Duality Advisers LP Acquires New Stake in Mueller Water Products, Inc. (NYSE:MWA)

Duality Advisers LP acquired a new stake in Mueller Water Products, Inc. (NYSE:MWA – Get Rating) during the third quarter, according to its most recent filing with the SEC. The firm acquired 43,843 shares of the industrial products company’s stock, valued at approximately $450,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of Mueller Water Products by 22.8% during the 1st quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 1,036 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Mueller Water Products during the 2nd quarter worth $127,000. Synovus Financial Corp boosted its position in shares of Mueller Water Products by 25.6% during the 3rd quarter. Synovus Financial Corp now owns 13,371 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 2,727 shares in the last quarter. Glenview Trust Co boosted its position in shares of Mueller Water Products by 12.5% during the 2nd quarter. Glenview Trust Co now owns 16,133 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,790 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Mueller Water Products by 580.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,909 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 12,719 shares in the last quarter. 88.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mueller Water Products

In related news, Director Michael T. Tokarz sold 4,189 shares of the business’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $11.34, for a total value of $47,503.26. Following the completion of the transaction, the director now owns 376,499 shares of the company’s stock, valued at approximately $4,269,498.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lydia W. Thomas sold 12,578 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $11.73, for a total transaction of $147,539.94. Following the completion of the transaction, the director now owns 115,618 shares of the company’s stock, valued at approximately $1,356,199.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael T. Tokarz sold 4,189 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $11.34, for a total transaction of $47,503.26. Following the transaction, the director now directly owns 376,499 shares of the company’s stock, valued at approximately $4,269,498.66. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Mueller Water Products Trading Up 0.2 %

Shares of MWA stock opened at $12.09 on Wednesday. The firm has a 50-day moving average price of $11.41 and a 200 day moving average price of $11.41. Mueller Water Products, Inc. has a twelve month low of $9.90 and a twelve month high of $13.99. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.58 and a beta of 1.26. The company has a current ratio of 2.82, a quick ratio of 1.67 and a debt-to-equity ratio of 0.67.

Mueller Water Products (NYSE:MWA – Get Rating) last announced its earnings results on Monday, November 7th. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Mueller Water Products had a net margin of 6.14% and a return on equity of 13.19%. The firm had revenue of $331.40 million during the quarter, compared to analyst estimates of $319.74 million. Research analysts forecast that Mueller Water Products, Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MWA shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mueller Water Products from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Tuesday, January 10th. Cowen decreased their price objective on shares of Mueller Water Products to $11.00 in a research report on Friday, September 30th. TheStreet lowered shares of Mueller Water Products from a “b-” rating to a “c+” rating in a research report on Monday, October 10th. Northcoast Research upgraded shares of Mueller Water Products from a “neutral” rating to a “buy” rating in a research report on Monday, November 21st. Finally, StockNews.com assumed coverage on shares of Mueller Water Products in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Mueller Water Products Company Profile

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Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. The company operates in two segments, Water Flow Solutions and Water Management Solutions.