Trexquant Investment LP Invests $455,000 in Mueller Water Products (MWA) Stock

Trexquant Investment LP purchased a new position in Mueller Water Products (NYSE:MWA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,559 shares of the industrial products company’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pictet Asset Management Ltd. lifted its holdings 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 worth $49,601,000 after purchasing an additional 2,135,336 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of 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 period. Earnest Partners LLC lifted its holdings in shares of Mueller Water Products by 18.2% during the second quarter. Earnest Partners LLC now owns 8,136,500 shares of the industrial products company’s stock worth $95,034,000 after purchasing an additional 1,251,546 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Mueller Water Products during the second quarter worth about $8,803,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Mueller Water Products by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,306,195 shares of the industrial products company’s stock worth $73,657,000 after purchasing an additional 745,251 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on MWA. Robert W. Baird reaffirmed a “hold” rating and set a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Mueller Water Products in a report on Wednesday, October 11th. Cowen reaffirmed a “hold” rating and set a $12.00 target price on shares of Mueller Water Products in a report on Thursday, September 21st. Boenning Scattergood raised Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a report on Tuesday, September 5th. Finally, BidaskClub downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $13.75.

In other news, insider Gregory E. Hyland sold 142,243 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.37, for a total value of $1,759,545.91. Following the completion of the sale, the insider now directly owns 979,481 shares in the company, valued at $12,116,179.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Evan Hart sold 167,016 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $12.11, for a total value of $2,022,563.76. Following the completion of the sale, the chief financial officer now owns 355,862 shares of the company’s stock, valued at $4,309,488.82. The disclosure for this sale can be found here. Insiders sold 643,773 shares of company stock valued at $7,901,596 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Shares of Mueller Water Products (MWA) traded down $0.14 during trading hours on Friday, reaching $12.35. The company’s stock had a trading volume of 898,075 shares, compared to its average volume of 1,069,712. Mueller Water Products has a one year low of $10.84 and a one year high of $14.20. The firm has a market capitalization of $1,952.07, a P/E ratio of 28.72, a PEG ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. Mueller Water Products had a return on equity of 15.43% and a net margin of 14.93%. The company had revenue of $226.90 million during the quarter, compared to the consensus estimate of $227.14 million. During the same period in the previous year, the company posted $0.17 earnings per share. Mueller Water Products’s revenue for the quarter was up 5.2% on a year-over-year basis. equities research analysts anticipate that Mueller Water Products will post 0.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s payout ratio is presently 21.05%.

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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.

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

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