WFG Advisors LP Acquires 7,133 Shares of Mueller Water Products (MWA)

WFG Advisors LP raised its holdings in Mueller Water Products (NYSE:MWA) by 16.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,342 shares of the industrial products company’s stock after acquiring an additional 7,133 shares during the period. WFG Advisors LP’s holdings in Mueller Water Products were worth $600,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MWA. Bank of New York Mellon Corp raised its holdings in Mueller Water Products by 39.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,580,473 shares of the industrial products company’s stock valued at $18,680,000 after acquiring an additional 446,859 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Mueller Water Products by 29.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 94,960 shares of the industrial products company’s stock valued at $1,122,000 after acquiring an additional 21,750 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Mueller Water Products in the 1st quarter valued at about $630,000. Ameriprise Financial Inc. raised its holdings in Mueller Water Products by 81.3% in the 1st quarter. Ameriprise Financial Inc. now owns 464,796 shares of the industrial products company’s stock valued at $5,494,000 after acquiring an additional 208,390 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Mueller Water Products in the 1st quarter valued at about $197,000. Institutional investors own 84.72% of the company’s stock.

Shares of Mueller Water Products (NYSE:MWA) traded up 0.48% during mid-day trading on Monday, hitting $12.55. 338,891 shares of the stock were exchanged. The company has a 50-day moving average of $12.39 and a 200 day moving average of $11.76. Mueller Water Products has a one year low of $10.45 and a one year high of $14.20. The stock has a market cap of $1.99 billion, a PE ratio of 15.59 and a beta of 1.29.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $232.20 million during the quarter, compared to analyst estimates 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 previous year, the business posted $0.15 earnings per share. On average, equities analysts predict that Mueller Water Products will post $0.44 earnings per share for the current year.

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A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Mueller Water Products from a “hold” rating to a “sell” rating in a report on Friday, July 21st. Robert W. Baird reiterated a “hold” rating and issued a $13.00 price objective on shares of Mueller Water Products in a report on Friday, September 8th. Oppenheimer Holdings, Inc. set a $13.00 price objective on shares of Mueller Water Products and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Cowen and Company restated a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.75.

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.

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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