Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Bfsg LLC

Bfsg LLC lessened its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 221,846 shares of the industrial products company’s stock after selling 2,502 shares during the period. Bfsg LLC’s holdings in Mueller Water Products were worth $3,195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. New York State Common Retirement Fund grew its stake in Mueller Water Products by 13.2% during the 4th quarter. New York State Common Retirement Fund now owns 65,320 shares of the industrial products company’s stock valued at $941,000 after purchasing an additional 7,609 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Mueller Water Products by 33.0% in the 4th quarter. Handelsbanken Fonder AB now owns 39,536 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 9,800 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Mueller Water Products by 25.1% in the 4th quarter. Signaturefd LLC now owns 17,695 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 3,553 shares during the last quarter. abrdn plc bought a new stake in shares of Mueller Water Products in the 4th quarter valued at approximately $149,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Mueller Water Products by 1,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,752 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 4,422 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Oppenheimer upgraded 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. The Goldman Sachs Group boosted their price objective on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada boosted their price objective on Mueller Water Products from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Insider Activity

In other news, CAO Suzanne G. Smith sold 2,800 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was 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 owns 3,208 shares in the company, valued at $48,408.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Kenji Takeuchi sold 6,658 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.62, for a total transaction of $103,997.96. Following the sale, the senior vice president now directly owns 34,196 shares of the company’s stock, valued at $534,141.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Suzanne G. Smith sold 2,800 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $15.09, for a total value of $42,252.00. Following the transaction, the chief accounting officer now directly owns 3,208 shares in the company, valued at $48,408.72. The disclosure for this sale can be found here. Insiders sold a total of 69,458 shares of company stock worth $1,052,260 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Mueller Water Products Stock Performance

MWA stock traded down $0.20 during trading on Thursday, reaching $16.08. 129,801 shares of the company’s stock were exchanged, compared to its average volume of 1,072,388. The company has a quick ratio of 1.89, a current ratio of 3.29 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.51 billion, a PE ratio of 32.58, a P/E/G ratio of 1.96 and a beta of 1.35. The company’s fifty day moving average price is $15.66 and its 200-day moving average price is $14.30. Mueller Water Products, Inc. has a 1-year low of $12.11 and a 1-year high of $16.93.

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

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.