Quantbot Technologies LP bought a new stake in shares of Mueller Water Products, Inc. (NYSE:MWA) in the third quarter, HoldingsChannel reports. The institutional investor bought 41,992 shares of the industrial products company’s stock, valued at approximately $483,000.
Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new position in shares of Mueller Water Products during the third quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Mueller Water Products during the second quarter valued at approximately $157,000. Signaturefd LLC bought a new position in shares of Mueller Water Products during the second quarter valued at approximately $171,000. UMB Bank N A MO bought a new position in shares of Mueller Water Products during the third quarter valued at approximately $172,000. Finally, Integrated Investment Consultants LLC bought a new position in shares of Mueller Water Products during the second quarter valued at approximately $239,000. Institutional investors own 86.01% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Oppenheimer set a $14.00 target price on Mueller Water Products and gave the company a “buy” rating in a report on Wednesday, September 12th. Nomura decreased their target price on Mueller Water Products from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, September 12th. Finally, Berenberg Bank assumed coverage on Mueller Water Products in a report on Wednesday, October 3rd. They set a “buy” rating and a $15.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.25.
In related news, CAO Michael S. Nancarrow sold 5,565 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $11.62, for a total value of $64,665.30. Following the sale, the chief accounting officer now directly owns 33,281 shares of the company’s stock, valued at $386,725.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Hassan Ali sold 46,737 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $10.54, for a total value of $492,607.98. Following the completion of the sale, the senior vice president now directly owns 14,057 shares in the company, valued at $148,160.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,870 shares of company stock worth $1,057,878. 3.00% of the stock is owned by insiders.
Shares of MWA stock opened at $10.02 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 18.91, a PEG ratio of 1.24 and a beta of 1.11. Mueller Water Products, Inc. has a twelve month low of $9.59 and a twelve month high of $12.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.17 and a current ratio of 4.10.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Monday, November 5th. The industrial products company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $254.30 million for the quarter, compared to analysts’ expectations of $239.79 million. Mueller Water Products had a return on equity of 15.62% and a net margin of 11.53%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, equities analysts anticipate that Mueller Water Products, Inc. will post 0.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.20 annualized dividend and a yield of 2.00%. Mueller Water Products’s payout ratio is 37.74%.
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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 through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, 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; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.
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