NumerixS Investment Technologies Inc boosted its stake in Mueller Water Products, Inc. (NYSE:MWA) by 506.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,000 shares of the industrial products company’s stock after purchasing an additional 16,700 shares during the period. NumerixS Investment Technologies Inc’s holdings in Mueller Water Products were worth $200,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Prudential Financial Inc. grew its stake in shares of Mueller Water Products by 6.7% during the fourth quarter. Prudential Financial Inc. now owns 19,223 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,212 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its holdings in shares of Mueller Water Products by 2.7% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 69,817 shares of the industrial products company’s stock valued at $635,000 after buying an additional 1,804 shares during the last quarter. Manning & Napier Group LLC raised its holdings in shares of Mueller Water Products by 2.1% in the first quarter. Manning & Napier Group LLC now owns 88,671 shares of the industrial products company’s stock valued at $889,000 after buying an additional 1,826 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Mueller Water Products by 12.7% in the fourth quarter. Hsbc Holdings PLC now owns 16,331 shares of the industrial products company’s stock valued at $148,000 after buying an additional 1,840 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Mueller Water Products by 9.0% in the first quarter. Raymond James & Associates now owns 24,095 shares of the industrial products company’s stock valued at $242,000 after buying an additional 1,980 shares during the last quarter. Hedge funds and other institutional investors own 86.52% of the company’s stock.
MWA has been the subject of a number of research reports. Seaport Global Securities raised shares of Mueller Water Products from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, May 10th. Oppenheimer set a $13.00 target price on shares of Mueller Water Products and gave the company a “buy” rating in a report on Tuesday, March 19th. Boenning Scattergood reaffirmed a “hold” rating on shares of Mueller Water Products in a report on Tuesday, May 7th. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. Finally, Goldman Sachs Group cut shares of Mueller Water Products from a “buy” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $11.00 in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.33.
NYSE MWA traded down $0.08 during trading hours on Wednesday, hitting $9.55. 3,608 shares of the stock were exchanged, compared to its average volume of 993,290. The stock has a market capitalization of $1.53 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.29 and a beta of 1.18. Mueller Water Products, Inc. has a 12-month low of $8.47 and a 12-month high of $12.59. The company has a quick ratio of 1.89, a current ratio of 3.07 and a debt-to-equity ratio of 0.81.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $234.00 million for the quarter, compared to analysts’ expectations of $252.06 million. Mueller Water Products had a return on equity of 15.89% and a net margin of 3.24%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. On average, equities research analysts expect that Mueller Water Products, Inc. will post 0.6 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Friday, May 10th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 2.09%. Mueller Water Products’s dividend payout ratio is currently 37.74%.
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Mueller Water Products Company Profile
Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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