Gamco Investors INC. ET AL Has $18,187,000 Position in Mueller Water Products (MWA)
Gamco Investors INC. ET AL boosted its position in shares of Mueller Water Products (NYSE:MWA) by 8.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,366,406 shares of the company’s stock after buying an additional 101,601 shares during the period. Gamco Investors INC. ET AL owned about 0.84% of Mueller Water Products worth $18,187,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Bancorp DE boosted its position in shares of Mueller Water Products by 111.0% in the third quarter. US Bancorp DE now owns 12,906 shares of the company’s stock worth $162,000 after buying an additional 6,789 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Mueller Water Products during the third quarter worth about $189,000. Murphy Capital Management Inc. boosted its position in shares of Mueller Water Products by 5.2% in the third quarter. Murphy Capital Management Inc. now owns 16,200 shares of the company’s stock worth $203,000 after buying an additional 800 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Mueller Water Products during the third quarter worth about $232,000. Finally, Intrust Bank NA boosted its position in shares of Mueller Water Products by 0.4% in the third quarter. Intrust Bank NA now owns 19,402 shares of the company’s stock worth $244,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 84.26% of the company’s stock.
Mueller Water Products (NYSE:MWA) traded down 0.750% on Friday, hitting $12.575. 416,305 shares of the stock traded hands. Mueller Water Products has a 1-year low of $8.29 and a 1-year high of $14.20. The stock has a 50-day moving average price of $13.15 and a 200 day moving average price of $12.69. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 31.916 and a beta of 1.35.
Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. Mueller Water Products had a net margin of 6.06% and a return on equity of 19.52%. The company earned $167.20 million during the quarter, compared to analyst estimates of $181.36 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts anticipate that Mueller Water Products will post $0.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Friday, February 10th will be paid a $0.04 dividend. This is an increase from Mueller Water Products’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, February 8th. Mueller Water Products’s dividend payout ratio (DPR) is presently 41.03%.
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A number of research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $15.00 price objective on shares of Mueller Water Products in a report on Wednesday, January 11th. Zacks Investment Research upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.30.
In other news, Director Jerry W. Kolb sold 34,341 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $12.98, for a total value of $445,746.18. Following the sale, the director now directly owns 23,855 shares in the company, valued at approximately $309,637.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Evan Hart sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $13.16, for a total transaction of $1,974,000.00. Following the completion of the sale, the chief financial officer now owns 270,065 shares in the company, valued at $3,554,055.40. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.
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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