Mueller Water Products, Inc. (NYSE:MWA) Holdings Increased by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 167.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,927 shares of the industrial products company’s stock after buying an additional 14,351 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Mueller Water Products were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MWA. Earnest Partners LLC grew its position in shares of Mueller Water Products by 1.5% in the third quarter. Earnest Partners LLC now owns 8,262,308 shares of the industrial products company’s stock valued at $105,758,000 after purchasing an additional 125,808 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Mueller Water Products by 5.4% in the second quarter. Franklin Resources Inc. now owns 7,646,300 shares of the industrial products company’s stock valued at $89,308,000 after purchasing an additional 389,500 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Mueller Water Products by 0.4% in the third quarter. Gamco Investors INC. ET AL now owns 6,782,227 shares of the industrial products company’s stock valued at $86,813,000 after purchasing an additional 23,737 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mueller Water Products by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,306,195 shares of the industrial products company’s stock valued at $73,657,000 after purchasing an additional 745,251 shares during the last quarter. Finally, Impax Asset Management LTD grew its position in shares of Mueller Water Products by 3.6% in the third quarter. Impax Asset Management LTD now owns 5,238,941 shares of the industrial products company’s stock valued at $67,058,000 after purchasing an additional 183,481 shares during the last quarter. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mueller Water Products, Inc. (MWA) opened at $12.66 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73. Mueller Water Products, Inc. has a 12 month low of $10.84 and a 12 month high of $14.02. The firm 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 (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. equities analysts anticipate that Mueller Water Products, Inc. will post 0.54 EPS for the current fiscal year.

In related news, Chairman Gregory E. Hyland sold 50,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $12.27, for a total value of $613,500.00. Following the completion of the sale, the chairman now directly owns 979,481 shares in the company, valued at $12,018,231.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Evan Hart sold 167,016 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.11, for a total value of $2,022,563.76. Following the completion of the sale, the chief financial officer now owns 355,862 shares of the company’s stock, valued at $4,309,488.82. The disclosure for this sale can be found here. Insiders have sold 693,656 shares of company stock valued at $8,514,160 over the last quarter. Company insiders own 3.00% of the company’s stock.

Several equities analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued 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. Cowen reiterated a “hold” rating and issued a $12.00 price target on shares of Mueller Water Products in a research note on Thursday, September 21st. Boenning Scattergood reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Friday, November 10th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Mueller Water Products in a research note on Wednesday, October 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $14.00.

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Mueller Water Products 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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