Gca Investment Management buys $16.4 Million stake in Mueller Water Products (MWA)

Mueller Water Products (MWA) : Gca Investment Management scooped up 241,200 additional shares in Mueller Water Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,545,500 shares of Mueller Water Products which is valued at $16.4 Million.Mueller Water Products makes up approximately 5.55% of Gca Investment Management’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in MWA by selling 6,166 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 306,628 shares of MWA which is valued at $3.3 Million. Victory Capital Management Inc added MWA to its portfolio by purchasing 5,407 company shares during the most recent quarter which is valued at $57,314.Robecosam Usa boosted its stake in MWA in the latest quarter, The investment management firm added 7,465 additional shares and now holds a total of 111,206 shares of Mueller Water Products which is valued at $1.2 Million. Mueller Water Products makes up approx 1.49% of Robecosam Usa’s portfolio. Tdam Usa sold out all of its stake in MWA during the most recent quarter. The investment firm sold 111,280 shares of MWA which is valued $1.2 Million. Pitcairn Co added MWA to its portfolio by purchasing 14,422 company shares during the most recent quarter which is valued at $155,037. Mueller Water Products makes up approx 0.02% of Pitcairn Co’s portfolio.

Mueller Water Products opened for trading at $11 and hit $11.125 on the upside on Wednesday, eventually ending the session at $11.09, with a gain of 1.28% or 0.14 points. The heightened volatility saw the trading volume jump to 13,35,024 shares. Company has a market cap of $1,792 M.

On the company’s financial health, Mueller Water Products reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.09. The company had revenue of $283.60 million for the quarter, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Mueller Water Products. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 12.50 from a previous price target of $12 .Mueller Water Products was Initiated by Northcoast to “Neutral” on Apr 19, 2016.

Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Company’s product portfolio includes engineered valves fire hydrants metering products and systems leak detection and pipe condition assessment which are used by municipalities and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.

Leave a Reply

Mueller Water Products - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mueller Water Products. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.