Cipher Capital LP Has $1.68 Million Holdings in Mueller Water Products (MWA)
Cipher Capital LP boosted its holdings in Mueller Water Products (NYSE:MWA) by 29.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,915 shares of the industrial products company’s stock after purchasing an additional 30,065 shares during the quarter. Cipher Capital LP owned 0.08% of Mueller Water Products worth $1,675,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Manning & Napier Advisors LLC acquired a new stake in Mueller Water Products in the 3rd quarter worth about $1,500,000. SG Americas Securities LLC increased its holdings in Mueller Water Products by 400.9% in the 3rd quarter. SG Americas Securities LLC now owns 50,680 shares of the industrial products company’s stock valued at $649,000 after buying an additional 40,562 shares during the period. Quantbot Technologies LP bought a new position in Mueller Water Products in the 3rd quarter valued at about $446,000. Jennison Associates LLC increased its holdings in Mueller Water Products by 45.0% in the 3rd quarter. Jennison Associates LLC now owns 2,348,643 shares of the industrial products company’s stock valued at $30,063,000 after buying an additional 729,104 shares during the period. Finally, Gabelli Funds LLC increased its holdings in Mueller Water Products by 11.5% in the 3rd quarter. Gabelli Funds LLC now owns 1,722,879 shares of the industrial products company’s stock valued at $22,053,000 after buying an additional 177,500 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.
MWA has been the topic of several recent analyst reports. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a report on Tuesday, September 5th. Robert W. Baird reissued a “hold” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 4th. BidaskClub lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 11th. Finally, Cowen and Company reissued a “hold” rating and issued a $12.00 target price on shares of Mueller Water Products in a report on Thursday, September 21st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.75.
In related news, CFO Evan Hart sold 50,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $12.10, for a total transaction of $605,000.00. Following the sale, the chief financial officer now directly owns 321,247 shares of the company’s stock, valued at approximately $3,887,088.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.30% of the company’s stock.
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Shares of Mueller Water Products (NYSE:MWA) opened at $12.26 on Thursday. The stock has a market cap of $1,914.13, a P/E ratio of 28.16, a P/E/G ratio of 1.53 and a beta of 1.32. The company has a current ratio of 5.90, a quick ratio of 4.63 and a debt-to-equity ratio of 1.03. Mueller Water Products has a 1-year low of $10.84 and a 1-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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $226.90 million for the quarter, compared to analyst estimates of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.83%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. research analysts anticipate that Mueller Water Products will post 0.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s dividend payout ratio (DPR) is presently 21.05%.
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.
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