Jump Financial LLC Lowers Stake in Mueller Water Products, Inc. (NYSE:MWA)

Jump Financial LLC cut its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 94.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,056 shares of the industrial products company’s stock after selling 157,214 shares during the quarter. Jump Financial LLC’s holdings in Mueller Water Products were worth $204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of Mueller Water Products during the fourth quarter worth about $63,000. R Squared Ltd purchased a new stake in Mueller Water Products in the fourth quarter valued at approximately $100,000. Blue Trust Inc. grew 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 valued at $126,000 after purchasing an additional 726 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Mueller Water Products in the fourth quarter valued at approximately $146,000. Finally, Assetmark Inc. purchased a new stake in Mueller Water Products in the fourth quarter valued at approximately $192,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MWA shares. StockNews.com downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Royal Bank of Canada boosted their target price on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.80.

Mueller Water Products Price Performance

MWA opened at $25.97 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 52-week low of $15.84 and a 52-week high of $28.58. The company has a 50 day moving average of $25.58 and a two-hundred day moving average of $24.45. The company has a market cap of $4.07 billion, a P/E ratio of 30.20, a P/E/G ratio of 1.43 and a beta of 1.26.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, analysts expect that Mueller Water Products, Inc. will post 1.24 earnings per share for the current year.

Insider Transactions at Mueller Water Products

In other news, Director Lydia W. Thomas sold 17,092 shares of the business’s 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 directly owns 126,689 shares of the company’s stock, valued at approximately $3,391,464.53. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 7,376 shares in the company, valued at approximately $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. 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.