Dark Forest Capital Management LP purchased a new position in shares of Mueller Water Products, Inc. (NYSE:MWA – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 11,375 shares of the industrial products company’s stock, valued at approximately $144,000.
Other hedge funds also recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of Mueller Water Products in the second quarter valued at $230,000. Tower Research Capital LLC TRC grew its position in Mueller Water Products by 132.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,291 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,873 shares during the period. Covestor Ltd grew its position in Mueller Water Products by 18,866.7% during the second quarter. Covestor Ltd now owns 4,552 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 4,528 shares during the period. Captrust Financial Advisors grew its position in Mueller Water Products by 22.8% during the first quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 1,036 shares during the period. Finally, Covenant Partners LLC purchased a new stake in Mueller Water Products during the second quarter valued at about $118,000.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on MWA shares. StockNews.com raised Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. The Goldman Sachs Group boosted their price target on Mueller Water Products from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada boosted their price target on Mueller Water Products from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $17.00.
Get Our Latest Research Report on MWA
Mueller Water Products Trading Down 1.1 %
Shares of MWA opened at $15.38 on Monday. The stock has a market cap of $2.40 billion, a PE ratio of 30.76, a P/E/G ratio of 1.87 and a beta of 1.34. The stock’s 50-day moving average is $14.54 and its two-hundred day moving average is $13.66. Mueller Water Products, Inc. has a 12 month low of $12.11 and a 12 month high of $16.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.29 and a quick ratio of 1.89.
Mueller Water Products (NYSE:MWA – Get Free Report) last posted its earnings results on Friday, February 9th. The industrial products company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.09 by $0.04. Mueller Water Products had a return on equity of 13.86% and a net margin of 6.35%. The company had revenue of $256.40 million during the quarter, compared to analyst estimates of $250.64 million. During the same period in the prior year, the company earned $0.13 earnings per share. The business’s revenue was down 18.6% compared to the same quarter last year. Equities analysts forecast that Mueller Water Products, Inc. will post 0.69 earnings per share for the current fiscal year.
Mueller Water Products Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 9th were issued a $0.064 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, February 8th. Mueller Water Products’s dividend payout ratio (DPR) is 52.00%.
Insider Buying and Selling
In related news, CAO Suzanne G. Smith sold 2,800 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $15.09, for a total value of $42,252.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,208 shares of the company’s stock, valued at approximately $48,408.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mueller Water Products news, SVP Kenji Takeuchi sold 6,658 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $15.62, for a total value of $103,997.96. Following the completion of the sale, the senior vice president now directly owns 34,196 shares in the company, valued at $534,141.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Suzanne G. Smith sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $15.09, for a total value of $42,252.00. Following the completion of the sale, the chief accounting officer now owns 3,208 shares of the company’s stock, valued at $48,408.72. The disclosure for this sale can be found here. Insiders sold 81,463 shares of company stock valued at $1,218,642 in the last three months. 1.40% of the stock is currently owned by corporate insiders.
About Mueller Water Products
Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.
Read More
Five stocks we like better than Mueller Water Products
What Makes a Stock a Good Dividend Stock?
MarketBeat Week in Review – 2/26 – 3/1
3 Ways To Invest In Coffee, Other Than Drinking It
How to Buy Bitcoin Stock: 3 Easy Ways to Do It
How to Use Stock Screeners to Find Stocks
Snowflake Stock Plunges, Don’t be Fooled, Bargain Alert
Want to see what other hedge funds are holding MWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Water Products, Inc. (NYSE:MWA – Free Report).
Receive News & Ratings for Mueller Water Products Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mueller Water Products and related companies with MarketBeat.com’s FREE daily email newsletter.
