Asset Management One Co. Ltd. Takes Position in Mueller Water Products, Inc. (NYSE:MWA)

Asset Management One Co. Ltd. bought a new stake in shares of Mueller Water Products, Inc. (NYSE:MWA) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 203,004 shares of the industrial products company’s stock, valued at approximately $2,207,000. Asset Management One Co. Ltd. owned approximately 0.13% of Mueller Water Products at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. UBS Asset Management Americas Inc. boosted its position in shares of Mueller Water Products by 4.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 106,033 shares of the industrial products company’s stock worth $1,329,000 after acquiring an additional 4,600 shares during the last quarter. Global X Management Co. LLC lifted its position 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 valued at $141,000 after buying an additional 4,845 shares in the last quarter. Stanley Laman Group Ltd. lifted its position in Mueller Water Products by 5.3% during the first quarter. Stanley Laman Group Ltd. now owns 113,891 shares of the industrial products company’s stock valued at $1,238,000 after buying an additional 5,783 shares in the last quarter. Whittier Trust Co. lifted its position in Mueller Water Products by 44.4% during the first quarter. Whittier Trust Co. now owns 22,749 shares of the industrial products company’s stock valued at $247,000 after buying an additional 6,999 shares in the last quarter. Finally, Ellington Management Group LLC lifted its position in Mueller Water Products by 34.7% during the fourth quarter. Ellington Management Group LLC now owns 27,200 shares of the industrial products company’s stock valued at $341,000 after buying an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. ValuEngine raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Tuesday, May 8th. Boenning Scattergood reissued a “hold” rating on shares of Mueller Water Products in a research report on Tuesday, May 8th. Cowen restated a “sell” rating and issued a $10.00 price target on shares of Mueller Water Products in a research note on Monday, April 2nd. Finally, Seaport Global Securities restated a “buy” rating on shares of Mueller Water Products in a research note on Wednesday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Mueller Water Products presently has a consensus rating of “Hold” and an average price target of $13.67.

Mueller Water Products stock opened at $11.72 on Wednesday. The stock has a market cap of $1.82 billion, a PE ratio of 26.64, a PEG ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.75 and a quick ratio of 4.38. Mueller Water Products, Inc. has a one year low of $9.59 and a one year high of $12.99.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Monday, May 7th. The industrial products company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $233.20 million during the quarter, compared to the consensus estimate of $213.37 million. Mueller Water Products had a net margin of 12.47% and a return on equity of 15.34%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. equities research analysts predict that Mueller Water Products, Inc. will post 0.55 EPS for the current year.

About Mueller Water Products

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates through Infrastructure and Technologies segments. The Infrastructure segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

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

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