Mueller Water Products (NYSE:MWA) Shares Gap Up to $11.34

Mueller Water Products, Inc. (NYSE:MWAGet Rating)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.34, but opened at $11.64. Mueller Water Products shares last traded at $11.91, with a volume of 4,675 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TheStreet downgraded shares of Mueller Water Products from a “b-” rating to a “c+” rating in a research report on Monday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mueller Water Products from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, October 20th. Northcoast Research raised shares of Mueller Water Products from a “neutral” rating to a “buy” rating in a research report on Monday. StockNews.com began coverage on shares of Mueller Water Products in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Cowen lowered their target price on shares of Mueller Water Products to $11.00 in a report on Friday, September 30th.

Mueller Water Products Stock Performance

The firm’s fifty day moving average price is $10.92 and its 200-day moving average price is $11.52. The company has a current ratio of 2.82, a quick ratio of 2.02 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.46 and a beta of 1.29.

Mueller Water Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Thursday, November 10th were issued a $0.061 dividend. This is a boost from Mueller Water Products’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.08%. Mueller Water Products’s dividend payout ratio is presently 48.98%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its holdings in shares of Mueller Water Products by 36.4% in the 3rd quarter. Jane Street Group LLC now owns 63,572 shares of the industrial products company’s stock valued at $653,000 after buying an additional 16,959 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Mueller Water Products by 31.6% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 71,103 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 17,063 shares during the period. Trexquant Investment LP acquired a new stake in Mueller Water Products during the 3rd quarter worth $619,000. Marshall Wace LLP acquired a new stake in Mueller Water Products during the 3rd quarter worth $778,000. Finally, Engineers Gate Manager LP acquired a new stake in Mueller Water Products during the 3rd quarter worth $970,000. Institutional investors and hedge funds own 88.56% of the company’s stock.

About Mueller Water Products

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Mueller Water Products Inc manufactures and markets products and services used in the transmission, distribution, and measurement of water in North America and internationally. Its products and services are used by municipalities, and the residential and non-residential construction industries. It operates through two segments, Infrastructure and Technologies.

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