Mueller Water Products, Inc. (NYSE:MWA) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. decreased its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,425 shares of the industrial products company’s stock after selling 12,100 shares during the quarter. TD Asset Management Inc. owned approximately 0.09% of Mueller Water Products worth $1,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MWA. Prudential Financial Inc. raised its stake in Mueller Water Products by 6.7% in the fourth quarter. Prudential Financial Inc. now owns 19,223 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,212 shares during the last quarter. BW Gestao de Investimentos Ltda. raised its stake in shares of Mueller Water Products by 2.7% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 69,817 shares of the industrial products company’s stock worth $635,000 after purchasing an additional 1,804 shares during the last quarter. Manning & Napier Group LLC raised its stake in shares of Mueller Water Products by 2.1% in the first quarter. Manning & Napier Group LLC now owns 88,671 shares of the industrial products company’s stock worth $889,000 after purchasing an additional 1,826 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Mueller Water Products by 12.7% in the fourth quarter. Hsbc Holdings PLC now owns 16,331 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,840 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Mueller Water Products by 6.9% in the fourth quarter. LPL Financial LLC now owns 43,912 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 2,819 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Shirley C. Franklin sold 6,700 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $9.55, for a total transaction of $63,985.00. Following the transaction, the director now owns 52,892 shares in the company, valued at $505,118.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bernard G. Rethore bought 10,000 shares of Mueller Water Products stock in a transaction on Thursday, May 9th. The stock was acquired at an average price of $9.19 per share, for a total transaction of $91,900.00. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

MWA traded up $0.21 during trading on Friday, hitting $9.82. The company’s stock had a trading volume of 1,553,300 shares, compared to its average volume of 979,104. The company has a quick ratio of 1.89, a current ratio of 3.07 and a debt-to-equity ratio of 0.81. Mueller Water Products, Inc. has a twelve month low of $8.47 and a twelve month high of $12.59. The business’s fifty day moving average price is $9.53. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.18.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $234.00 million during the quarter, compared to analyst estimates of $252.06 million. Mueller Water Products had a return on equity of 15.89% and a net margin of 3.24%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. Equities research analysts forecast that Mueller Water Products, Inc. will post 0.6 earnings per share for the current year.

Several brokerages have recently issued reports on MWA. ValuEngine cut Mueller Water Products from a “hold” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group cut Mueller Water Products from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Wednesday. Seaport Global Securities upgraded Mueller Water Products from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, May 10th. Boenning Scattergood reiterated a “hold” rating on shares of Mueller Water Products in a research report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded Mueller Water Products from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.83.

Mueller Water Products Company Profile

Mueller Water Products, Inc manufactures and markets products and services for use in the transmission, distribution, and measurement of water in the United States, Canada, and internationally. It operates in two segments, Infrastructure and Technologies. The Infrastructure segment offers valves for water and gas systems, including butterfly, iron gate, tapping, check, knife, plug, automatic control, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

See Also: Cost of Goods Sold (COGS)

Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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