MUELLER WATER PRODUCTS (MWA) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 2.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 570,091 shares of the industrial products company’s stock after buying an additional 14,170 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.36% of MUELLER WATER PRODUCTS worth $6,659,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL purchased a new position in shares of MUELLER WATER PRODUCTS during the first quarter valued at about $124,000. Bluestein R H & Co. bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at about $118,000. Nomura Holdings Inc. bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at about $125,000. BlueCrest Capital Management Ltd bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at about $133,000. Finally, Teza Capital Management LLC bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter valued at about $136,000. 84.73% of the stock is currently owned by institutional investors.
Shares of MUELLER WATER PRODUCTS (NYSE MWA) opened at 11.99 on Friday. The stock’s 50 day moving average price is $11.69 and its 200 day moving average price is $11.73. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 14.89 and a beta of 1.37. 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 issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Analysts forecast that MUELLER WATER PRODUCTS will post $0.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.33%. MUELLER WATER PRODUCTS’s payout ratio is currently 20.00%.
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Several brokerages have issued reports on MWA. Zacks Investment Research raised MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Oppenheimer Holdings, Inc. set a $13.00 target price on MUELLER WATER PRODUCTS and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, CIBC reaffirmed a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Wednesday, May 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. MUELLER WATER PRODUCTS has a consensus rating of “Buy” and an average price target of $14.00.
In related news, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the completion of the transaction, the director now owns 39,157 shares in the company, valued at $446,389.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.30% of the company’s stock.
About MUELLER WATER PRODUCTS
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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