Citigroup Inc. Has $4.43 Million Stock Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Citigroup Inc. boosted its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 117.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 203,942 shares of the industrial products company’s stock after buying an additional 110,227 shares during the period. Citigroup Inc. owned approximately 0.13% of Mueller Water Products worth $4,426,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Mueller Water Products by 399.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,962,757 shares of the industrial products company’s stock valued at $53,093,000 after purchasing an additional 2,369,055 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Mueller Water Products during the second quarter worth about $14,040,000. Driehaus Capital Management LLC bought a new stake in Mueller Water Products in the second quarter valued at approximately $13,031,000. Assenagon Asset Management S.A. boosted its holdings in Mueller Water Products by 194.4% in the second quarter. Assenagon Asset Management S.A. now owns 1,033,939 shares of the industrial products company’s stock valued at $18,528,000 after acquiring an additional 682,740 shares during the last quarter. Finally, Robeco Schweiz AG acquired a new position in Mueller Water Products in the second quarter valued at approximately $9,154,000. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Trading Down 0.0 %

Shares of NYSE:MWA opened at $25.57 on Wednesday. Mueller Water Products, Inc. has a 12-month low of $13.40 and a 12-month high of $26.28. The business’s fifty day simple moving average is $23.21 and its 200-day simple moving average is $20.72. The company has a market capitalization of $4.00 billion, a PE ratio of 35.03, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a current ratio of 3.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.55.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Mueller Water Products had a return on equity of 19.38% and a net margin of 8.82%. The company had revenue of $348.20 million during the quarter, compared to analysts’ expectations of $324.80 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that Mueller Water Products, Inc. will post 1.17 earnings per share for the current fiscal year.

Mueller Water Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Friday, November 8th were paid a dividend of $0.067 per share. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.06. This represents a $0.27 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, November 8th. Mueller Water Products’s payout ratio is 36.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MWA shares. StockNews.com downgraded Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and set a $27.00 price target (up from $26.00) on shares of Mueller Water Products in a research report on Friday, November 8th. TD Cowen lowered Mueller Water Products from a “buy” rating to a “hold” rating and lifted their price target for the company from $19.00 to $20.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada lifted their price objective on Mueller Water Products from $20.00 to $23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.20.

Insiders Place Their Bets

In other news, SVP Todd P. Helms sold 3,556 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.02, for a total value of $88,971.12. Following the sale, the senior vice president now directly owns 38,683 shares in the company, valued at approximately $967,848.66. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lydia W. Thomas sold 10,791 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.40, for a total value of $263,300.40. Following the completion of the transaction, the director now directly owns 136,405 shares in the company, valued at $3,328,282. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

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.