Fox Run Management L.L.C. increased its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 82.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,675 shares of the industrial products company’s stock after purchasing an additional 23,775 shares during the period. Fox Run Management L.L.C.’s holdings in Mueller Water Products were worth $660,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new stake in Mueller Water Products during the third quarter worth approximately $131,000. Colony Group LLC acquired a new stake in Mueller Water Products during the second quarter worth approximately $135,000. Boothbay Fund Management LLC acquired a new stake in Mueller Water Products during the third quarter worth approximately $158,000. Ameritas Investment Partners Inc. grew its stake in Mueller Water Products by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 266 shares during the period. Finally, Koch Industries Inc. acquired a new stake in Mueller Water Products during the second quarter worth approximately $190,000. 84.03% of the stock is owned by institutional investors and hedge funds.
In other news, insider Gregory E. Hyland sold 142,243 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total value of $1,759,545.91. Following the transaction, the insider now owns 979,481 shares in the company, valued at $12,116,179.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Evan Hart sold 49,883 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total value of $612,563.24. Following the completion of the transaction, the chief financial officer now owns 145,530 shares in the company, valued at approximately $1,787,108.40. The disclosure for this sale can be found here. Insiders sold 693,656 shares of company stock valued at $8,514,160 in the last three months. Insiders own 3.00% of the company’s stock.
Shares of Mueller Water Products, Inc. (NYSE MWA) opened at $11.82 on Friday. 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, Inc. has a one year low of $10.84 and a one year high of $14.02. The company has a market capitalization of $1,870.00, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.52 and a beta of 1.33.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The firm had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. During the same quarter last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities research analysts expect that Mueller Water Products, Inc. will post 0.54 EPS for the current fiscal year.
MWA has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $14.00 target price on shares of Mueller Water Products in a research note on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a research note on Wednesday, October 11th. Boenning Scattergood reissued a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a research note on Thursday, November 2nd. Oppenheimer reissued an “outperform” rating and issued a $15.00 price objective on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Finally, Cowen cut Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $13.88.
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About Mueller Water Products
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.
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