Mueller Water Products (MWA) Position Reduced by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its position in shares of Mueller Water Products (NYSE:MWA) by 53.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 955,574 shares of the industrial products company’s stock after selling 1,076,160 shares during the quarter. Allianz Asset Management GmbH owned about 0.60% of Mueller Water Products worth $12,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Colony Group LLC purchased a new stake in shares of Mueller Water Products during the 2nd quarter valued at about $135,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Mueller Water Products during the 2nd quarter valued at about $140,000. Teacher Retirement System of Texas boosted its holdings in shares of Mueller Water Products by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,074 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 191 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Mueller Water Products by 2.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,730 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 266 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Mueller Water Products during the 2nd quarter valued at about $190,000. 84.31% of the stock is currently owned by institutional investors.

MWA has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Boenning Scattergood raised shares of Mueller Water Products from a “neutral” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price target on shares of Mueller Water Products in a report on Friday, September 8th. Cowen reaffirmed a “hold” rating and set a $12.00 price target on shares of Mueller Water Products in a report on Thursday, September 21st. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $14.00 price objective on shares of Mueller Water Products in a report on Wednesday, October 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.75.

Mueller Water Products (MWA) traded down $0.11 during midday trading on Friday, reaching $12.44. 2,309,900 shares of the company’s stock were exchanged, compared to its average volume of 1,248,490. Mueller Water Products has a 12 month low of $10.84 and a 12 month high of $14.02. The company has a market cap of $1,983.67, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.75 and a current ratio of 4.73.

Mueller Water Products (NYSE:MWA) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Mueller Water Products had a net margin of 14.93% and a return on equity of 15.43%. The company had revenue of $226.90 million for the quarter, compared to analysts’ expectations of $227.14 million. During the same quarter last year, the business earned $0.17 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. sell-side analysts predict that Mueller Water Products will post 0.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, November 9th. Mueller Water Products’s payout ratio is 21.05%.

In other news, insider Gregory E. Hyland sold 142,243 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $12.37, for a total transaction of $1,759,545.91. Following the sale, the insider now owns 979,481 shares in the company, valued at $12,116,179.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Evan Hart sold 49,883 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $12.28, for a total transaction of $612,563.24. Following the sale, the chief financial officer now owns 145,530 shares in the company, valued at approximately $1,787,108.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 693,656 shares of company stock worth $8,514,160. 4.30% of the stock is owned by company insiders.

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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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