Dimensional Fund Advisors LP Lowers Position in MUELLER WATER PRODUCTS (MWA)

Dimensional Fund Advisors LP lowered its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,560,944 shares of the industrial products company’s stock after selling 1,659,059 shares during the period. Dimensional Fund Advisors LP owned 3.48% of MUELLER WATER PRODUCTS worth $65,730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MWA. Norges Bank acquired a new stake in shares of MUELLER WATER PRODUCTS during the fourth quarter worth approximately $51,312,000. Gamco Investors INC. ET AL increased its stake in shares of MUELLER WATER PRODUCTS by 273.5% in the first quarter. Gamco Investors INC. ET AL now owns 5,103,980 shares of the industrial products company’s stock worth $60,329,000 after buying an additional 3,737,574 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MUELLER WATER PRODUCTS by 8.8% in the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after buying an additional 1,017,949 shares in the last quarter. Impax Asset Management LTD increased its stake in shares of MUELLER WATER PRODUCTS by 31.1% in the first quarter. Impax Asset Management LTD now owns 3,411,887 shares of the industrial products company’s stock worth $40,329,000 after buying an additional 809,000 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of MUELLER WATER PRODUCTS by 399.7% in the first quarter. Parametric Portfolio Associates LLC now owns 623,250 shares of the industrial products company’s stock worth $7,367,000 after buying an additional 498,524 shares in the last quarter. 87.33% of the stock is owned by institutional investors.

MUELLER WATER PRODUCTS (NYSE MWA) traded up 0.61% on Friday, hitting $11.56. The company had a trading volume of 730,668 shares. MUELLER WATER PRODUCTS has a 12-month low of $10.45 and a 12-month high of $14.20. The stock has a market cap of $1.84 billion, a P/E ratio of 15.60 and a beta of 1.38. The firm’s 50 day moving average price is $11.47 and its 200 day moving average price is $11.95.

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

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MWA has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Tuesday, May 9th. Nomura started coverage on MUELLER WATER PRODUCTS in a research report on Wednesday, April 12th. They issued a “buy” rating and a $15.00 price objective for the company. 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 research report on Tuesday, April 11th. CIBC reissued a “buy” rating on shares of MUELLER WATER PRODUCTS in a research report on Wednesday, May 10th. Finally, BidaskClub raised MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock 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 business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $11.23, for a total value of $633,372.00. Following the completion of the sale, the director now owns 27,303 shares of the company’s stock, valued at approximately $306,612.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shirley C. Franklin sold 9,156 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total transaction of $104,378.40. Following the completion of the sale, the director now directly owns 39,157 shares of the company’s stock, valued at approximately $446,389.80. The disclosure for this sale can be found here. 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.

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

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