ProShare Advisors LLC reduced its holdings in MUELLER WATER PRODUCTS (NYSE:MWA) by 24.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,622 shares of the industrial products company’s stock after selling 4,326 shares during the period. ProShare Advisors LLC’s holdings in MUELLER WATER PRODUCTS were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MWA. Bank of New York Mellon Corp lifted its holdings in MUELLER WATER PRODUCTS by 39.4% in the first quarter. Bank of New York Mellon Corp now owns 1,580,473 shares of the industrial products company’s stock valued at $18,680,000 after buying an additional 446,859 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in MUELLER WATER PRODUCTS by 29.7% in the first quarter. UBS Asset Management Americas Inc. now owns 94,960 shares of the industrial products company’s stock valued at $1,122,000 after buying an additional 21,750 shares during the period. Karp Capital Management Corp acquired a new position in MUELLER WATER PRODUCTS in the first quarter valued at approximately $630,000. Ameriprise Financial Inc. lifted its holdings in MUELLER WATER PRODUCTS by 81.3% in the first quarter. Ameriprise Financial Inc. now owns 464,796 shares of the industrial products company’s stock valued at $5,494,000 after buying an additional 208,390 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in MUELLER WATER PRODUCTS in the first quarter valued at approximately $197,000. Institutional investors and hedge funds own 84.72% of the company’s stock.

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Several equities analysts recently weighed in on MWA shares. Boenning Scattergood upgraded shares of MUELLER WATER PRODUCTS from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Tuesday, September 5th. BidaskClub upgraded shares of MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Wednesday, October 11th. Cowen and Company restated a “hold” rating and issued a $12.00 price objective on shares of MUELLER WATER PRODUCTS in a report on Thursday, September 21st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $14.00 target price on shares of MUELLER WATER PRODUCTS in a report on Wednesday, October 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.75.

Shares of MUELLER WATER PRODUCTS (NYSE MWA) opened at 12.49 on Monday. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 15.52 and a beta of 1.29. The firm has a 50-day moving average of $12.39 and a 200 day moving average of $11.76. MUELLER WATER PRODUCTS has a 12-month low of $10.45 and a 12-month high of $14.20.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $232.20 million for the quarter, compared to the consensus estimate of $235.07 million. MUELLER WATER PRODUCTS had a net margin of 14.47% and a return on equity of 16.85%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. On average, equities research analysts expect that MUELLER WATER PRODUCTS will post $0.44 earnings per share for the current year.

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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