Mueller Water Products, Inc. (MWA) Holdings Lifted by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,016,800 shares of the industrial products company’s stock after acquiring an additional 13,293 shares during the period. Northern Trust Corp owned approximately 1.27% of Mueller Water Products worth $21,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in Mueller Water Products by 2.9% during the fourth quarter. California Public Employees Retirement System now owns 468,855 shares of the industrial products company’s stock worth $5,875,000 after acquiring an additional 13,007 shares in the last quarter. Deutsche Bank AG lifted its holdings in Mueller Water Products by 49.6% during the fourth quarter. Deutsche Bank AG now owns 1,977,985 shares of the industrial products company’s stock worth $24,781,000 after acquiring an additional 655,742 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Mueller Water Products by 3.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 962,174 shares of the industrial products company’s stock worth $12,057,000 after acquiring an additional 31,525 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Mueller Water Products by 5.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 429,781 shares of the industrial products company’s stock worth $5,385,000 after acquiring an additional 20,966 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Mueller Water Products by 13.0% during the fourth quarter. First Trust Advisors LP now owns 1,177,278 shares of the industrial products company’s stock worth $14,751,000 after acquiring an additional 135,675 shares in the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Several research analysts have weighed in on MWA shares. Cowen reiterated a “sell” rating and set a $10.00 target price on shares of Mueller Water Products in a report on Monday, April 2nd. ValuEngine lowered Mueller Water Products from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Boenning Scattergood restated a “hold” rating on shares of Mueller Water Products in a report on Tuesday, May 8th. Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Finally, Seaport Global Securities restated a “buy” rating on shares of Mueller Water Products in a report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.67.

Shares of Mueller Water Products opened at $11.55 on Monday, MarketBeat.com reports. The stock has a market capitalization of $1.82 billion, a PE ratio of 26.25, a PEG ratio of 1.40 and a beta of 1.19. Mueller Water Products, Inc. has a one year low of $9.59 and a one year high of $12.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.38 and a current ratio of 5.75.

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

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

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