Mueller Water Products (MWA) : Marathon Partners Equity Management reduced its stake in Mueller Water Products by 7.32% during the most recent quarter end. The investment management company now holds a total of 570,000 shares of Mueller Water Products which is valued at $7,022,400 after selling 45,000 shares in Mueller Water Products , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Mueller Water Products makes up approximately 2.79% of Marathon Partners Equity Management’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management sold out all of its stake in MWA during the most recent quarter. The investment firm sold 10,679 shares of MWA which is valued $131,565.Nuveen Asset Management reduced its stake in MWA by selling 494 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 10,405 shares of MWA which is valued at $128,190.Ridgeworth Capital Management reduced its stake in MWA by selling 542,302 shares or 10.61% in the most recent quarter. The Hedge Fund company now holds 4,569,047 shares of MWA which is valued at $55,102,707. Mueller Water Products makes up approx 0.47% of Ridgeworth Capital Management’s portfolio.Wedbush Securities Inc boosted its stake in MWA in the latest quarter, The investment management firm added 1,921 additional shares and now holds a total of 12,654 shares of Mueller Water Products which is valued at $143,876. Mueller Water Products makes up approx 0.02% of Wedbush Securities Inc’s portfolio.
Mueller Water Products closed down -0.01 points or -0.08% at $12.08 with 10,73,441 shares getting traded on Thursday. Post opening the session at $12.08, the shares hit an intraday low of $11.875 and an intraday high of $12.099 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.