Mueller Water Products (NYSE:MWA) Stake Boosted by BB&T Securities LLC

BB&T Securities LLC lifted its position in shares of Mueller Water Products (NYSE:MWA) by 54.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 18,784 shares of the industrial products company’s stock after buying an additional 6,661 shares during the period. BB&T Securities LLC’s holdings in Mueller Water Products were worth $219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in MWA. BlackRock Inc. lifted its stake in shares of Mueller Water Products by 14,036.8% during the first quarter. BlackRock Inc. now owns 13,522,561 shares of the industrial products company’s stock valued at $159,837,000 after buying an additional 13,426,906 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Mueller Water Products by 92.8% during the second quarter. Pictet Asset Management Ltd. now owns 4,436,586 shares of the industrial products company’s stock valued at $49,601,000 after buying an additional 2,135,336 shares during the period. Gamco Investors INC. ET AL increased its position in Mueller Water Products by 32.4% during the second quarter. Gamco Investors INC. ET AL now owns 6,758,490 shares of the industrial products company’s stock worth $78,939,000 after purchasing an additional 1,654,510 shares during the last quarter. Vanguard Group Inc. increased its position in Mueller Water Products by 8.8% during the first quarter. Vanguard Group Inc. now owns 12,650,343 shares of the industrial products company’s stock worth $149,528,000 after purchasing an additional 1,017,949 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Mueller Water Products by 110.5% during the first quarter. Bank of America Corp DE now owns 1,603,860 shares of the industrial products company’s stock worth $18,958,000 after purchasing an additional 842,053 shares during the last quarter. 84.72% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Mueller Water Products (NYSE MWA) opened at 12.64 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.70 and a beta of 1.36. The stock has a 50 day moving average of $11.93 and a 200 day moving average of $11.67. Mueller Water Products has a 52-week low of $10.45 and a 52-week high of $14.20.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $232.20 million during the quarter, compared to analysts’ expectations 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 was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Equities analysts predict that Mueller Water Products will post $0.44 EPS for the current fiscal year.

MWA has been the subject of several research analyst reports. BidaskClub raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $13.00 price target on shares of Mueller Water Products and gave the stock a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Cowen and Company reaffirmed a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a research report on Thursday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Mueller Water Products in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.67.

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.

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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