Elo Mutual Pension Insurance Co Invests $279,000 in Mueller Water Products, Inc. (NYSE:MWA)

Elo Mutual Pension Insurance Co acquired a new stake in Mueller Water Products, Inc. (NYSE:MWA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,388 shares of the industrial products company’s stock, valued at approximately $279,000.

A number of other large investors also recently bought and sold shares of MWA. Arizona State Retirement System raised its stake in shares of Mueller Water Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 45,215 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 379 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Mueller Water Products by 1.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 42,929 shares of the industrial products company’s stock valued at $966,000 after purchasing an additional 581 shares during the last quarter. Point72 Hong Kong Ltd raised its position in Mueller Water Products by 6.1% in the third quarter. Point72 Hong Kong Ltd now owns 11,022 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 633 shares during the period. Blue Trust Inc. lifted its stake in Mueller Water Products by 14.8% during the fourth quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 726 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC boosted its position in shares of Mueller Water Products by 6.9% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 13,233 shares of the industrial products company’s stock worth $298,000 after buying an additional 858 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of Mueller Water Products stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $26.77, for a total transaction of $457,552.84. Following the completion of the sale, the director now directly owns 126,689 shares of the company’s stock, valued at $3,391,464.53. The trade was a 11.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction dated Tuesday, March 4th. The shares were 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 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. Corporate insiders own 1.10% of the company’s stock.

Mueller Water Products Trading Down 3.1 %

NYSE:MWA opened at $25.51 on Monday. The stock has a fifty day moving average price of $25.67 and a 200 day moving average price of $23.92. The company has a current ratio of 3.83, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc. has a 12-month low of $14.81 and a 12-month high of $28.58. The firm has a market cap of $3.99 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.39.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $0.13 earnings per share. Sell-side analysts anticipate that Mueller Water Products, Inc. will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on MWA. Royal Bank of Canada boosted their price objective on Mueller Water Products from $25.00 to $29.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. 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 research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.