Mueller Water Products (MWA) : Rutabaga Capital Managementma reduced its stake in Mueller Water Products by 29.21% during the most recent quarter end. The investment management company now holds a total of 1,463,379 shares of Mueller Water Products which is valued at $16,638,619 after selling 603,824 shares in Mueller Water Products , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Mueller Water Products makes up approximately 2.88% of Rutabaga Capital Managementma’s portfolio.
Other Hedge Funds, Including , Intrust Bank Na added MWA to its portfolio by purchasing 19,328 company shares during the most recent quarter which is valued at $219,759. Mueller Water Products makes up approx 0.09% of Intrust Bank Na’s portfolio.Evercore Wealth Management boosted its stake in MWA in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,500 shares of Mueller Water Products which is valued at $17,055. Capital Fund Management S.a. added MWA to its portfolio by purchasing 65,667 company shares during the most recent quarter which is valued at $765,021. Mueller Water Products makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.Fox Run Management L.l.c. boosted its stake in MWA in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 18,900 shares of Mueller Water Products which is valued at $218,484. Mueller Water Products makes up approx 0.10% of Fox Run Management L.l.c.’s portfolio.
Mueller Water Products opened for trading at $12.08 and hit $12.21 on the upside on Monday, eventually ending the session at $12.21, with a gain of 1.24% or 0.15 points. The heightened volatility saw the trading volume jump to 7,61,628 shares. Company has a market cap of $1,973 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 DA Davidson on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Mueller Water Products was Downgraded by Boenning & Scattergood to ” Neutral” on Jul 13, 2016.
Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Companys 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.