Menta Capital LLC raised its position in Mueller Water Products, Inc. (NYSE:MWA) by 338.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 73,131 shares of the industrial products company’s stock after acquiring an additional 56,467 shares during the period. Menta Capital LLC’s holdings in Mueller Water Products were worth $665,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Mueller Water Products by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,644,458 shares of the industrial products company’s stock worth $14,964,000 after purchasing an additional 96,754 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Mueller Water Products by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,309,406 shares of the industrial products company’s stock worth $57,416,000 after purchasing an additional 44,193 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Mueller Water Products by 12.7% during the 4th quarter. Hsbc Holdings PLC now owns 16,331 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,840 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Mueller Water Products by 51.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 20,104 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 6,866 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Mueller Water Products by 0.4% during the 4th quarter. Northern Trust Corp now owns 2,033,419 shares of the industrial products company’s stock worth $18,504,000 after purchasing an additional 7,867 shares in the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

MWA stock opened at $10.29 on Friday. The company has a current ratio of 3.14, a quick ratio of 1.99 and a debt-to-equity ratio of 0.83. The company has a market cap of $1.63 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. Mueller Water Products, Inc. has a 1-year low of $8.47 and a 1-year high of $12.59.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Monday, February 4th. The industrial products company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $192.80 million for the quarter, compared to analyst estimates of $196.74 million. Mueller Water Products had a return on equity of 16.10% and a net margin of 3.17%. Equities analysts forecast that Mueller Water Products, Inc. will post 0.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Friday, February 8th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, February 7th. Mueller Water Products’s payout ratio is presently 37.74%.

A number of brokerages have recently issued reports on MWA. ValuEngine upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. TheStreet cut Mueller Water Products from a “b-” rating to a “c” rating in a research note on Tuesday, February 5th. Goldman Sachs Group cut Mueller Water Products from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $13.00 to $11.00 in a research note on Tuesday, February 26th. Boenning Scattergood reiterated a “neutral” rating on shares of Mueller Water Products in a research note on Tuesday, February 5th. Finally, Oppenheimer set a $13.00 price objective on Mueller Water Products and gave the stock a “buy” rating in a research note on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Mueller Water Products currently has a consensus rating of “Hold” and an average target price of $12.21.

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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 in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, 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; 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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