Allianz Asset Management GmbH Has $37 Million Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Allianz Asset Management GmbH boosted its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 67.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,644,603 shares of the industrial products company’s stock after buying an additional 662,637 shares during the period. Allianz Asset Management GmbH’s holdings in Mueller Water Products were worth $37,004,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MWA. Principal Financial Group Inc. lifted its stake in shares of Mueller Water Products by 369.1% in the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock worth $2,137,000 after buying an additional 77,467 shares during the last quarter. Barclays PLC increased its position in Mueller Water Products by 361.6% in the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after buying an additional 208,502 shares during the period. Duff & Phelps Investment Management Co. lifted 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 worth $8,467,000 after buying an additional 64,399 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Mueller Water Products in the third quarter valued at approximately $451,000. Finally, BNP Paribas Financial Markets grew its position in Mueller Water Products by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 347,199 shares of the industrial products company’s stock worth $7,534,000 after purchasing an additional 77,772 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $25.29 on Monday. Mueller Water Products, Inc. has a twelve month low of $14.81 and a twelve month high of $28.25. The company has a market cap of $3.96 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. The business’s 50 day moving average price is $23.87 and its two-hundred day moving average price is $22.88. 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 (NYSE:MWA) last posted its earnings results 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 return on equity of 21.18% and a net margin of 10.05%. During the same quarter last year, the firm posted $0.13 EPS. On average, analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s dividend payout ratio is presently 30.23%.

Analysts Set New Price Targets

Several brokerages have issued reports on MWA. The Goldman Sachs Group boosted their price target 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 stock a “sector perform” rating in a research report on Thursday, February 6th. StockNews.com downgraded shares of Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. 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, Mueller Water Products has a consensus rating of “Hold” and an average price target of $25.80.

Insider Buying and Selling

In other Mueller Water Products news, CAO Suzanne G. Smith sold 26,138 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $24.99, for a total transaction of $653,188.62. Following the transaction, the chief accounting officer now owns 9,378 shares in the company, valued at $234,356.22. This trade represents a 73.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Todd P. Helms sold 57,948 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $25.69, for a total transaction of $1,488,684.12. Following the completion of the sale, the senior vice president now directly owns 43,224 shares of the company’s stock, valued at approximately $1,110,424.56. The trade was a 57.28 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.