Prudential Financial Inc. Has $11.51 Million Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Prudential Financial Inc. lifted its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 511,742 shares of the industrial products company’s stock after buying an additional 5,891 shares during the quarter. Prudential Financial Inc. owned about 0.33% of Mueller Water Products worth $11,514,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Millstone Evans Group LLC acquired a new stake in Mueller Water Products in the 4th quarter worth about $63,000. R Squared Ltd acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $100,000. TD Private Client Wealth LLC boosted 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 valued at $117,000 after buying an additional 4,456 shares during the period. Blue Trust Inc. boosted 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 valued at $126,000 after buying an additional 726 shares during the period. Finally, National Bank of Canada FI grew 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 worth $141,000 after buying an additional 1,757 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Down 3.1 %

Shares of MWA stock opened at $25.51 on Friday. Mueller Water Products, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $28.58. The stock’s fifty day moving average price is $25.67 and its two-hundred day moving average price is $23.86. 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 company has a market cap of $3.99 billion, a PE ratio of 29.66, a P/E/G ratio of 1.43 and a beta of 1.39.

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 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 period last year, the firm earned $0.13 EPS. Equities analysts predict that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Monday, February 10th. Mueller Water Products’s dividend payout ratio is 30.23%.

Insider Activity at Mueller Water Products

In other news, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction on 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 in the company, valued at approximately $3,391,464.53. This represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 value of $275,294.36. Following the sale, the director now owns 7,376 shares in the company, valued at $182,408.48. This represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MWA. The Goldman Sachs Group upped their target price 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. Royal Bank of Canada boosted their price target on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.80.

Mueller Water Products Company 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.