14,813 Shares in Mueller Water Products, Inc. (NYSE:MWA) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in shares of Mueller Water Products, Inc. (NYSE:MWA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,813 shares of the industrial products company’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in Mueller Water Products by 361.6% during the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after acquiring an additional 208,502 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mueller Water Products by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company’s stock worth $15,696,000 after acquiring an additional 50,119 shares during the last quarter. Cookson Peirce & Co. Inc. grew its position in Mueller Water Products by 57.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company’s stock worth $718,000 after acquiring an additional 11,711 shares during the last quarter. Alberta Investment Management Corp grew its position in Mueller Water Products by 12.4% during the 4th quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company’s stock worth $4,494,000 after acquiring an additional 22,045 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Mueller Water Products during the 4th quarter worth $1,573,000. Institutional investors own 91.68% of the company’s stock.

Insider Buying and Selling

In other Mueller Water Products news, Director Brian C. Healy bought 1,085 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $25.32 per share, with a total value of $27,472.20. Following the completion of the purchase, the director now directly owns 14,620 shares of the company’s stock, valued at approximately $370,178.40. This trade represents a 8.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian Slobodow sold 7,376 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $24.57, for a total value of $181,228.32. The disclosure for this sale can be found here. Insiders sold 35,600 shares of company stock valued at $914,076 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group upped their price target on Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price target 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.25.

Mueller Water Products Trading Up 1.7%

NYSE MWA opened at $25.64 on Monday. The business’s 50-day moving average price is $25.62 and its two-hundred day moving average price is $24.79. Mueller Water Products, Inc. has a 12 month low of $17.09 and a 12 month high of $28.58. The firm has a market capitalization of $4.02 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Monday, May 5th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Mueller Water Products had a return on equity of 21.18% and a net margin of 10.05%. The firm had revenue of $364.30 million for the quarter, compared to analyst estimates of $352.30 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Monday, May 12th will be paid a dividend of $0.067 per share. The ex-dividend date is Monday, May 12th. This represents a $0.27 annualized dividend and a yield of 1.05%. Mueller Water Products’s dividend payout ratio is currently 28.57%.

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.