UBS Asset Management Americas Inc. raised its position in MUELLER WATER PRODUCTS (NYSE:MWA) by 29.7% during the first quarter, Holdings Channel reports. The firm owned 94,960 shares of the industrial products company’s stock after buying an additional 21,750 shares during the period. UBS Asset Management Americas Inc.’s holdings in MUELLER WATER PRODUCTS were worth $1,122,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MWA. Stevens First Principles Investment Advisors boosted its position in MUELLER WATER PRODUCTS by 841.5% in the first quarter. Stevens First Principles Investment Advisors now owns 51,780 shares of the industrial products company’s stock worth $612,000 after buying an additional 46,280 shares during the period. Wells Fargo & Company MN boosted its position in MUELLER WATER PRODUCTS by 6.0% in the first quarter. Wells Fargo & Company MN now owns 2,481,140 shares of the industrial products company’s stock worth $29,327,000 after buying an additional 140,739 shares during the period. First Manhattan Co. boosted its position in MUELLER WATER PRODUCTS by 4.6% in the first quarter. First Manhattan Co. now owns 369,848 shares of the industrial products company’s stock worth $4,641,000 after buying an additional 16,396 shares during the period. Americafirst Capital Management LLC acquired a new position in MUELLER WATER PRODUCTS during the first quarter worth approximately $176,000. Finally, Contravisory Investment Management Inc. acquired a new position in MUELLER WATER PRODUCTS during the first quarter worth approximately $164,000. 87.36% of the stock is owned by institutional investors.

MUELLER WATER PRODUCTS (MWA) opened at 11.49 on Monday. MUELLER WATER PRODUCTS has a one year low of $10.45 and a one year high of $14.20. The firm has a market cap of $1.83 billion, a PE ratio of 15.51 and a beta of 1.38. The firm has a 50-day moving average price of $11.32 and a 200-day moving average price of $12.24.

MUELLER WATER PRODUCTS (NYSE:MWA) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. MUELLER WATER PRODUCTS had a return on equity of 18.45% and a net margin of 12.45%. The business had revenue of $199.70 million for the quarter, compared to the consensus estimate of $206 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts expect that MUELLER WATER PRODUCTS will post $0.45 EPS for the current fiscal year.

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A number of equities analysts have recently commented on the company. Nomura assumed coverage on MUELLER WATER PRODUCTS in a report on Wednesday, April 12th. They set a “buy” rating and a $15.00 price target for the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $15.00 price target on shares of MUELLER WATER PRODUCTS in a report on Thursday, March 23rd. CIBC reissued an “outperform” rating and set a $15.00 price target on shares of MUELLER WATER PRODUCTS in a report on Friday, March 24th. Zacks Investment Research raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, April 11th. Finally, BidaskClub raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.71.

In other MUELLER WATER PRODUCTS news, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total transaction of $633,372.00. Following the sale, the director now owns 27,303 shares in the company, valued at $306,612.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the sale, the director now owns 39,157 shares in the company, valued at approximately $446,389.80. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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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Institutional Ownership by Quarter for MUELLER WATER PRODUCTS (NYSE:MWA)

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