Tudor Investment Corp ET AL Raises Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Tudor Investment Corp ET AL grew its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 35.6% during the fourth quarter, Holdings Channel reports. The institutional investor 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’s holdings in Mueller Water Products were worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of Mueller Water Products by 171.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,113 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Mueller Water Products during the 4th quarter valued at $63,000. R Squared Ltd purchased a new position in shares of Mueller Water Products during the 4th quarter valued at $100,000. Blue Trust Inc. lifted its position in shares of Mueller Water Products by 14.8% during the 4th quarter. Blue Trust Inc. now owns 5,618 shares of the industrial products company’s stock valued at $126,000 after buying an additional 726 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Mueller Water Products during the 4th quarter valued at $146,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lydia W. Thomas sold 17,092 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 126,689 shares in the company, valued at $3,391,464.53. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Slobodow sold 11,132 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.73, for a total transaction of $275,294.36. Following the transaction, the director now owns 7,376 shares in the company, valued at $182,408.48. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MWA shares. The Goldman Sachs Group upped their price target on Mueller Water Products from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. StockNews.com cut Mueller Water Products from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Royal Bank of Canada increased their price objective on Mueller Water Products from $25.00 to $29.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.80.

Mueller Water Products Stock Performance

Shares of MWA opened at $25.97 on Tuesday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.83. The stock’s 50-day simple moving average is $25.58 and its 200 day simple moving average is $24.45. Mueller Water Products, Inc. has a 52-week low of $15.84 and a 52-week high of $28.58.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share 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 period last year, the company posted $0.13 EPS. Research analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

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.