Prudential Financial Inc. decreased its position in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 49.0% during the first quarter, Holdings Channel reports. The firm owned 109,421 shares of the industrial products company’s stock after selling 105,100 shares during the period. Prudential Financial Inc.’s holdings in MUELLER WATER PRODUCTS were worth $1,293,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Teza Capital Management LLC bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter worth about $136,000. Tudor Investment Corp Et Al bought a new stake in shares of MUELLER WATER PRODUCTS during the fourth quarter worth about $179,000. Contravisory Investment Management Inc. bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter worth about $164,000. Worth Venture Partners LLC raised its stake in shares of MUELLER WATER PRODUCTS by 8.8% in the first quarter. Worth Venture Partners LLC now owns 14,061 shares of the industrial products company’s stock worth $166,000 after buying an additional 1,140 shares during the period. Finally, Americafirst Capital Management LLC bought a new stake in shares of MUELLER WATER PRODUCTS during the first quarter worth about $176,000. 87.36% of the stock is owned by institutional investors.

MUELLER WATER PRODUCTS (NYSE MWA) opened at 11.51 on Tuesday. The company has a market cap of $1.84 billion, a P/E ratio of 15.53 and a beta of 1.38. MUELLER WATER PRODUCTS has a one year low of $10.45 and a one year high of $14.20. The company has a 50-day moving average of $11.32 and a 200 day moving average of $12.24.

MUELLER WATER PRODUCTS (NYSE:MWA) last announced its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $199.70 million during the quarter, compared to analysts’ expectations of $206 million. MUELLER WATER PRODUCTS had a net margin of 12.45% and a return on equity of 18.45%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Equities research analysts predict that MUELLER WATER PRODUCTS will post $0.45 EPS for the current year.

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Several research firms recently issued reports on MWA. BidaskClub lowered shares of MUELLER WATER PRODUCTS from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. CIBC reduced their price objective on shares of MUELLER WATER PRODUCTS from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of MUELLER WATER PRODUCTS in a research note on Thursday, March 23rd. Zacks Investment Research lowered shares of MUELLER WATER PRODUCTS from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Nomura began coverage on shares of MUELLER WATER PRODUCTS in a research note on Wednesday, April 12th. They issued a “buy” rating and a $15.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.71.

In other news, Director Bernard G. Rethore sold 56,400 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total transaction of $633,372.00. Following the completion of the sale, the director now owns 27,303 shares in the company, valued at approximately $306,612.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the sale, the director now owns 39,157 shares of the company’s stock, 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.

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

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