BlackRock Inc. cut its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 18.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,435,774 shares of the industrial products company’s stock after selling 2,404,117 shares during the period. BlackRock Inc. owned approximately 6.58% of Mueller Water Products worth $130,760,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Mueller Water Products by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,228 shares of the industrial products company’s stock valued at $2,656,000 after acquiring an additional 15,901 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Mueller Water Products by 7.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 930,649 shares of the industrial products company’s stock valued at $11,913,000 after acquiring an additional 64,086 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Mueller Water Products during the 3rd quarter valued at about $1,286,000. OxFORD Asset Management LLP acquired a new stake in shares of Mueller Water Products during the 3rd quarter valued at about $1,256,000. Finally, Nordea Investment Management AB grew its position in shares of Mueller Water Products by 7.4% during the 3rd quarter. Nordea Investment Management AB now owns 549,033 shares of the industrial products company’s stock valued at $7,028,000 after acquiring an additional 38,008 shares during the period. Hedge funds and other institutional investors own 86.92% of the company’s stock.
MWA stock opened at $10.60 on Friday. The firm has a market cap of $1,782.81, a PE ratio of 10.00, a P/E/G ratio of 1.35 and a beta of 1.21. Mueller Water Products, Inc. has a 12 month low of $10.54 and a 12 month high of $12.99. The company has a quick ratio of 4.68, a current ratio of 6.19 and a debt-to-equity ratio of 0.89.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. The firm had revenue of $178.30 million for the quarter, compared to analyst estimates of $176.13 million. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. Mueller Water Products’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. equities analysts anticipate that Mueller Water Products, Inc. will post 0.54 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Nomura dropped their target price on Mueller Water Products from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Boenning Scattergood lowered shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Finally, Cowen lowered shares of Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $13.71.
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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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