Swiss National Bank Increases Stake in Mueller Water Products, Inc. (NYSE:MWA)

Swiss National Bank raised its stake in shares of Mueller Water Products, Inc. (NYSE:MWA – Get Rating) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,300 shares of the industrial products company’s stock after buying an additional 5,900 shares during the quarter. Swiss National Bank’s holdings in Mueller Water Products were worth $4,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Nuance Investments LLC grew its holdings in shares of Mueller Water Products by 20.9% in the fourth quarter. Nuance Investments LLC now owns 13,817,036 shares of the industrial products company’s stock valued at $148,671,000 after purchasing an additional 2,388,219 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Mueller Water Products by 3.6% in the fourth quarter. Arizona State Retirement System now owns 44,204 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 1,533 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Mueller Water Products by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 124,895 shares of the industrial products company’s stock valued at $1,344,000 after purchasing an additional 3,544 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Mueller Water Products by 16.7% in the fourth quarter. ProShare Advisors LLC now owns 20,068 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 2,876 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Mueller Water Products by 41.4% in the fourth quarter. Bank of Montreal Can now owns 100,346 shares of the industrial products company’s stock valued at $1,142,000 after purchasing an additional 29,384 shares in the last quarter. 88.75% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Stock Up 0.2 %

NYSE:MWA opened at $13.84 on Friday. Mueller Water Products, Inc. has a twelve month low of $9.90 and a twelve month high of $14.98. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30. The stock has a fifty day simple moving average of $13.48 and a 200-day simple moving average of $12.62. The company has a current ratio of 3.50, a quick ratio of 1.82 and a debt-to-equity ratio of 0.64.

Mueller Water Products (NYSE:MWA – Get Rating) last released its quarterly earnings data on Monday, May 8th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $332.90 million during the quarter, compared to the consensus estimate of $332.45 million. Mueller Water Products had a net margin of 5.90% and a return on equity of 12.69%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Analysts anticipate that Mueller Water Products, Inc. will post 0.67 EPS for the current year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Wednesday, May 10th will be issued a $0.061 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.76%. Mueller Water Products’s payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

MWA has been the subject of a number of recent research reports. TheStreet raised shares of Mueller Water Products from a “c+” rating to a “b” rating in a report on Friday, February 3rd. TD Cowen upgraded Mueller Water Products from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $19.00 in a research report on Friday, May 5th. Royal Bank of Canada raised their price target on Mueller Water Products from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Monday, February 6th. StockNews.com started coverage on Mueller Water Products in a research report on Thursday. They issued a “hold” rating for the company. Finally, DA Davidson restated a “neutral” rating on shares of Mueller Water Products in a research report on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.57.

Mueller Water Products Company Profile

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Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products.