Marshall Wace North America L.P. increased its position in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 127.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 405,818 shares of the industrial products company’s stock after buying an additional 227,171 shares during the period. Marshall Wace North America L.P. owned 0.25% of MUELLER WATER PRODUCTS worth $4,869,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Intrust Bank NA increased its position in shares of MUELLER WATER PRODUCTS by 6.5% in the first quarter. Intrust Bank NA now owns 21,823 shares of the industrial products company’s stock valued at $258,000 after buying an additional 1,338 shares during the last quarter. Gabelli Funds LLC increased its position in shares of MUELLER WATER PRODUCTS by 15.5% in the first quarter. Gabelli Funds LLC now owns 1,172,000 shares of the industrial products company’s stock valued at $13,853,000 after buying an additional 157,000 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of MUELLER WATER PRODUCTS by 273.5% in the first quarter. Gamco Investors INC. ET AL now owns 5,103,980 shares of the industrial products company’s stock valued at $60,329,000 after buying an additional 3,737,574 shares during the last quarter. Teton Advisors Inc. increased its position in shares of MUELLER WATER PRODUCTS by 150.0% in the first quarter. Teton Advisors Inc. now owns 50,000 shares of the industrial products company’s stock valued at $591,000 after buying an additional 30,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of MUELLER WATER PRODUCTS by 29.7% in the first quarter. UBS Asset Management Americas Inc. now owns 94,960 shares of the industrial products company’s stock valued at $1,122,000 after buying an additional 21,750 shares during the last quarter. 84.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MUELLER WATER PRODUCTS (NYSE:MWA) opened at 11.74 on Thursday. The firm has a market cap of $1.86 billion, a PE ratio of 14.58 and a beta of 1.37. MUELLER WATER PRODUCTS has a 52 week low of $10.45 and a 52 week high of $14.20. The company has a 50 day moving average of $11.65 and a 200 day moving average of $11.76.

MUELLER WATER PRODUCTS (NYSE:MWA) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. MUELLER WATER PRODUCTS had a return on equity of 16.85% and a net margin of 14.47%. The firm had revenue of $232.20 million for the quarter, compared to analysts’ expectations of $235.07 million. During the same quarter last year, the business earned $0.15 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that MUELLER WATER PRODUCTS will post $0.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Friday, August 11th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, August 9th. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is currently 20.00%.

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Several analysts have recently commented on MWA shares. BidaskClub upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of MUELLER WATER PRODUCTS from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. set a $13.00 target price on shares of MUELLER WATER PRODUCTS and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, CIBC restated a “buy” rating on shares of MUELLER WATER PRODUCTS in a research note on Wednesday, May 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.00.

In other MUELLER WATER PRODUCTS news, Director Shirley C. Franklin sold 9,156 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $11.40, for a total transaction of $104,378.40. Following the transaction, the director now owns 39,157 shares in the company, valued at $446,389.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.30% of the stock is currently owned by company insiders.

MUELLER WATER PRODUCTS Company Profile

Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Institutional Ownership by Quarter for MUELLER WATER PRODUCTS (NYSE:MWA)

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