MUELLER WATER PRODUCTS (MWA) Holdings Reduced by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC reduced its holdings in MUELLER WATER PRODUCTS (NYSE:MWA) by 70.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,910 shares of the industrial products company’s stock after selling 436,340 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.12% of MUELLER WATER PRODUCTS worth $2,183,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in MUELLER WATER PRODUCTS in the 2nd quarter worth approximately $140,000. HighTower Advisors LLC bought a new position in MUELLER WATER PRODUCTS in the 1st quarter worth approximately $143,000. Teacher Retirement System of Texas grew its holdings in shares of MUELLER WATER PRODUCTS by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 191 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of MUELLER WATER PRODUCTS by 38.3% during the 1st quarter. Tudor Investment Corp ET AL now owns 18,629 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 5,159 shares in the last quarter. Finally, BB&T Securities LLC grew its holdings in shares of MUELLER WATER PRODUCTS by 54.9% during the 2nd quarter. BB&T Securities LLC now owns 18,784 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 6,661 shares in the last quarter. 84.05% of the stock is currently owned by institutional investors.
Shares of MUELLER WATER PRODUCTS (NYSE:MWA) opened at $12.12 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.90 and a quick ratio of 4.63. The company has a market capitalization of $1,937.97, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.54 and a beta of 1.32. MUELLER WATER PRODUCTS has a one year low of $10.84 and a one year high of $14.20.
MUELLER WATER PRODUCTS (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. MUELLER WATER PRODUCTS had a return on equity of 15.83% and a net margin of 14.93%. MUELLER WATER PRODUCTS’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. equities analysts forecast that MUELLER WATER PRODUCTS will post 0.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, November 9th. MUELLER WATER PRODUCTS’s dividend payout ratio is 21.05%.
In related news, CFO Evan Hart sold 167,016 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $12.11, for a total value of $2,022,563.76. Following the sale, the chief financial officer now owns 355,862 shares of the company’s stock, valued at approximately $4,309,488.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is owned by insiders.
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Several analysts have recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Wednesday, October 4th. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Wednesday, October 11th. Cowen and Company reissued a “hold” rating and set a $12.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Thursday, September 21st. Boenning Scattergood raised MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Tuesday, September 5th. Finally, Zacks Investment Research raised MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $13.75.
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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