Royce & Associates LP Has $24.05 Million Stake in MUELLER WATER PRODUCTS (MWA)
Royce & Associates LP increased its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,059,276 shares of the industrial products company’s stock after buying an additional 88,700 shares during the period. Royce & Associates LP owned about 1.29% of MUELLER WATER PRODUCTS worth $24,052,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Usca Ria LLC bought a new position in MUELLER WATER PRODUCTS during the second quarter valued at about $260,000. Thompson Investment Management Inc. raised its position in MUELLER WATER PRODUCTS by 22.1% in the second quarter. Thompson Investment Management Inc. now owns 33,125 shares of the industrial products company’s stock valued at $387,000 after buying an additional 6,000 shares during the last quarter. Marshall Wace North America L.P. raised its position in MUELLER WATER PRODUCTS by 127.2% in the second quarter. Marshall Wace North America L.P. now owns 405,818 shares of the industrial products company’s stock valued at $4,869,000 after buying an additional 227,171 shares during the last quarter. BB&T Securities LLC raised its position in MUELLER WATER PRODUCTS by 54.9% in the second quarter. BB&T Securities LLC now owns 18,784 shares of the industrial products company’s stock valued at $219,000 after buying an additional 6,661 shares during the last quarter. Finally, Blair William & Co. IL raised its position in MUELLER WATER PRODUCTS by 105.0% in the second quarter. Blair William & Co. IL now owns 20,500 shares of the industrial products company’s stock valued at $239,000 after buying an additional 10,500 shares during the last quarter. Institutional investors own 84.73% of the company’s stock.
MUELLER WATER PRODUCTS (NYSE:MWA) opened at 11.55 on Tuesday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.35 and a beta of 1.37. The company has a 50 day moving average price of $11.65 and a 200 day moving average price of $11.76. MUELLER WATER PRODUCTS has a 12 month low of $10.45 and a 12 month high of $14.20.
MUELLER WATER PRODUCTS (NYSE:MWA) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. MUELLER WATER PRODUCTS had a return on equity of 16.85% and a net margin of 14.47%. The firm had revenue of $232.20 million during the quarter, compared to analyst estimates of $235.07 million. During the same quarter in the prior year, the company earned $0.15 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that MUELLER WATER PRODUCTS will post $0.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, August 9th. MUELLER WATER PRODUCTS’s dividend payout ratio is currently 20.00%.
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Several equities analysts have recently issued reports on the company. BidaskClub lowered MUELLER WATER PRODUCTS from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 target price on MUELLER WATER PRODUCTS and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, CIBC reiterated a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.00.
In other news, Director Shirley C. Franklin sold 9,156 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the transaction, the director now owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
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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