Signaturefd LLC Cuts Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Signaturefd LLC lowered its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,271 shares of the industrial products company’s stock after selling 1,418 shares during the quarter. Signaturefd LLC’s holdings in Mueller Water Products were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Mueller Water Products in the fourth quarter worth $100,000. TD Private Client Wealth LLC raised its stake in shares of Mueller Water Products by 468.1% in 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 during the last quarter. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 726 shares during the last quarter. National Bank of Canada FI increased its position in Mueller Water Products by 36.9% during the third 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Mueller Water Products during the fourth quarter valued at $146,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. 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 objective on 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.80.

Mueller Water Products Stock Performance

NYSE:MWA opened at $26.90 on Friday. The stock has a 50-day simple moving average of $25.28 and a two-hundred day simple moving average of $23.65. Mueller Water Products, Inc. has a 52-week low of $14.81 and a 52-week high of $28.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. The firm has a market capitalization of $4.21 billion, a PE ratio of 31.27, a P/E/G ratio of 1.43 and a beta of 1.39.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (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 last year, the firm earned $0.13 earnings per share. Analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is 30.23%.

Insider Transactions at Mueller Water Products

In other news, Director Brian Slobodow sold 11,132 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.73, for a total value of $275,294.36. Following the completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lydia W. Thomas sold 17,092 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total value of $457,552.84. Following the completion of the transaction, the director now directly owns 126,689 shares of the company’s stock, 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. Corporate insiders own 1.10% of the company’s stock.

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.