Edgestream Partners L.P. Purchases Shares of 262,453 Mueller Water Products, Inc. (NYSE:MWA)

Edgestream Partners L.P. bought a new stake in Mueller Water Products, Inc. (NYSE:MWA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 262,453 shares of the industrial products company’s stock, valued at approximately $5,905,000. Edgestream Partners L.P. owned 0.17% of Mueller Water Products as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Mueller Water Products during the fourth quarter worth approximately $100,000. TD Private Client Wealth LLC boosted its position 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 worth $117,000 after purchasing an additional 4,456 shares in the last quarter. Blue Trust Inc. lifted its position in Mueller Water Products by 14.8% in the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 726 shares in the last quarter. National Bank of Canada FI lifted its position in Mueller Water Products by 36.9% in the 3rd quarter. National Bank of Canada FI now owns 6,514 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 1,757 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Mueller Water Products in the 4th quarter valued at $146,000. Institutional investors own 91.68% of the company’s stock.

Insider Activity at Mueller Water Products

In related news, Director Brian Slobodow sold 11,132 shares of the firm’s stock in a transaction dated 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 directly owns 7,376 shares of the company’s stock, valued at $182,408.48. This trade represents a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Suzanne G. Smith sold 26,138 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $24.99, for a total transaction of $653,188.62. Following the transaction, the chief accounting officer now directly owns 9,378 shares in the company, valued at $234,356.22. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Mueller Water Products Stock Down 0.9 %

Shares of NYSE MWA opened at $24.87 on Friday. Mueller Water Products, Inc. has a 12-month low of $14.81 and a 12-month high of $28.25. The firm has a market cap of $3.90 billion, a PE ratio of 28.92, a P/E/G ratio of 1.43 and a beta of 1.38. The company’s fifty day simple moving average is $24.23 and its 200 day simple moving average is $23.16. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $0.13 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Monday, February 10th. Mueller Water Products’s payout ratio is currently 30.23%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of Mueller Water Products in a research note on Friday, November 8th. 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. Finally, The Goldman Sachs Group upped their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Five equities research 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.

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.