Pro-Mueller Water Products Inc Institutional Investors Sentiment Runs High in 2016 Q4

July 18, 2017 - By Stephen Andrade

 Pro Mueller Water Products Inc Institutional Investors Sentiment Runs High in  2016 Q4

Sentiment for Mueller Water Products Inc (NYSE:MWA)

Mueller Water Products Inc (NYSE:MWA) institutional sentiment decreased to 1.27 in Q4 2016. Its down -0.08, from 1.35 in 2016Q3. The ratio turned negative, as 114 active investment managers opened new and increased stock positions, while 90 sold and decreased their positions in Mueller Water Products Inc. The active investment managers in our partner’s database now hold: 134.26 million shares, down from 136.49 million shares in 2016Q3. Also, the number of active investment managers holding Mueller Water Products Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 17 Reduced: 73 Increased: 81 New Position: 33.

Mueller Water Products, Inc. is a manufacturer and marketer of services and products used in the transmission, distribution and measurement of water in North America. The company has market cap of $1.84 billion. The Firm operates through three divisions: Mueller Co., Anvil and Mueller Technologies. It has a 36.16 P/E ratio. The Mueller Co. segment makes valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

The stock increased 0.26% or $0.03 on July 17, reaching $11.51. About shares traded. Mueller Water Products, Inc. (NYSE:MWA) has risen 8.65% since July 18, 2016 and is uptrending. It has underperformed by 8.05% the S&P500.

Analysts await Mueller Water Products, Inc. (NYSE:MWA) to report earnings on August, 2. They expect $0.16 EPS, down 11.11 % or $0.02 from last year’s $0.18 per share. MWA’s profit will be $25.58M for 17.98 P/E if the $0.16 EPS becomes a reality. After $0.09 actual EPS reported by Mueller Water Products, Inc. for the previous quarter, Wall Street now forecasts 77.78 % EPS growth.

P2 Capital Partners Llc holds 6.55% of its portfolio in Mueller Water Products, Inc. for 3.75 million shares. Electron Capital Partners Llc owns 845,685 shares or 3.79% of their US portfolio. Moreover, Marathon Partners Equity Management Llc has 3.08% invested in the company for 545,000 shares. The United Kingdom-based Impax Asset Management Ltd has invested 1.53% in the stock. Pier Capital Llc, a Connecticut-based fund reported 561,696 shares.#img1#

Mueller Water Products, Inc. (NYSE:MWA) Ratings Coverage

Ratings analysis reveals 78% of Mueller Water Products’s analysts are positive. Out of 9 Wall Street analysts rating Mueller Water Products, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $9 while the high is $15. The stock’s average target of $13.79 is 19.81% above today’s ($11.51) share price. MWA was included in 14 notes of analysts from January 12, 2016. On Thursday, June 1 the stock rating was maintained by RBC Capital Markets with “Buy”. Oppenheimer maintained it with “Outperform” rating and $15 target in Friday, March 24 report. The stock of Mueller Water Products, Inc. (NYSE:MWA) has “Outperform” rating given on Thursday, April 28 by Wedbush. The rating was upgraded by Northcoast to “Buy” on Wednesday, October 12. DA Davidson maintained the shares of MWA in report on Friday, August 5 with “Neutral” rating. The company was initiated on Wednesday, March 8 by Goldman Sachs. The rating was downgraded by Cowen & Co on Wednesday, March 15 to “Market Perform”. The rating was maintained by IBC on Thursday, May 11 with “Buy”. RBC Capital Markets maintained Mueller Water Products, Inc. (NYSE:MWA) on Wednesday, July 5 with “Buy” rating. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets.

More recent Mueller Water Products, Inc. (NYSE:MWA) news were published by: Fool.com which released: “Why Shares of Mueller Water Products, Inc. Plunged 13% Today” on April 28, 2017. Also Twst.com published the news titled: “Mueller Water Products Inc.: Title Mueller Water Products Announces Dates for …” on July 04, 2017. Seekingalpha.com‘s news article titled: “The Multiple Tailwinds That Could Push Mueller Water Products Higher” with publication date: January 17, 2017 was also an interesting one.

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