Cramer Rosenthal Mcglynn LLC grew its position in Mueller Water Products, Inc. (NYSE:MWA) by 22.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,143,332 shares of the industrial products company’s stock after buying an additional 396,715 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 1.35% of Mueller Water Products worth $26,856,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MWA. Aperio Group LLC raised its holdings in Mueller Water Products by 13.0% in the third quarter. Aperio Group LLC now owns 67,425 shares of the industrial products company’s stock worth $863,000 after buying an additional 7,747 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Mueller Water Products during the third quarter valued at approximately $255,000. Jennison Associates LLC raised its holdings in shares of Mueller Water Products by 45.0% during the third quarter. Jennison Associates LLC now owns 2,348,643 shares of the industrial products company’s stock valued at $30,063,000 after purchasing an additional 729,104 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Mueller Water Products during the third quarter valued at approximately $446,000. Finally, SG Americas Securities LLC raised its holdings in shares of Mueller Water Products by 400.9% during the third quarter. SG Americas Securities LLC now owns 50,680 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 40,562 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.
MWA has been the subject of several research reports. Nomura decreased their price objective on shares of Mueller Water Products from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a report on Friday, February 2nd. Oppenheimer reissued 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 cut shares of Mueller Water Products from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.71.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. Mueller Water Products had a net margin of 20.51% and a return on equity of 15.25%. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $176.13 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. equities research analysts predict that Mueller Water Products, Inc. will post 0.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th were issued a dividend of $0.05 per share. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Thursday, February 8th. Mueller Water Products’s dividend payout ratio is currently 52.63%.
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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.
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