Mueller Water Products, Inc. (NYSE:MWA) Shares Acquired by Water Asset Management LLC

Water Asset Management LLC boosted its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 43.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,000 shares of the industrial products company’s stock after purchasing an additional 46,000 shares during the period. Mueller Water Products makes up 1.9% of Water Asset Management LLC’s portfolio, making the stock its 16th biggest position. Water Asset Management LLC owned 0.10% of Mueller Water Products worth $1,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP acquired a new stake in Mueller Water Products during the 2nd quarter valued at $413,000. Nuveen Asset Management LLC acquired a new stake in Mueller Water Products during the 2nd quarter valued at $8,881,000. UBS Asset Management Americas Inc. grew its holdings in Mueller Water Products by 5.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 168,616 shares of the industrial products company’s stock valued at $1,656,000 after purchasing an additional 8,534 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Mueller Water Products during the 2nd quarter valued at $83,000. Finally, Marshall Wace LLP acquired a new stake in Mueller Water Products during the 2nd quarter valued at $454,000. 86.85% of the stock is owned by institutional investors and hedge funds.

MWA has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Saturday, August 24th. ValuEngine raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, August 16th. Goldman Sachs Group lowered shares of Mueller Water Products from a “neutral” rating to a “sell” rating and lowered their price target for the company from $10.00 to $8.00 in a report on Wednesday, June 26th. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 6th. Finally, Seaport Global Securities set a $12.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $12.00.



MWA stock traded down $0.16 during mid-day trading on Tuesday, hitting $10.65. 557,494 shares of the company were exchanged, compared to its average volume of 679,678. The company has a market capitalization of $1.70 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05. The company has a current ratio of 3.15, a quick ratio of 2.00 and a debt-to-equity ratio of 0.79. Mueller Water Products, Inc. has a twelve month low of $8.47 and a twelve month high of $12.02. The firm has a fifty day simple moving average of $10.42 and a 200 day simple moving average of $10.08.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $274.30 million during the quarter, compared to analyst estimates of $274.96 million. Mueller Water Products had a net margin of 5.09% and a return on equity of 17.10%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. As a group, sell-side analysts anticipate that Mueller Water Products, Inc. will post 0.63 earnings per share for the current year.

In other Mueller Water Products news, EVP Gregory Rogowski sold 85,839 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.06, for a total transaction of $863,540.34. Following the completion of the transaction, the executive vice president now directly owns 425,473 shares of the company’s stock, valued at approximately $4,280,258.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arsdell Stephen C. Van acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $10.10 per share, with a total value of $101,000.00. Following the completion of the acquisition, the director now owns 32,000 shares in the company, valued at $323,200. The disclosure for this purchase can be found here. 1.70% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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