OxFORD Asset Management LLP Invests $1.26 Million in Mueller Water Products, Inc. (NYSE:MWA) Stock

OxFORD Asset Management LLP purchased a new stake in Mueller Water Products, Inc. (NYSE:MWA) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 97,713 shares of the industrial products company’s stock, valued at approximately $1,256,000. OxFORD Asset Management LLP owned about 0.06% of Mueller Water Products as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Mueller Water Products by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,091 shares of the industrial products company’s stock valued at $6,659,000 after acquiring an additional 14,170 shares during the last quarter. Greenwood Capital Associates LLC raised its holdings in Mueller Water Products by 10.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 20,896 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 1,959 shares during the last quarter. Chilton Investment Co. LLC raised its holdings in Mueller Water Products by 1,814.8% in the 2nd quarter. Chilton Investment Co. LLC now owns 744,724 shares of the industrial products company’s stock valued at $8,698,000 after acquiring an additional 705,830 shares during the last quarter. Usca Ria LLC acquired a new position in Mueller Water Products in the 2nd quarter valued at $260,000. Finally, Royce & Associates LP raised its holdings in Mueller Water Products by 4.5% in the 2nd quarter. Royce & Associates LP now owns 2,059,276 shares of the industrial products company’s stock valued at $24,052,000 after acquiring an additional 88,700 shares during the last quarter. Institutional investors own 84.03% of the company’s stock.

Mueller Water Products, Inc. (NYSE MWA) traded up $0.23 during mid-day trading on Thursday, hitting $12.47. The stock had a trading volume of 654,026 shares, compared to its average volume of 692,678. The firm has a market cap of $1,980.00, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. The company has a current ratio of 4.73, a quick ratio of 3.75 and a debt-to-equity ratio of 0.97. Mueller Water Products, Inc. has a 1-year low of $10.84 and a 1-year high of $14.02.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. equities analysts forecast that Mueller Water Products, Inc. will post 0.54 earnings per share for the current year.

In related news, insider Gregory E. Hyland sold 142,243 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.37, for a total transaction of $1,759,545.91. Following the completion of the sale, the insider now directly owns 979,481 shares of the company’s stock, valued at approximately $12,116,179.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Evan Hart sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $12.10, for a total transaction of $605,000.00. Following the sale, the chief financial officer now directly owns 321,247 shares of the company’s stock, valued at $3,887,088.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 693,656 shares of company stock valued at $8,514,160. 3.00% of the stock is owned by corporate insiders.

Several research analysts have weighed in on MWA shares. Robert W. Baird reiterated a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a report on Wednesday, October 11th. Boenning Scattergood reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a report on Thursday, November 2nd. Oppenheimer restated an “outperform” rating and set a $15.00 price objective on shares of Mueller Water Products in a report on Thursday, December 28th. They noted that the move was a valuation call. Finally, Cowen restated a “hold” rating and set a $12.00 price objective 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 given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $14.00.

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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.

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

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