Fox Run Management L.L.C. Makes New Investment in Mueller Water Products, Inc. (NYSE:MWA)

Fox Run Management L.L.C. purchased a new stake in Mueller Water Products, Inc. (NYSE:MWA) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,001 shares of the industrial products company’s stock, valued at approximately $112,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Mueller Water Products by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,222,061 shares of the industrial products company’s stock valued at $12,001,000 after buying an additional 19,878 shares in the last quarter. Speece Thorson Capital Group Inc. lifted its position in Mueller Water Products by 62.2% during the second quarter. Speece Thorson Capital Group Inc. now owns 1,755,554 shares of the industrial products company’s stock valued at $17,240,000 after buying an additional 673,350 shares in the last quarter. Paloma Partners Management Co acquired a new position in Mueller Water Products during the second quarter valued at approximately $103,000. Harvey Partners LLC acquired a new position in Mueller Water Products during the second quarter valued at approximately $1,228,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Mueller Water Products by 22.3% during the second quarter. JPMorgan Chase & Co. now owns 166,695 shares of the industrial products company’s stock valued at $1,601,000 after purchasing an additional 30,411 shares during the period. Institutional investors and hedge funds own 87.14% of the company’s stock.

In related news, EVP Gregory Rogowski sold 85,839 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $10.06, for a total value of $863,540.34. Following the completion of the sale, the executive vice president now owns 425,473 shares of the company’s stock, valued at $4,280,258.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

MWA stock traded down $0.03 during trading on Friday, hitting $11.15. 698,609 shares of the company’s stock traded hands, compared to its average volume of 884,424. The company has a quick ratio of 2.00, a current ratio of 3.15 and a debt-to-equity ratio of 0.79. Mueller Water Products, Inc. has a 52 week low of $8.47 and a 52 week high of $12.26. The stock has a fifty day moving average price of $11.30 and a two-hundred day moving average price of $10.30. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.21 and a beta of 1.00.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Mueller Water Products had a net margin of 6.59% and a return on equity of 17.71%. The firm had revenue of $266.90 million for the quarter, compared to analyst estimates of $279.05 million. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Mueller Water Products, Inc. will post 0.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Friday, November 8th will be issued a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 7th. Mueller Water Products’s payout ratio is currently 34.43%.

A number of research firms have recently issued reports on MWA. ValuEngine upgraded shares of Mueller Water Products from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Boenning Scattergood upgraded shares of Mueller Water Products from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 6th. Oppenheimer set a $13.00 price objective on shares of Mueller Water Products and gave the company a “buy” rating in a research note on Thursday, September 26th. Seaport Global Securities set a $12.00 price objective on shares of Mueller Water Products and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, TheStreet upgraded shares of Mueller Water Products from a “c+” rating to a “b-” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Mueller Water Products presently has a consensus rating of “Hold” and an average target price of $11.50.

Mueller Water Products 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.

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

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