Los Angeles Capital Management & Equity Research Inc. lifted its position in Mueller Water Products, Inc. (NYSE:MWA) by 47.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,875 shares of the industrial products company’s stock after purchasing an additional 58,025 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.11% of Mueller Water Products worth $1,806,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc lifted its position in Mueller Water Products by 0.5% during the third quarter. Vanguard Group Inc now owns 13,770,168 shares of the industrial products company’s stock worth $158,494,000 after buying an additional 64,853 shares in the last quarter. Vanguard Group Inc. lifted its position in Mueller Water Products by 0.5% during the third quarter. Vanguard Group Inc. now owns 13,770,168 shares of the industrial products company’s stock worth $158,494,000 after buying an additional 64,853 shares in the last quarter. BlackRock Inc. lifted its position in Mueller Water Products by 0.8% during the fourth quarter. BlackRock Inc. now owns 11,178,027 shares of the industrial products company’s stock worth $101,720,000 after buying an additional 92,741 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mueller Water Products by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,309,406 shares of the industrial products company’s stock worth $57,416,000 after buying an additional 44,193 shares in the last quarter. Finally, Norges Bank purchased a new stake in Mueller Water Products in the fourth quarter valued at $50,182,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.
MWA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Oppenheimer set a $13.00 target price on Mueller Water Products and gave the company a “buy” rating in a research report on Tuesday, March 19th. Boenning Scattergood reiterated a “neutral” rating on shares of Mueller Water Products in a report on Tuesday, February 5th. ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, TheStreet downgraded Mueller Water Products from a “b-” rating to a “c” rating in a report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.33.
MWA traded up $0.07 on Wednesday, hitting $9.33. 1,154,800 shares of the company were exchanged, compared to its average volume of 1,015,539. Mueller Water Products, Inc. has a twelve month low of $8.47 and a twelve month high of $12.59. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.07 and a quick ratio of 1.89.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The business had revenue of $234.00 million for the quarter, compared to analyst estimates 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 was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. On average, research analysts anticipate that Mueller Water Products, Inc. will post 0.6 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Friday, May 10th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 2.14%. Mueller Water Products’s dividend payout ratio is currently 37.74%.
In other Mueller Water Products news, Director Bernard G. Rethore acquired 10,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $9.19 per share, with a total value of $91,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.
Mueller Water Products 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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