Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,583 shares of the industrial products company’s stock after selling 9,133 shares during the period. Hantz Financial Services Inc.’s holdings in Mueller Water Products were worth $3,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. lifted its stake in shares of Mueller Water Products by 0.3% during the third quarter. Pinnacle Associates Ltd. now owns 162,750 shares of the industrial products company’s stock valued at $3,532,000 after buying an additional 500 shares during the period. Diversified Trust Co raised its holdings in Mueller Water Products by 3.1% in the 3rd quarter. Diversified Trust Co now owns 19,936 shares of the industrial products company’s stock valued at $433,000 after acquiring an additional 607 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in shares of Mueller Water Products by 6.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 11,022 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 633 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Mueller Water Products during the third quarter worth $26,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Mueller Water Products by 1.5% in the third quarter. The Manufacturers Life Insurance Company now owns 87,308 shares of the industrial products company’s stock valued at $1,895,000 after purchasing an additional 1,307 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Mueller Water Products Price Performance

MWA stock opened at $23.05 on Friday. The stock has a 50-day simple moving average of $23.55 and a 200-day simple moving average of $22.18. The firm has a market cap of $3.61 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.16 and a current ratio of 3.33. Mueller Water Products, Inc. has a 1 year low of $13.49 and a 1 year high of $26.28.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $348.20 million for the quarter, compared to analyst estimates of $324.80 million. Mueller Water Products had a net margin of 8.82% and a return on equity of 19.38%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. On average, equities analysts predict that Mueller Water Products, Inc. will post 1.17 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be given a $0.067 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a yield of 1.16%. Mueller Water Products’s payout ratio is currently 36.99%.

Insider Activity

In other news, SVP Todd P. Helms sold 3,556 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $25.02, for a total value of $88,971.12. Following the completion of the sale, the senior vice president now owns 38,683 shares of the company’s stock, valued at approximately $967,848.66. The trade was a 8.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lydia W. Thomas sold 10,791 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.40, for a total value of $263,300.40. Following the transaction, the director now directly owns 136,405 shares in the company, valued at approximately $3,328,282. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,433 shares of company stock worth $2,494,144 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MWA. Oppenheimer restated an “outperform” rating and issued a $27.00 target price (up from $26.00) on shares of Mueller Water Products in a report on Friday, November 8th. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Mueller Water Products has a consensus rating of “Hold” and an average price target of $22.20.

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.