Trade Report: Today: Whittier Trust Co. reached $180,000 position of Mueller Water Products Inc. (MWA)

Today: Whittier Trust Co. reached $180,000 position  of Mueller Water Products Inc. (MWA)

Whittier Trust Co. held its stake in Mueller Water Products Inc. (NYSE:MWA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,750 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Mueller Water Products were worth $180,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MWA. BlackRock Institutional Trust Company N.A. raised its stake in Mueller Water Products by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,840,730 shares of the company’s stock worth $37,946,000 after buying an additional 41,531 shares during the last quarter. State Street Corp raised its position in shares of Mueller Water Products by 6.0% in the first quarter. State Street Corp now owns 2,866,175 shares of the company’s stock valued at $28,318,000 after buying an additional 163,171 shares in the last quarter. Skyline Asset Management LP raised its position in shares of Mueller Water Products by 4.0% in the first quarter. Skyline Asset Management LP now owns 2,189,100 shares of the company’s stock valued at $21,628,000 after buying an additional 85,000 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Mueller Water Products by 56.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,782,880 shares of the company’s stock valued at $17,615,000 after buying an additional 646,581 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Mueller Water Products during the first quarter valued at $13,816,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Mueller Water Products Inc. (NYSE:MWA) traded down 0.32% on Friday, hitting $12.32. 1,163,094 shares of the stock were exchanged. The stock has a market cap of $1.99 billion, a PE ratio of 33.30 and a beta of 1.33. The company’s 50 day moving average is $12.21 and its 200 day moving average is $11.36. Mueller Water Products Inc. has a 1-year low of $7.52 and a 1-year high of $13.50.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $310 million for the quarter, compared to analysts’ expectations of $301 million. Mueller Water Products had a return on equity of 20.05% and a net margin of 5.20%. During the same quarter last year, the business earned $0.15 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Mueller Water Products Inc. will post $0.49 earnings per share for the current year.

Several brokerages have weighed in on MWA. Northcoast Research raised shares of Mueller Water Products from a “neutral” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of Mueller Water Products from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. DA Davidson raised their price objective on shares of Mueller Water Products from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. Finally, Boenning Scattergood lowered shares of Mueller Water Products from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $12.25.

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. The Company’s product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries.

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