TIAA CREF Investment Management LLC decreased its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 758,254 shares of the industrial products company’s stock after selling 30,134 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Mueller Water Products were worth $9,501,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Belpointe Asset Management LLC purchased a new stake in Mueller Water Products during the third quarter worth approximately $131,000. AMP Capital Investors Ltd purchased a new stake in Mueller Water Products during the fourth quarter worth approximately $128,000. Virtu Financial LLC purchased a new stake in Mueller Water Products during the fourth quarter worth approximately $129,000. Global X Management Co. LLC lifted its stake in Mueller Water Products by 75.2% during the fourth quarter. Global X Management Co. LLC now owns 11,284 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in Mueller Water Products during the third quarter worth approximately $158,000. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Shares of NYSE MWA opened at $10.32 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 6.19 and a quick ratio of 4.68. Mueller Water Products, Inc. has a twelve month low of $10.01 and a twelve month high of $12.99. The company has a market capitalization of $1,638.34, a price-to-earnings ratio of 23.45, a PEG ratio of 1.26 and a beta of 1.19.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data 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. Mueller Water Products had a return on equity of 15.25% and a net margin of 20.51%. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts anticipate that Mueller Water Products, Inc. will post 0.54 earnings per share for the current year.
MWA has been the subject of several recent analyst reports. Oppenheimer restated an “outperform” rating and set a $15.00 target price on shares of Mueller Water Products in a research note on Thursday, December 28th. They noted that the move was a valuation call. Cowen restated a “sell” rating and set a $10.00 target price on shares of Mueller Water Products in a research note on Monday, April 2nd. Nomura decreased their target price on Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, Boenning Scattergood cut Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Mueller Water Products presently has a consensus rating of “Hold” and an average price target of $13.57.
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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.
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