Gamco Investors INC. ET AL lowered its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,695,297 shares of the industrial products company’s stock after selling 86,930 shares during the period. Gamco Investors INC. ET AL’s holdings in Mueller Water Products were worth $83,892,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Gabelli Funds LLC increased its stake in shares of Mueller Water Products by 1.5% during the fourth quarter. Gabelli Funds LLC now owns 1,748,975 shares of the industrial products company’s stock worth $21,915,000 after purchasing an additional 26,096 shares in the last quarter. SG Capital Management LLC purchased a new stake in shares of Mueller Water Products during the fourth quarter worth about $7,246,000. Fox Run Management L.L.C. increased its stake in shares of Mueller Water Products by 82.3% during the fourth quarter. Fox Run Management L.L.C. now owns 52,675 shares of the industrial products company’s stock worth $660,000 after purchasing an additional 23,775 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Mueller Water Products by 3.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 962,174 shares of the industrial products company’s stock valued at $12,057,000 after acquiring an additional 31,525 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Mueller Water Products during the 3rd quarter valued at about $231,000. 83.99% of the stock is owned by institutional investors and hedge funds.
Shares of Mueller Water Products, Inc. (NYSE MWA) opened at $11.35 on Monday. Mueller Water Products, Inc. has a one year low of $10.54 and a one year high of $14.02. The stock has a market cap of $1,799.42, a PE ratio of 24.67, a P/E/G ratio of 1.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.81%. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. During the same quarter in the prior year, the company earned $0.04 EPS. Mueller Water Products’s revenue was up 6.6% compared to the same quarter last year. equities analysts expect that Mueller Water Products, Inc. will post 0.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.76%. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, February 8th. Mueller Water Products’s payout ratio is presently 15.09%.
Several brokerages recently issued reports on MWA. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Mueller Water Products in a research note on Wednesday, October 11th. Oppenheimer reaffirmed an “outperform” rating and set 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. Cowen cut shares of 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, January 19th. Robert W. Baird reaffirmed a “hold” rating and set a $14.00 price objective on shares of Mueller Water Products in a research note on Friday, November 10th. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $14.00 price objective on shares of Mueller Water Products in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Mueller Water Products has an average rating of “Hold” and an average target price of $13.88.
In other Mueller Water Products news, Chairman Gregory E. Hyland sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.27, for a total value of $613,500.00. Following the transaction, the chairman now directly owns 979,481 shares in the company, valued at approximately $12,018,231.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Evan Hart sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $12.47, for a total transaction of $1,247,000.00. Following the completion of the transaction, the chief financial officer now owns 275,058 shares in the company, valued at $3,429,973.26. The disclosure for this sale can be found here. Insiders sold a total of 526,640 shares of company stock worth $6,491,596 over the last quarter. 3.00% of the stock is currently owned by company insiders.
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Mueller Water Products Company 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.
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