Two Sigma Securities LLC Invests $370,000 in Mueller Water Products (MWA)

Two Sigma Securities LLC acquired a new position in shares of Mueller Water Products (NYSE:MWA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,276 shares of the industrial products company’s stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP raised its position in shares of Mueller Water Products by 170.4% in the fourth quarter. GSA Capital Partners LLP now owns 35,707 shares of the industrial products company’s stock worth $475,000 after buying an additional 22,504 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of Mueller Water Products by 11.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,986,307 shares of the industrial products company’s stock worth $53,058,000 after buying an additional 396,140 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of Mueller Water Products by 856.0% in the fourth quarter. A.R.T. Advisors LLC now owns 104,200 shares of the industrial products company’s stock worth $1,386,000 after buying an additional 93,300 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Mueller Water Products by 47.2% in the fourth quarter. Renaissance Technologies LLC now owns 493,200 shares of the industrial products company’s stock worth $6,564,000 after buying an additional 158,200 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in shares of Mueller Water Products by 37.6% in the fourth quarter. Employees Retirement System of Texas now owns 139,000 shares of the industrial products company’s stock worth $1,850,000 after buying an additional 38,000 shares in the last quarter. 87.35% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Mueller Water Products (NYSE MWA) traded up 0.44% during mid-day trading on Friday, hitting $11.47. The stock had a trading volume of 3,081,719 shares. The stock has a market capitalization of $1.83 billion, a P/E ratio of 15.48 and a beta of 1.34. The stock has a 50 day moving average of $11.26 and a 200-day moving average of $12.38. Mueller Water Products has a 52 week low of $10.45 and a 52 week high of $14.20.

Mueller Water Products (NYSE:MWA) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Mueller Water Products had a return on equity of 18.45% and a net margin of 12.45%. The company had revenue of $199.70 million for the quarter, compared to the consensus estimate of $206 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts predict that Mueller Water Products will post $0.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Wednesday, May 10th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, May 8th. Mueller Water Products’s payout ratio is 21.62%.

COPYRIGHT VIOLATION WARNING: “Two Sigma Securities LLC Invests $370,000 in Mueller Water Products (MWA)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://sleekmoney.com/two-sigma-securities-llc-invests-370000-in-mueller-water-products-mwa/1916160.html.

A number of brokerages have recently commented on MWA. Goldman Sachs Group, Inc. (The) initiated coverage on Mueller Water Products in a report on Wednesday, March 8th. They set a “buy” rating and a $15.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $15.00 target price on shares of Mueller Water Products in a report on Tuesday, March 14th. Zacks Investment Research raised Mueller Water Products from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Mueller Water Products in a report on Thursday, March 23rd. Finally, Nomura initiated coverage on Mueller Water Products in a report on Wednesday, April 12th. They issued a “buy” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $13.71.

In other news, Director Bernard G. Rethore sold 56,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $11.23, for a total value of $633,372.00. Following the transaction, the director now owns 27,303 shares of the company’s stock, valued at $306,612.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shirley C. Franklin sold 9,156 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $11.40, for a total value of $104,378.40. Following the completion of the transaction, the director now directly owns 39,157 shares in the company, valued at approximately $446,389.80. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding MWA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Water Products (NYSE:MWA).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/two-sigma-securities-llc-invests-370000-in-mueller-water-products-mwa/1916160.html

Receive News & Ratings for Mueller Water Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Water Products and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *