Mutual of America Capital Management LLC cut its stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392,708 shares of the industrial products company’s stock after selling 13,722 shares during the period. Mutual of America Capital Management LLC owned approximately 0.25% of MUELLER WATER PRODUCTS worth $4,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of MUELLER WATER PRODUCTS by 14,036.8% in the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after purchasing an additional 13,426,906 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of MUELLER WATER PRODUCTS by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock valued at $149,528,000 after purchasing an additional 1,017,949 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of MUELLER WATER PRODUCTS by 5.4% in the second quarter. Franklin Resources Inc. now owns 7,646,300 shares of the industrial products company’s stock valued at $89,308,000 after purchasing an additional 389,500 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of MUELLER WATER PRODUCTS by 32.4% in the second quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock valued at $78,939,000 after purchasing an additional 1,654,510 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of MUELLER WATER PRODUCTS by 92.8% in the second quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock valued at $49,601,000 after purchasing an additional 2,135,336 shares in the last quarter. Institutional investors and hedge funds own 84.72% of the company’s stock.

MUELLER WATER PRODUCTS (MWA) opened at 12.64 on Friday. The company has a 50 day moving average of $11.93 and a 200-day moving average of $11.67. The firm has a market cap of $2.00 billion, a PE ratio of 15.70 and a beta of 1.36. MUELLER WATER PRODUCTS has a one year low of $10.45 and a one year high of $14.20.

MUELLER WATER PRODUCTS (NYSE:MWA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $232.20 million during the quarter, compared to the consensus estimate of $235.07 million. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 16.85%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, equities research analysts predict that MUELLER WATER PRODUCTS will post $0.44 earnings per share for the current year.

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A number of research analysts recently weighed in on the stock. Cowen and Company restated a “hold” rating and issued a $12.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Thursday. Robert W. Baird restated a “hold” rating and issued a $13.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Friday, September 8th. Boenning Scattergood upgraded shares of MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a report on Tuesday, September 5th. BidaskClub cut shares of MUELLER WATER PRODUCTS from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. MUELLER WATER PRODUCTS has an average rating of “Buy” and a consensus target price of $13.67.

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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Institutional Ownership by Quarter for MUELLER WATER PRODUCTS (NYSE:MWA)

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