Capital Fund Management S.A. bought a new position in shares of Mueller Water Products Inc. (NYSE:MWA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 65,667 shares of the company’s stock, valued at approximately $750,000.
Several other large investors have also modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of Mueller Water Products by 193.9% in the second quarter. American Century Companies Inc. now owns 574,166 shares of the company’s stock worth $6,557,000 after buying an additional 378,773 shares in the last quarter. RS Investment Management Co. LLC purchased a new position in shares of Mueller Water Products during the second quarter worth approximately $15,590,000. Murphy Capital Management Inc. purchased a new position in shares of Mueller Water Products during the second quarter worth approximately $175,000. Fox Run Management L.L.C. boosted its position in shares of Mueller Water Products by 18.1% in the second quarter. Fox Run Management L.L.C. now owns 18,900 shares of the company’s stock worth $216,000 after buying an additional 2,900 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Mueller Water Products by 98.3% in the second quarter. BNP Paribas Arbitrage SA now owns 25,048 shares of the company’s stock worth $286,000 after buying an additional 12,416 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
Mueller Water Products Inc. (NYSE:MWA) remained flat at $11.95 on Monday. The stock had a trading volume of 480,193 shares. Mueller Water Products Inc. has a 12-month low of $7.52 and a 12-month high of $13.50. The firm has a market cap of $1.93 billion, a P/E ratio of 32.30 and a beta of 1.33. The firm’s 50-day moving average price is $12.22 and its 200-day moving average price is $11.28.
Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm earned $310 million during the quarter, compared to analyst estimates of $301 million. Mueller Water Products had a net margin of 5.20% and a return on equity of 20.05%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. On average, equities analysts forecast that Mueller Water Products Inc. will post $0.49 earnings per share for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. DA Davidson increased their price target on Mueller Water Products from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. Finally, Boenning Scattergood cut Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $12.25.
Mueller Water Products Company Profile
Mueller Water Products, Inc, is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries.
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