2 weeks Ago By Defense World Staff
Sei Investments Co. cut its stake in shares of Mueller Water Products, Inc. (NYSE:MWA – Free Report) by 15.
6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,586 shares of the industrial products company’s stock after selling 20,284 shares during the quarter. Sei Investments Co.
owned approximately 0.07% of Mueller Water Products worth $2,466,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in MWA.
Millstone Evans Group LLC acquired a new position in shares of Mueller Water Products in the fourth quarter worth approximately $63,000. R Squared Ltd acquired a new position in shares of Mueller Water Products in the 4th quarter worth approximately $100,000. TD Private Client Wealth LLC lifted its position in shares of Mueller Water Products by 468.
1% in the 3rd 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 during the period. Blue Trust Inc.
boosted its stake in shares of 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 purchasing an additional 726 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Mueller Water Products during the fourth quarter worth $146,000.
Institutional investors own 91.68% of the company’s stock. Insider Transactions at Mueller Water ProductsIn related news, Director Brian Slobodow sold 11,132 shares of the stock in a transaction that occurred on Tuesday, March 4th.
The stock was sold at an average price of $24.73, for a total transaction 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 approximately $182,408.48. This trade represents a 60.
15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lydia W.
Thomas sold 17,092 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 126,689 shares of the company’s stock, valued at approximately $3,391,464.53.
This represents 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 Stock PerformanceShares of MWA opened at $23.
27 on Friday. The stock has a 50-day moving average of $25.83 and a 200-day moving average of $24.
03. Mueller Water Products, Inc. has a one year low of $14.
81 and a one year high of $28.58. 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 company has a market cap of $3.64 billion, a PE ratio of 27.05, a P/E/G ratio of 1.
43 and a beta of 1.39. Mueller Water Products (NYSE:MWA – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th.
The industrial products company reported $0.25 EPS for the quarter, beating 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.
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 AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a dividend of $0.067 per share.
This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.15%.
The ex-dividend date was Monday, February 10th. Mueller Water Products’s dividend payout ratio is currently 30.23%.
Wall Street Analyst Weigh InA number of analysts have commented on the stock. 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. 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 research report on Thursday, February 6th. Finally, StockNews.com downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a report on Thursday.
Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.
80.Read Our Latest Analysis on MWAMueller Water Products Company Profile (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.
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