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:MWA) 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.

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:MWA) 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

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.