Quantbot Technologies LP Invests $446,000 in Mueller Water Products (MWA) Stock
Quantbot Technologies LP purchased a new stake in shares of Mueller Water Products (NYSE:MWA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,888 shares of the industrial products company’s stock, valued at approximately $446,000.
Other large investors also recently added to or reduced their stakes in the company. Colony Group LLC bought a new stake in Mueller Water Products during the second quarter valued at about $135,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Mueller Water Products during the second quarter valued at about $140,000. Teacher Retirement System of Texas grew its holdings in Mueller Water Products by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 191 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Mueller Water Products by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 266 shares during the period. Finally, Tudor Investment Corp ET AL grew its holdings in Mueller Water Products by 38.3% during the first quarter. Tudor Investment Corp ET AL now owns 18,629 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 5,159 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Evan Hart sold 50,000 shares of the business’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 transaction, the chief financial officer now directly owns 321,247 shares in the company, valued at $3,887,088.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is owned by insiders.
Several analysts have issued reports on MWA shares. Boenning Scattergood reissued a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Thursday, November 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 11th. BidaskClub raised Mueller Water Products from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $13.00 price target on Mueller Water Products and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $14.00 price target on shares of Mueller Water Products in a report on Friday, November 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.75.
Mueller Water Products (NYSE MWA) opened at $12.28 on Friday. Mueller Water Products has a 52-week low of $10.84 and a 52-week high of $14.20. The company has a market capitalization of $1,941.00, a PE ratio of 28.56, a PEG ratio of 1.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 4.63.
Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business had revenue of $226.90 million for the quarter, compared to the consensus estimate of $227.14 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. sell-side analysts predict that Mueller Water Products will post 0.53 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were given a $0.04 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.16 annualized dividend and a dividend yield of 1.30%. Mueller Water Products’s payout ratio is 21.05%.
Mueller Water Products Company 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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