BNP Paribas Arbitrage SA reduced its stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 52.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 34,034 shares of the industrial products company’s stock after selling 37,217 shares during the period. BNP Paribas Arbitrage SA’s holdings in MUELLER WATER PRODUCTS were worth $398,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of MUELLER WATER PRODUCTS by 14,036.8% in the 1st quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock worth $159,837,000 after buying an additional 13,426,906 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of MUELLER WATER PRODUCTS by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after buying an additional 1,017,949 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of MUELLER WATER PRODUCTS by 32.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock worth $78,939,000 after buying an additional 1,654,510 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of MUELLER WATER PRODUCTS by 92.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock worth $49,601,000 after buying an additional 2,135,336 shares during the last quarter. Finally, Impax Asset Management LTD boosted its stake in shares of MUELLER WATER PRODUCTS by 31.1% in the 1st quarter. Impax Asset Management LTD now owns 3,411,887 shares of the industrial products company’s stock worth $40,329,000 after buying an additional 809,000 shares during the last quarter. 84.73% of the stock is owned by hedge funds and other institutional investors.

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Shares of MUELLER WATER PRODUCTS (MWA) opened at 12.27 on Friday. The company has a market cap of $1.95 billion, a PE ratio of 15.24 and a beta of 1.36. MUELLER WATER PRODUCTS has a one year low of $10.45 and a one year high of $14.20. The firm’s 50-day moving average is $11.90 and its 200-day moving average is $11.69.

MUELLER WATER PRODUCTS (NYSE:MWA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 16.85%. The company had revenue of $232.20 million for the quarter, compared to analysts’ expectations of $235.07 million. During the same quarter in the previous year, the company earned $0.15 EPS. MUELLER WATER PRODUCTS’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that MUELLER WATER PRODUCTS will post $0.44 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Friday, August 11th were issued a $0.04 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. MUELLER WATER PRODUCTS’s dividend payout ratio is currently 20.00%.

A number of equities analysts have recently weighed in on MWA shares. BidaskClub upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $13.00 target price on MUELLER WATER PRODUCTS and gave the stock a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Robert W. Baird restated a “hold” rating and issued a $13.00 target price on shares of MUELLER WATER PRODUCTS in a research note on Friday, September 8th. Finally, Boenning Scattergood upgraded MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $13.88.

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.

Institutional Ownership by Quarter for MUELLER WATER PRODUCTS (NYSE:MWA)

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