Moors & Cabot Inc. Sells 10,250 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Moors & Cabot Inc. lessened its position in Mueller Water Products, Inc. (NYSE:MWAFree Report) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,975 shares of the industrial products company’s stock after selling 10,250 shares during the quarter. Moors & Cabot Inc.’s holdings in Mueller Water Products were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. R Squared Ltd bought a new position in shares of Mueller Water Products during the fourth quarter valued at about $100,000. TD Private Client Wealth LLC grew its stake 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 buying an additional 4,456 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Mueller Water Products by 14.8% during the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after buying an additional 726 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Mueller Water Products during the fourth quarter valued at about $146,000. Finally, National Bank of Canada FI grew its stake 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 valued at $141,000 after buying an additional 1,757 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares in the company, valued at approximately $3,391,464.53. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, March 4th. The shares were 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. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MWA has been the topic of a number of recent research reports. Royal Bank of Canada raised 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. The Goldman Sachs Group raised their target price on Mueller Water Products from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.80.

Read Our Latest Analysis on MWA

Mueller Water Products Stock Up 3.7 %

NYSE MWA opened at $27.29 on Monday. 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 stock has a market capitalization of $4.27 billion, a PE ratio of 31.73, a PEG ratio of 1.43 and a beta of 1.39. Mueller Water Products, Inc. has a 1 year low of $14.81 and a 1 year high of $28.25. The business’s 50-day moving average is $24.71 and its 200 day moving average is $23.44.

Mueller Water Products (NYSE:MWAGet Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 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 firm earned $0.13 earnings per share. Sell-side analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.067 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.27 annualized dividend and a yield of 0.98%. Mueller Water Products’s dividend payout ratio (DPR) is presently 30.23%.

Mueller Water Products Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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