Gen Wealth Partners Inc Makes New Investment in Mueller Water Products, Inc. (NYSE:MWA)

Gen Wealth Partners Inc purchased a new position in shares of Mueller Water Products, Inc. (NYSE:MWA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,890 shares of the industrial products company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake in Mueller Water Products by 361.6% during 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mueller Water Products by 7.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 697,618 shares of the industrial products company’s stock valued at $15,696,000 after buying an additional 50,119 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in Mueller Water Products by 57.9% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 31,931 shares of the industrial products company’s stock valued at $718,000 after acquiring an additional 11,711 shares during the last quarter. Alberta Investment Management Corp grew its position in Mueller Water Products by 12.4% in the fourth quarter. Alberta Investment Management Corp now owns 199,716 shares of the industrial products company’s stock worth $4,494,000 after acquiring an additional 22,045 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Mueller Water Products during the fourth quarter worth $1,573,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

MWA has been the subject of a number of research analyst reports. StockNews.com cut Mueller Water Products from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Royal Bank of Canada lifted 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. Finally, The Goldman Sachs Group upped their price objective 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.25.

Insider Activity

In related news, Director Brian Slobodow sold 7,376 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $24.57, for a total transaction of $181,228.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lydia W. Thomas sold 17,092 shares of the company’s stock in a transaction dated 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 directly owns 126,689 shares of the company’s stock, valued at approximately $3,391,464.53. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,600 shares of company stock worth $914,076. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Stock Performance

NYSE MWA opened at $24.54 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.83 and a quick ratio of 2.38. The company has a market cap of $3.84 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.43 and a beta of 1.24. The stock has a 50-day moving average of $25.64 and a two-hundred day moving average of $24.64. Mueller Water Products, Inc. has a 1-year low of $17.09 and a 1-year high of $28.58.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $364.30 million during the quarter, compared to analysts’ expectations of $352.30 million. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, analysts anticipate that Mueller Water Products, Inc. will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 12th will be paid a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, May 12th. Mueller Water Products’s payout ratio is presently 30.23%.

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.