Tudor Investment Corp ET AL Acquires 140,909 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Tudor Investment Corp ET AL increased its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 537,047 shares of the industrial products company’s stock after purchasing an additional 140,909 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.34% of Mueller Water Products worth $12,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MWA. Barclays PLC grew its stake in shares of Mueller Water Products by 361.6% in the third quarter. Barclays PLC now owns 266,155 shares of the industrial products company’s stock worth $5,775,000 after purchasing an additional 208,502 shares during the last quarter. Tidal Investments LLC bought a new stake in Mueller Water Products during the third quarter valued at $414,000. Synovus Financial Corp boosted its position in Mueller Water Products by 100.0% during the third quarter. Synovus Financial Corp now owns 25,448 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 12,724 shares during the last quarter. Franklin Resources Inc. boosted its position in Mueller Water Products by 10.1% during the third quarter. Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company’s stock valued at $197,456,000 after acquiring an additional 791,569 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position 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 valued at $2,137,000 after acquiring an additional 77,467 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Down 0.9 %

NYSE MWA opened at $25.97 on Tuesday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.43 and a beta of 1.26. Mueller Water Products, Inc. has a 52 week low of $15.84 and a 52 week high of $28.58. The business has a 50 day moving average price of $25.58 and a 200-day moving average price of $24.45. 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 (NYSE:MWA) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 EPS 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 quarter in the prior year, the business earned $0.13 earnings per share. As a group, equities analysts expect that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the business’s 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 transaction, the director now 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 Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the director now directly owns 7,376 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada upped their price target on shares of Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group upped their price target on shares of Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, StockNews.com cut shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Six 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 price target of $25.80.

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.