1 week Ago By Defense World Staff
LPL Financial LLC raised its stake in Mueller Water Products, Inc. (NYSE:MWA – Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 17,727 shares of the industrial products company’s stock after acquiring an additional 3,520 shares during the period. LPL Financial LLC’s holdings in Mueller Water Products were worth $399,000 as of its most recent SEC filing. Several other hedge funds have also bought and sold shares of the stock.
Franklin Resources Inc. increased its holdings in shares of Mueller Water Products by 10.1% in the third quarter.
Franklin Resources Inc. now owns 8,618,782 shares of the industrial products company’s stock worth $197,456,000 after purchasing an additional 791,569 shares during the last quarter. Principal Financial Group Inc.
raised its holdings in shares of Mueller Water Products by 2,962.3% during the 4th quarter. Principal Financial Group Inc.
now owns 3,015,009 shares of the industrial products company’s stock worth $67,838,000 after acquiring an additional 2,916,552 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Mueller Water Products by 55.
1% during the 4th quarter. American Century Companies Inc. now owns 2,056,632 shares of the industrial products company’s stock worth $46,274,000 after acquiring an additional 730,442 shares in the last quarter.
Charles Schwab Investment Management Inc. boosted its position in shares of Mueller Water Products by 0.4% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,952,282 shares of the industrial products company’s stock valued at $43,926,000 after acquiring an additional 7,567 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Mueller Water Products by 67.
5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,644,603 shares of the industrial products company’s stock valued at $37,004,000 after purchasing an additional 662,637 shares in the last quarter. Hedge funds and other institutional investors own 91.
68% of the company’s stock. Insider Buying and SellingIn other Mueller Water Products news, Director Lydia W. Thomas sold 17,092 shares of the company’s stock in a transaction dated Tuesday, March 11th.
The shares were sold at an average price of $26.77, for a total value of $457,552.84.
Following the transaction, the director now directly owns 126,689 shares in the company, valued at $3,391,464.53. This represents a 11.
89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brian Slobodow sold 11,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th.
The stock was sold at an average price of $24.73, for a total transaction of $275,294.36.
Following the transaction, the director now directly owns 7,376 shares in the company, valued at approximately $182,408.48. This trade represents a 60.
15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.
10% of the stock is owned by corporate insiders. Wall Street Analysts Forecast GrowthMWA has been the topic of a number of recent research reports. StockNews.
com downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group upped their target price on shares of Mueller Water Products from $26.00 to $29.
00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on Mueller Water Products from $25.00 to $29.
00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.
com, Mueller Water Products currently has an average rating of “Hold” and an average price target of $25.80.View Our Latest Research Report on MWAMueller Water Products Trading Down 0.
8 %Shares of MWA opened at $26.23 on Friday. The company’s fifty day simple moving average is $25.
60 and its 200-day simple moving average is $24.41. The company has a market cap of $4.
11 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.43 and a beta of 1.
26. The company has a current ratio of 3.83, a quick ratio of 2.
38 and a debt-to-equity ratio of 0.54. Mueller Water Products, Inc.
has a twelve month low of $15.84 and a twelve month high of $28.58.
Mueller Water Products (NYSE:MWA – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
19 by $0.06. Mueller Water Products had a net margin of 10.
05% and a return on equity of 21.18%. During the same period last year, the company posted $0.
13 EPS. As a group, analysts expect that Mueller Water Products, Inc. will post 1.
24 EPS for the current year. About Mueller Water Products (Free Report)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.
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