California Public Employees Retirement System Increases Stake in Mueller Water Products, Inc. (MWA)

California Public Employees Retirement System grew its stake in shares of Mueller Water Products, Inc. (NYSE:MWA) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 455,848 shares of the industrial products company’s stock after buying an additional 13,748 shares during the period. California Public Employees Retirement System owned 0.29% of Mueller Water Products worth $5,835,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Colony Group LLC bought a new stake in Mueller Water Products in the 2nd quarter worth approximately $135,000. Boothbay Fund Management LLC bought a new stake in Mueller Water Products in the 3rd quarter worth approximately $158,000. Ameritas Investment Partners Inc. increased its stake in Mueller Water Products by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 266 shares during the last quarter. Koch Industries Inc. bought a new stake in Mueller Water Products in the 2nd quarter worth approximately $190,000. Finally, Magnetar Financial LLC bought a new stake in Mueller Water Products in the 3rd quarter worth approximately $192,000. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on MWA shares. Boenning Scattergood reissued a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a research report on Thursday, November 2nd. Royal Bank of Canada reissued a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a research report on Wednesday, October 11th. Robert W. Baird reissued a “hold” rating and set a $14.00 target price on shares of Mueller Water Products in a research report on Wednesday, October 4th. Cowen reissued a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a research report on Thursday, September 21st. Finally, Oppenheimer reissued an “outperform” rating and set a $15.00 target price on shares of Mueller Water Products in a research report on Thursday, December 28th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.00.

In other Mueller Water Products news, CFO Evan Hart sold 49,883 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total value of $612,563.24. Following the transaction, the chief financial officer now directly owns 145,530 shares in the company, valued at $1,787,108.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gregory E. Hyland sold 84,514 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $12.27, for a total transaction of $1,036,986.78. Following the completion of the transaction, the insider now owns 979,481 shares in the company, valued at $12,018,231.87. The disclosure for this sale can be found here. In the last three months, insiders sold 693,656 shares of company stock worth $8,514,160. 3.00% of the stock is currently owned by insiders.

Mueller Water Products, Inc. (MWA) opened at $12.66 on Friday. The company has a market capitalization of $1,977.00, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.33. Mueller Water Products, Inc. has a 12-month low of $10.84 and a 12-month high of $14.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75.

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

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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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