Boothbay Fund Management LLC acquired a new stake in Mueller Water Products (NYSE:MWA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,359 shares of the industrial products company’s stock, valued at approximately $158,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colony Group LLC acquired a new position in Mueller Water Products in the 2nd quarter valued at $135,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Mueller Water Products in the 2nd quarter worth $140,000. Teacher Retirement System of Texas increased its stake in shares of Mueller Water Products by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 191 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Mueller Water Products by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 266 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Mueller Water Products in the 2nd quarter worth $190,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Mueller Water Products (NYSE MWA) traded down $0.11 during trading on Friday, reaching $12.44. The company had a trading volume of 2,309,900 shares, compared to its average volume of 1,248,490. Mueller Water Products has a 12 month low of $10.84 and a 12 month high of $14.02. The stock has a market cap of $1,983.67, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a quick ratio of 3.75, a current ratio of 4.73 and a debt-to-equity ratio of 0.97.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $226.90 million during the quarter, compared to analysts’ expectations of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. equities research analysts anticipate that Mueller Water Products will post 0.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, November 9th. Mueller Water Products’s payout ratio is presently 21.05%.

In other news, insider Gregory E. Hyland sold 142,243 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total transaction of $1,759,545.91. Following the sale, the insider now owns 979,481 shares of the company’s stock, valued at approximately $12,116,179.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Evan Hart sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $12.10, for a total value of $605,000.00. Following the sale, the chief financial officer now directly owns 321,247 shares in the company, valued at approximately $3,887,088.70. The disclosure for this sale can be found here. Insiders sold a total of 693,656 shares of company stock valued at $8,514,160 in the last quarter. Company insiders own 4.30% of the company’s stock.

A number of analysts have issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $13.00 target price on shares of Mueller Water Products in a research note on Friday, September 8th. Cowen reaffirmed a “hold” rating and issued a $12.00 target price on shares of Mueller Water Products in a research note on Thursday, September 21st. Boenning Scattergood reaffirmed a “buy” rating and issued a $14.00 target price on shares of Mueller Water Products in a research note on Thursday, November 2nd. BidaskClub cut Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.75.

ILLEGAL ACTIVITY NOTICE: “Boothbay Fund Management LLC Acquires New Position in Mueller Water Products (MWA)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.watchlistnews.com/boothbay-fund-management-llc-acquires-new-position-in-mueller-water-products-mwa/1765972.html.

Mueller Water Products Profile

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.

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 (NYSE:MWA).

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.