PNC Financial Services Group Inc. boosted its position in Mueller Water Products, Inc. (NYSE:MWA – Get Rating) by 50.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,252 shares of the industrial products company’s stock after purchasing an additional 12,443 shares during the period. PNC Financial Services Group Inc.’s holdings in Mueller Water Products were worth $401,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MWA. Bank of Montreal Can lifted its stake in Mueller Water Products by 65.6% in the 1st quarter. Bank of Montreal Can now owns 28,439 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 11,270 shares in the last quarter. MetLife Investment Management LLC lifted its position in Mueller Water Products by 38.6% during the 1st quarter. MetLife Investment Management LLC now owns 75,681 shares of the industrial products company’s stock valued at $978,000 after acquiring an additional 21,068 shares during the period. APG Asset Management N.V. bought a new stake in Mueller Water Products during the 1st quarter valued at about $2,116,000. Sei Investments Co. grew its stake in shares of Mueller Water Products by 56.8% in the first quarter. Sei Investments Co. now owns 76,178 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 27,589 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of Mueller Water Products in the first quarter worth approximately $1,137,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Mueller Water Products Trading Up 6.1 %
Shares of MWA stock opened at $14.64 on Monday. The stock has a market cap of $2.29 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.81 and a beta of 1.29. The business has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $12.81. Mueller Water Products, Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $14.98. The company has a quick ratio of 1.82, a current ratio of 3.50 and a debt-to-equity ratio of 0.64.
Mueller Water Products (NYSE:MWA – Get Rating) last released its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Mueller Water Products had a net margin of 5.90% and a return on equity of 12.69%. The firm had revenue of $332.90 million during the quarter, compared to analyst estimates of $332.45 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Mueller Water Products, Inc. will post 0.67 earnings per share for the current fiscal year.
Mueller Water Products Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Wednesday, May 10th were issued a $0.061 dividend. The ex-dividend date was Tuesday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. Mueller Water Products’s dividend payout ratio (DPR) is 48.00%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. TD Cowen upgraded shares of Mueller Water Products from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $19.00 in a research report on Friday, May 5th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Mueller Water Products in a research report on Tuesday, May 9th. StockNews.com started coverage on shares of Mueller Water Products in a research note on Thursday, May 18th. They set a “hold” rating on the stock. DA Davidson reaffirmed a “neutral” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of Mueller Water Products from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average target price of $13.57.
Mueller Water Products Company Profile
(Get Rating)
Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products.
See Also
Want to see what other hedge funds are holding MWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Water Products, Inc. (NYSE:MWA – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mueller Water Products, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Mueller Water Products wasn’t on the list.
While Mueller Water Products currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
PNC Financial Services Group Inc. boosted its position in Mueller Water Products, Inc. (NYSE:MWA – Get Rating) by 50.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,252 shares of the industrial products company’s stock after purchasing an additional 12,443 shares during the period. PNC Financial Services Group Inc.’s holdings in Mueller Water Products were worth $401,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MWA. Bank of Montreal Can lifted its stake in Mueller Water Products by 65.6% in the 1st quarter. Bank of Montreal Can now owns 28,439 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 11,270 shares in the last quarter. MetLife Investment Management LLC lifted its position in Mueller Water Products by 38.6% during the 1st quarter. MetLife Investment Management LLC now owns 75,681 shares of the industrial products company’s stock valued at $978,000 after acquiring an additional 21,068 shares during the period. APG Asset Management N.V. bought a new stake in Mueller Water Products during the 1st quarter valued at about $2,116,000. Sei Investments Co. grew its stake in shares of Mueller Water Products by 56.8% in the first quarter. Sei Investments Co. now owns 76,178 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 27,589 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of Mueller Water Products in the first quarter worth approximately $1,137,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Mueller Water Products Trading Up 6.1 %
Shares of MWA stock opened at $14.64 on Monday. The stock has a market cap of $2.29 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.81 and a beta of 1.29. The business has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $12.81. Mueller Water Products, Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $14.98. The company has a quick ratio of 1.82, a current ratio of 3.50 and a debt-to-equity ratio of 0.64.
Mueller Water Products (NYSE:MWA – Get Rating) last released its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Mueller Water Products had a net margin of 5.90% and a return on equity of 12.69%. The firm had revenue of $332.90 million during the quarter, compared to analyst estimates of $332.45 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts forecast that Mueller Water Products, Inc. will post 0.67 earnings per share for the current fiscal year.
Mueller Water Products Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Wednesday, May 10th were issued a $0.061 dividend. The ex-dividend date was Tuesday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. Mueller Water Products’s dividend payout ratio (DPR) is 48.00%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. TD Cowen upgraded shares of Mueller Water Products from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $11.00 to $19.00 in a research report on Friday, May 5th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Mueller Water Products in a research report on Tuesday, May 9th. StockNews.com started coverage on shares of Mueller Water Products in a research note on Thursday, May 18th. They set a “hold” rating on the stock. DA Davidson reaffirmed a “neutral” rating on shares of Mueller Water Products in a research note on Wednesday, May 10th. Finally, The Goldman Sachs Group boosted their price objective on shares of Mueller Water Products from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average target price of $13.57.
Mueller Water Products Company Profile
(Get Rating)
Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products.
See Also
Want to see what other hedge funds are holding MWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Water Products, Inc. (NYSE:MWA – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mueller Water Products, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Mueller Water Products wasn’t on the list.
While Mueller Water Products currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
