XTX Topco Ltd Lowers Stock Position in Mueller Water Products, Inc. (NYSE:MWA)

XTX Topco Ltd cut its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,462 shares of the industrial products company’s stock after selling 3,550 shares during the quarter. XTX Topco Ltd’s holdings in Mueller Water Products were worth $685,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Mueller Water Products by 361.6% in the 3rd quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after buying an additional 208,502 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Mueller Water Products by 369.1% during the third quarter. Principal Financial Group Inc. now owns 98,457 shares of the industrial products company’s stock worth $2,137,000 after acquiring an additional 77,467 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Mueller Water Products by 7.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company’s stock worth $15,696,000 after purchasing an additional 50,119 shares during the last quarter. Cookson Peirce & Co. Inc. grew its stake in Mueller Water Products by 57.9% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company’s stock valued at $718,000 after purchasing an additional 11,711 shares during the period. Finally, Alberta Investment Management Corp increased its position in shares of Mueller Water Products by 12.4% during the 4th quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company’s stock valued at $4,494,000 after purchasing an additional 22,045 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were 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 $3,391,464.53. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Slobodow sold 11,132 shares of the company’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 completion of 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 position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Mueller Water Products Price Performance

Shares of NYSE:MWA opened at $25.01 on Friday. The firm has a market capitalization of $3.92 billion, a PE ratio of 29.08, a P/E/G ratio of 1.43 and a beta of 1.26. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $25.76 and a two-hundred day moving average price of $24.25. Mueller Water Products, Inc. has a twelve month low of $15.61 and a twelve month high of $28.58.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 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 period in the prior year, the firm posted $0.13 earnings per share. Equities analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current 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 paid a dividend of $0.067 per share. The ex-dividend date was Monday, February 10th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.07%. Mueller Water Products’s payout ratio is 30.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MWA. The Goldman Sachs Group boosted their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. 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 research note on Thursday, February 6th. Finally, StockNews.com lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and an average price target of $25.80.

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.