Stevens Capital Management LP bought a new position in shares of Mueller Water Products (NYSE:MWA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,899 shares of the industrial products company’s stock, valued at approximately $255,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Teachers Advisors LLC lifted its stake in Mueller Water Products by 2.6% in the first quarter. Teachers Advisors LLC now owns 268,638 shares of the industrial products company’s stock valued at $3,175,000 after acquiring an additional 6,927 shares during the last quarter. BlackRock Inc. raised its position in shares of Mueller Water Products by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after purchasing an additional 13,426,906 shares during the period. Schwab Charles Investment Management Inc. increased its position in Mueller Water Products by 7.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 798,574 shares of the industrial products company’s stock worth $9,440,000 after acquiring an additional 54,365 shares during the period. Tudor Investment Corp ET AL increased its position in Mueller Water Products by 38.3% during the first quarter. Tudor Investment Corp ET AL now owns 18,629 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 5,159 shares during the period. Finally, HighTower Advisors LLC bought a new position in Mueller Water Products during the first quarter worth about $143,000. Institutional investors and hedge funds own 84.32% of the company’s stock.
A number of equities analysts recently commented on MWA shares. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 11th. BidaskClub downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Robert W. Baird restated a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 4th. Finally, Cowen reiterated a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a research report on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mueller Water Products presently has an average rating of “Buy” and an average target price of $13.75.
Mueller Water Products (MWA) traded down $0.06 during trading hours on Wednesday, hitting $12.17. 871,769 shares of the stock traded hands, compared to its average volume of 1,238,947. The company has a market cap of $1,972.61, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.57 and a beta of 1.33. The company has a quick ratio of 3.75, a current ratio of 4.73 and a debt-to-equity ratio of 0.97. Mueller Water Products has a 12 month low of $10.84 and a 12 month high of $14.20.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $226.90 million during the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. Mueller Water Products’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. equities research analysts anticipate that Mueller Water Products will post 0.53 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a dividend of $0.04 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. Mueller Water Products’s dividend payout ratio (DPR) is presently 21.05%.
TRADEMARK VIOLATION NOTICE: This report was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://stocknewstimes.com/2017/12/06/stevens-capital-management-lp-purchases-new-stake-in-mueller-water-products-mwa.html.
Mueller Water Products Profile
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.