Great West Life Assurance Co. Can increased its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 51.9% during the 4th quarter, HoldingsChannel reports. The fund owned 20,104 shares of the industrial products company’s stock after buying an additional 6,866 shares during the period. Great West Life Assurance Co. Can’s holdings in Mueller Water Products were worth $176,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. CWM Advisors LLC bought a new position in shares of Mueller Water Products during the fourth quarter valued at $92,000. Quantamental Technologies LLC purchased a new position in shares of Mueller Water Products in the 4th quarter worth about $112,000. Blair William & Co. IL bought a new position in Mueller Water Products in the 3rd quarter worth about $115,000. Blueshift Asset Management LLC bought a new position in Mueller Water Products in the 4th quarter worth about $124,000. Finally, Signition LP purchased a new stake in Mueller Water Products during the 4th quarter valued at about $132,000. Institutional investors and hedge funds own 89.97% of the company’s stock.
Shares of NYSE:MWA opened at $10.51 on Friday. Mueller Water Products, Inc. has a fifty-two week low of $8.47 and a fifty-two week high of $12.59. The company has a quick ratio of 1.99, a current ratio of 3.14 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Monday, February 4th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. Mueller Water Products had a net margin of 3.17% and a return on equity of 16.10%. The firm had revenue of $192.80 million for the quarter, compared to the consensus estimate of $196.74 million. Sell-side analysts forecast that Mueller Water Products, Inc. will post 0.62 earnings per share for the current year.
MWA has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, January 9th. Boenning Scattergood reiterated a “neutral” rating on shares of Mueller Water Products in a research note on Tuesday, February 5th. TheStreet cut shares of Mueller Water Products from a “b-” rating to a “c” rating in a report on Tuesday, February 5th. Oppenheimer set a $13.00 price target on shares of Mueller Water Products and gave the company a “buy” rating in a research report on Wednesday, December 26th. Finally, ValuEngine raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Mueller Water Products currently has an average rating of “Hold” and a consensus target price of $12.58.
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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 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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