The stock of Mueller Water Products, Inc. (NYSE:MWA) is a huge mover today! About 469,094 shares traded hands. Mueller Water Products, Inc. (NYSE:MWA) has risen 33.86% since March 9, 2016 and is uptrending. It has outperformed by 26.45% the S&P500.
The move comes after 8 months positive chart setup for the $1.96B company. It was reported on Oct, 12 by Barchart.com. We have $17.42 PT which if reached, will make NYSE:MWA worth $823.20M more.
Analysts await Mueller Water Products, Inc. (NYSE:MWA) to report earnings on November, 2. They expect $0.18 earnings per share, up 28.57% or $0.04 from last year’s $0.14 per share. MWA’s profit will be $28.75 million for 17.04 P/E if the $0.18 EPS becomes a reality. After $0.18 actual earnings per share reported by Mueller Water Products, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Mueller Water Products, Inc. (NYSE:MWA) Ratings Coverage
Out of 3 analysts covering Mueller Water Products (NYSE:MWA), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Mueller Water Products has been the topic of 6 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, April 28 by Wedbush. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28. The stock has “Neutral” rating given by DA Davidson on Friday, August 5.
According to Zacks Investment Research, “Mueller Water Products, Inc. manufactures and markets products and services that are used in the transmission and distribution of safe, clean drinking water and in water treatment facilities. Their broad product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the residential and non-residential construction industries.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.10, from 1.18 in 2016Q1. The ratio turned negative, as 10 funds sold all Mueller Water Products, Inc. shares owned while 75 reduced positions. 38 funds bought stakes while 54 increased positions. They now own 135.44 million shares or 0.90% less from 136.66 million shares in 2016Q1.
Ubs Asset Management Americas Incorporated, a Illinois-based fund reported 113,767 shares. Employees Retirement Sys Of Texas holds 0.02% or 101,000 shares in its portfolio. Cipher Capital L P, a New York-based fund reported 436,339 shares. Moreover, Silvercrest Asset Mngmt Grp Limited Liability Corp has 0.42% invested in Mueller Water Products, Inc. (NYSE:MWA) for 2.87 million shares. Stifel Fincl accumulated 0% or 20,104 shares. Blb&B Advsr Limited Company owns 326,164 shares or 0.7% of their US portfolio. Baldwin Brothers Inc Ma has 0% invested in the company for 720 shares. Moreover, Northern Corp has 0.01% invested in Mueller Water Products, Inc. (NYSE:MWA) for 2.30 million shares. First Manhattan has 369,044 shares for 0.03% of their US portfolio. The United Kingdom-based Ahl Prtnrs Llp has invested 0.01% in Mueller Water Products, Inc. (NYSE:MWA). Aqr Capital Mgmt Limited Liability holds 53,562 shares or 0% of its portfolio. First Republic Inv Incorporated holds 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA) for 23,870 shares. Moreover, New York State Common Retirement Fund has 0.03% invested in Mueller Water Products, Inc. (NYSE:MWA) for 1.71 million shares. The New York-based Etrade Capital Mngmt has invested 0.04% in Mueller Water Products, Inc. (NYSE:MWA). Gamco Investors Et Al last reported 1.26M shares in the company.
More notable recent Mueller Water Products, Inc. (NYSE:MWA) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Norfolk Southern, Mueller Water Products and Standex …” on August 02, 2016, also Seekingalpha.com with their article: “Mueller Water Products: An Overlooked, Undervalued Industry Leader” published on June 14, 2016, Globenewswire.com published: “Mueller Water Products to Present at D.A. Davidson’s 15th Annual Engineering …” on August 30, 2016. More interesting news about Mueller Water Products, Inc. (NYSE:MWA) were released by: Globenewswire.com and their article: “Mueller Water Products Names New President of Anvil” published on May 19, 2016 as well as Prnewswire.com‘s news article titled: “How These Industrials Stocks are Faring? — Pentair, Mueller Water Products …” with publication date: August 19, 2016.
MWA Company Profile
Mueller Water Products, Inc., incorporated on September 22, 2005, is a maker and marketer of services and products used in the transmission, distribution and measurement of water in North America. The Firm operates through three divisions: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment makes valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment makes and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering, leak detection, pipe condition assessment and other services and products for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics. It offers a range of water infrastructure, flow control and piping component system services and products in the United States and Canada. The Company’s services and products are used by municipalities, and the residential and non-residential construction industries. The Company’s subsidiaries include Mueller Co., Anvil and Mueller Technologies.
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