueller Water Products by 434.6% in the 3rd quarter. Blue Trust Inc. now owns 4,892 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,977 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Mueller Water Products by 468.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,408 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 4,456 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Mueller Water Products by 36.9% during the third quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company’s stock worth $141,000 after buying an additional 1,757 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Mueller Water Products in the fourth quarter valued at approximately $146,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Up 0.9 %

MWA stock opened at $23.05 on Friday. The company has a quick ratio of 2.16, a current ratio of 3.33 and a debt-to-equity ratio of 0.55. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.34 and a beta of 1.38. The business has a fifty day simple moving average of $23.55 and a 200-day simple moving average of $22.18. Mueller Water Products, Inc. has a 52 week low of $13.49 and a 52 week high of $26.28.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $348.20 million during the quarter, compared to analyst estimates of $324.80 million. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts expect that Mueller Water Products, Inc. will post 1.17 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be given a dividend of $0.067 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a yield of 1.16%. Mueller Water Products’s dividend payout ratio (DPR) is 36.99%.

Insiders Place Their Bets

In other Mueller Water Products news, Director Lydia W. Thomas sold 10,791 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.40, for a total transaction of $263,300.40. Following the transaction, the director now owns 136,405 shares in the company, valued at $3,328,282. The trade was a 7.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Todd P. Helms sold 57,948 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $25.69, for a total value of $1,488,684.12. Following the completion of the sale, the senior vice president now owns 43,224 shares of the company’s stock, valued at approximately $1,110,424.56. This trade represents a 57.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,433 shares of company stock worth $2,494,144 over the last ninety days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on MWA. Oppenheimer reaffirmed an “outperform” rating and issued a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Mueller Water Products currently has a consensus rating of “Hold” and an average price target of $22.20.

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.