6 days Ago By ABMN Staff
Alliancebernstein L.P. grew its holdings in shares of Mueller Water Products, Inc.
( NYSE:MWA – Free Report ) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 169,479 shares of the industrial products company’s stock after purchasing an additional 2,100 shares during the period.
Alliancebernstein L.P. owned approximately 0.
11% of Mueller Water Products worth $3,813,000 as of its most recent SEC filing. Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System raised its stake 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 buying an additional 379 shares during the last quarter. Oppenheimer & Co.
Inc. increased its stake in Mueller Water Products by 1.4% during the 4th quarter.
Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company’s stock valued at $966,000 after purchasing an additional 581 shares in the last quarter.
Blue Trust Inc. raised its holdings in Mueller Water Products by 14.8% in the fourth quarter.
Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock worth $126,000 after buying an additional 726 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its stake in shares of Mueller Water Products by 6.
9% in 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. Finally, Xponance Inc.
grew its holdings in shares of Mueller Water Products by 8.7% during the fourth quarter. Xponance Inc.
now owns 11,066 shares of the industrial products company’s stock valued at $249,000 after buying an additional 883 shares during the last quarter. 91.68% of the stock is owned by institutional investors.
Mueller Water Products Stock Performance Shares of NYSE MWA opened at $24.83 on Tuesday. Mueller Water Products, Inc.
has a 12-month low of $14.81 and a 12-month high of $28.58.
The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.
43 and a beta of 1.26. 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 firm has a 50 day moving average of $25.90 and a 200 day moving average of $24.22.
Mueller Water Products Announces Dividend The business 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 1.08%.
The ex-dividend date was Monday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 30.23%.
Wall Street Analyst Weigh In Several research firms recently issued reports on MWA. Royal Bank of Canada upped their price objective on Mueller Water Products from $25.00 to $29.
00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their price target on Mueller Water Products from $26.00 to $29.
00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd.
Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.80.
Read Our Latest Analysis on Mueller Water Products Insider Activity In other news, Director Brian Slobodow sold 11,132 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total value of $275,294.
36. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction 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 transaction, the director now owns 126,689 shares in the company, valued at approximately $3,391,464.
53. This trade represents a 11.89 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 1.10% of the company’s stock.
About Mueller Water Products ( 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. See Also Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.
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