Arizona State Retirement System Has $630,000 Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Arizona State Retirement System lessened its stake in Mueller Water Products, Inc. (NYSE:MWA) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,745 shares of the industrial products company’s stock after selling 793 shares during the quarter. Arizona State Retirement System’s holdings in Mueller Water Products were worth $630,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Mueller Water Products by 132.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,291 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,873 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Mueller Water Products by 22.8% during the 1st quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 1,036 shares during the last quarter. Comerica Bank lifted its holdings in Mueller Water Products by 361.1% during the 3rd quarter. Comerica Bank now owns 6,630 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 5,192 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Mueller Water Products by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 6,962 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 2,708 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its holdings in Mueller Water Products by 8.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 9,608 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 720 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MWA shares. StockNews.com raised Mueller Water Products from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Oppenheimer raised Mueller Water Products from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Thursday. Royal Bank of Canada lifted their target price on Mueller Water Products from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, February 12th. Finally, The Goldman Sachs Group lifted their target price on Mueller Water Products from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Mueller Water Products Stock Up 3.6 %

Shares of NYSE MWA opened at $15.90 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.89 and a current ratio of 3.29. Mueller Water Products, Inc. has a 52 week low of $12.11 and a 52 week high of $16.93. The stock has a market capitalization of $2.48 billion, a P/E ratio of 31.78, a PEG ratio of 1.87 and a beta of 1.35. The stock’s fifty day moving average is $15.57 and its 200 day moving average is $14.19.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The company had revenue of $256.40 million for the quarter, compared to analysts’ expectations of $250.64 million. During the same quarter last year, the business earned $0.13 earnings per share. Mueller Water Products’s revenue was down 18.6% on a year-over-year basis. Sell-side analysts forecast that Mueller Water Products, Inc. will post 0.69 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 9th were given a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, February 8th. Mueller Water Products’s payout ratio is currently 52.00%.

Insider Buying and Selling

In other Mueller Water Products news, COO Paul Mcandrew sold 23,000 shares of Mueller Water Products stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.02, for a total value of $345,460.00. Following the transaction, the chief operating officer now owns 6,701 shares in the company, valued at $100,649.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mueller Water Products news, Director Arsdell Stephen C. Van bought 10,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were purchased at an average price of $15.42 per share, for a total transaction of $154,200.00. Following the completion of the transaction, the director now directly owns 80,603 shares in the company, valued at approximately $1,242,898.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Paul Mcandrew sold 23,000 shares of Mueller Water Products stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $15.02, for a total value of $345,460.00. Following the completion of the transaction, the chief operating officer now owns 6,701 shares in the company, valued at approximately $100,649.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,458 shares of company stock worth $1,052,260. Company insiders own 1.40% 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.