Allianz Asset Management GmbH Has $13.13 Million Holdings in Mueller Water Products, Inc. (NYSE:MWA)

Allianz Asset Management GmbH boosted its holdings in Mueller Water Products, Inc. (NYSE:MWA) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,048,212 shares of the industrial products company’s stock after purchasing an additional 92,638 shares during the period. Allianz Asset Management GmbH owned about 0.66% of Mueller Water Products worth $13,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of Mueller Water Products by 45.0% in the 3rd quarter. Jennison Associates LLC now owns 2,348,643 shares of the industrial products company’s stock valued at $30,063,000 after acquiring an additional 729,104 shares during the period. SG Capital Management LLC bought a new position in shares of Mueller Water Products in the 4th quarter valued at about $7,246,000. Pinnacle Associates Ltd. acquired a new stake in shares of Mueller Water Products during the 4th quarter worth about $4,446,000. KBC Group NV lifted its stake in shares of Mueller Water Products by 69.5% during the 4th quarter. KBC Group NV now owns 835,002 shares of the industrial products company’s stock worth $10,463,000 after buying an additional 342,338 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Mueller Water Products by 15.1% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,746,617 shares of the industrial products company’s stock worth $22,357,000 after buying an additional 229,220 shares during the last quarter. 86.92% of the stock is owned by institutional investors and hedge funds.

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Mueller Water Products stock traded down $0.72 during midday trading on Monday, hitting $10.15. The company’s stock had a trading volume of 1,887,105 shares, compared to its average volume of 1,094,963. Mueller Water Products, Inc. has a 1-year low of $10.05 and a 1-year high of $12.99. The company has a quick ratio of 4.68, a current ratio of 6.19 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1,725.66, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.31 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, hitting the 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 quarter in the previous year, the company earned $0.04 EPS. The business’s revenue 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 fiscal year.

A number of analysts have recently issued reports on the stock. Cowen restated a “sell” rating and set a $10.00 target price on shares of Mueller Water Products in a research note on Monday. Nomura cut their target price on shares of 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. Boenning Scattergood cut shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a research note on Friday, February 2nd. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price 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.

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

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