Balyasny Asset Management L.P. Has $4.55 Million Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Balyasny Asset Management L.P. decreased its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 75.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 202,111 shares of the industrial products company’s stock after selling 611,656 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Mueller Water Products were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. bought a new position in Mueller Water Products during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC increased its holdings in shares of Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 1,113 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $63,000. R Squared Ltd bought a new stake in shares of Mueller Water Products in the fourth quarter valued at approximately $100,000. Finally, Blue Trust Inc. grew its position 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 buying an additional 726 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brian Slobodow sold 7,376 shares of Mueller Water Products 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Lydia W. Thomas sold 17,092 shares of the stock in a transaction on Tuesday, March 11th. The shares were 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 of the company’s stock, valued at $3,391,464.53. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,600 shares of company stock valued at $914,076 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Mueller Water Products Price Performance

Shares of MWA stock opened at $24.54 on Friday. Mueller Water Products, Inc. has a twelve month low of $17.09 and a twelve month high of $28.58. The company has a quick ratio of 2.38, a current ratio of 3.83 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $25.64 and a 200 day simple moving average of $24.64. 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.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results 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 company had revenue of $364.30 million for the quarter, compared to the consensus estimate of $352.30 million. Mueller Water Products had a net margin of 10.05% and a return on equity of 21.18%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. On average, sell-side analysts forecast that Mueller Water Products, Inc. will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, May 12th. Mueller Water Products’s payout ratio is 30.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on 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 objective on shares of Mueller Water Products from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Four 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 company has an average rating of “Hold” and a consensus price target of $26.25.

Mueller Water Products Company 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.