Mueller Water Products, Inc. (NYSE:MWA) Holdings Boosted by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC boosted its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,233 shares of the industrial products company’s stock after acquiring an additional 858 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Mueller Water Products were worth $298,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Mueller Water Products by 369.1% during the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock valued at $2,137,000 after buying an additional 77,467 shares during the last quarter. Barclays PLC raised its holdings in shares of Mueller Water Products by 361.6% during the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock valued at $5,775,000 after buying an additional 208,502 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Mueller Water Products by 19.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 390,199 shares of the industrial products company’s stock valued at $8,467,000 after buying an additional 64,399 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mueller Water Products by 7.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company’s stock valued at $15,696,000 after buying an additional 50,119 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Mueller Water Products by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 347,199 shares of the industrial products company’s stock valued at $7,534,000 after buying an additional 77,772 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Insiders Place Their Bets

In other Mueller Water Products 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 transaction, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.53. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of Mueller Water Products 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 completion of the transaction, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. This trade represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Price Performance

NYSE MWA opened at $27.75 on Wednesday. Mueller Water Products, Inc. has a 12 month low of $14.81 and a 12 month high of $28.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The firm has a market capitalization of $4.34 billion, a PE ratio of 32.26, a P/E/G ratio of 1.43 and a beta of 1.39. The company’s 50 day simple moving average is $24.94 and its 200 day simple moving average is $23.53.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (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 period last year, the business earned $0.13 EPS. As a group, equities research analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on MWA. 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. Royal Bank of Canada raised their price objective on shares of 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.