Teacher Retirement System of Texas Sells 49,231 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Teacher Retirement System of Texas cut its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 23.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 157,311 shares of the industrial products company’s stock after selling 49,231 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Mueller Water Products worth $3,539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MWA. Arizona State Retirement System boosted its position in Mueller Water Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company’s stock valued at $1,017,000 after purchasing an additional 379 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Mueller Water Products by 1.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company’s stock worth $966,000 after purchasing an additional 581 shares during the period. Point72 Hong Kong Ltd boosted its position in shares of Mueller Water Products by 6.1% in the third quarter. Point72 Hong Kong Ltd now owns 11,022 shares of the industrial products company’s stock valued at $239,000 after acquiring an additional 633 shares during the period. Blue Trust Inc. grew its position in shares of Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 726 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC grew its position in Mueller Water Products by 6.9% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 13,233 shares of the industrial products company’s stock worth $298,000 after buying an additional 858 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Stock Performance

Shares of MWA opened at $27.76 on Tuesday. The company has a market cap of $4.35 billion, a PE ratio of 32.27, a P/E/G ratio of 1.43 and a beta of 1.39. The stock has a 50-day moving average of $25.39 and a 200-day moving average of $23.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. Mueller Water Products, Inc. has a one year low of $14.81 and a one year high of $28.58.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share 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 quarter in the previous year, the firm earned $0.13 EPS. On average, equities research analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a dividend of $0.067 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a yield of 0.97%. Mueller Water Products’s dividend payout ratio (DPR) is presently 30.23%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MWA. The Goldman Sachs Group lifted their target price 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. Royal Bank of Canada upped their target price on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.80.

Insider Buying and Selling

In related news, Director Brian Slobodow sold 11,132 shares of the stock in a transaction 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 sale, the director now owns 7,376 shares in the company, valued at approximately $182,408.48. This trade represents a 60.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the director now owns 126,689 shares of the company’s stock, valued at approximately $3,391,464.53. The trade was a 11.89 % 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 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.