Signaturefd LLC Purchases 3,553 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Signaturefd LLC raised its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,695 shares of the industrial products company’s stock after acquiring an additional 3,553 shares during the quarter. Signaturefd LLC’s holdings in Mueller Water Products were worth $255,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Invesco Ltd. raised its stake in Mueller Water Products by 31.4% during the 3rd quarter. Invesco Ltd. now owns 2,440,275 shares of the industrial products company’s stock valued at $30,943,000 after purchasing an additional 582,795 shares during the period. PGGM Investments grew its stake in Mueller Water Products by 8.5% during the third quarter. PGGM Investments now owns 1,977,657 shares of the industrial products company’s stock valued at $25,077,000 after acquiring an additional 155,269 shares in the last quarter. SG Americas Securities LLC bought a new stake in Mueller Water Products in the 3rd quarter valued at $1,905,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Mueller Water Products by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,287,282 shares of the industrial products company’s stock worth $16,323,000 after purchasing an additional 107,514 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Mueller Water Products by 1.5% during the 3rd quarter. Brown Advisory Inc. now owns 6,310,321 shares of the industrial products company’s stock valued at $80,015,000 after purchasing an additional 95,661 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Arsdell Stephen C. Van acquired 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were bought at an average price of $15.42 per share, with a total value of $154,200.00. Following the transaction, the director now directly owns 80,603 shares of the company’s stock, valued at approximately $1,242,898.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mueller Water Products news, CAO Suzanne G. Smith sold 2,800 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total value of $42,252.00. Following the completion of the sale, the chief accounting officer now directly owns 3,208 shares of the company’s stock, valued at approximately $48,408.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Arsdell Stephen C. Van bought 10,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was bought at an average price of $15.42 per share, for a total transaction of $154,200.00. Following the completion of the purchase, the director now directly owns 80,603 shares in the company, valued at $1,242,898.26. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 69,458 shares of company stock worth $1,052,260. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on MWA. StockNews.com upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. The Goldman Sachs Group boosted their price target on shares of Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Oppenheimer upgraded shares of Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Thursday, April 18th. Finally, Royal Bank of Canada boosted their target price on shares of Mueller Water Products from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Mueller Water Products Stock Performance

NYSE:MWA opened at $15.98 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.89 and a current ratio of 3.29. The stock’s fifty day moving average is $15.66 and its 200 day moving average is $14.34. The firm has a market capitalization of $2.50 billion, a PE ratio of 31.96, a PEG ratio of 1.98 and a beta of 1.35. Mueller Water Products, Inc. has a fifty-two week low of $12.11 and a fifty-two week high of $16.93.

Mueller Water Products (NYSE:MWA) last released its earnings results on Friday, February 9th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $256.40 million during the quarter, compared to analyst estimates of $250.64 million. Mueller Water Products had a net margin of 6.35% and a return on equity of 13.86%. The business’s revenue was down 18.6% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. On average, sell-side analysts anticipate that Mueller Water Products, Inc. will post 0.69 earnings per share for the current year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.064 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.60%. Mueller Water Products’s dividend payout ratio is 52.00%.

About Mueller Water Products

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.