Millstone Evans Group LLC Takes $63,000 Position in Mueller Water Products, Inc. (NYSE:MWA)

Millstone Evans Group LLC bought a new stake in Mueller Water Products, Inc. (NYSE:MWA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,800 shares of the industrial products company’s stock, valued at approximately $63,000.

A number of other institutional investors also recently modified their holdings of the business. Jennison Associates LLC bought a new stake in Mueller Water Products during the third quarter worth about $1,487,000. Intech Investment Management LLC bought a new stake in Mueller Water Products during the third quarter worth about $671,000. Charles Schwab Investment Management Inc. lifted its position in Mueller Water Products by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,944,715 shares of the industrial products company’s stock worth $42,200,000 after purchasing an additional 37,729 shares during the period. Citigroup Inc. lifted its position in Mueller Water Products by 117.6% during the third quarter. Citigroup Inc. now owns 203,942 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 110,227 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in Mueller Water Products by 94.3% during the third quarter. Daiwa Securities Group Inc. now owns 21,835 shares of the industrial products company’s stock worth $474,000 after purchasing an additional 10,600 shares during the period. Institutional investors own 91.68% of the company’s stock.

Insider Activity

In other news, Director Brian Slobodow sold 11,132 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total value of $275,294.36. Following the completion of the transaction, the director now owns 7,376 shares of the company’s stock, valued at $182,408.48. This represents a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lydia W. Thomas sold 17,092 shares of the company’s 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 completion of the transaction, the director now directly owns 126,689 shares of the company’s stock, valued at $3,391,464.53. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on MWA. The Goldman Sachs Group upped their price objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Royal Bank of Canada upped their price objective on shares of 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.80.

Mueller Water Products Stock Down 2.8 %

Shares of NYSE MWA opened at $26.90 on Monday. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.43 and a beta of 1.39. Mueller Water Products, Inc. has a 12 month low of $14.81 and a 12 month high of $28.58. The stock has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $23.68.

Mueller Water Products (NYSE:MWA) last issued its earnings results 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 return on equity of 21.18% and a net margin of 10.05%. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, analysts forecast that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s dividend payout ratio is currently 30.23%.

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.