Institutional Investors Lead Shift in Mueller Water Products Inc (NYSE:MWA) Sentiment

July 18, 2017 - By Dolores Ford

 Institutional Investors Lead Shift in Mueller Water Products Inc (NYSE:MWA) Sentiment

Sentiment for Mueller Water Products Inc (NYSE:MWA)

Mueller Water Products Inc (NYSE:MWA) institutional sentiment decreased to 1.27 in 2016 Q4. Its down -0.08, from 1.35 in 2016Q3. The ratio dropped, as 114 investment professionals increased or started new positions, while 90 sold and trimmed stock positions in Mueller Water Products Inc. The investment professionals in our partner’s database now hold: 134.26 million shares, down from 136.49 million shares in 2016Q3. Also, the number of investment professionals holding Mueller Water Products Inc in their top 10 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.

Investors wait Mueller Water Products, Inc. (NYSE:MWA) to report on August, 2. its quarterly earnings Wall Street analysts expect $0.16 earnings per share, down $0.02 or 11.11 % from last year’s $0.18 same quarter earnings. This translates into $25.58 million profit for MWA giving the stock a 17.98 P/E. This is assuming the current $0.16 EPS is accurate. Mueller Water Products, Inc.’s Wall Street analysts see 77.78 % EPS growth, taking into account the $0.09 EPS reproted in the previous quarter,

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. The company was maintained on Wednesday, July 5 by RBC Capital Markets. Cowen & Co downgraded the shares of MWA in report on Wednesday, March 15 to “Market Perform” rating. The firm has “Buy” rating by IBC given on Thursday, May 11. DA Davidson maintained Mueller Water Products, Inc. (NYSE:MWA) rating on Friday, August 5. DA Davidson has “Neutral” rating and $12 target. The stock has “Outperform” rating by RBC Capital Markets on Thursday, April 28. As per Friday, March 24, the company rating was maintained by Oppenheimer. Northcoast upgraded Mueller Water Products, Inc. (NYSE:MWA) on Wednesday, October 12 to “Buy” rating. As per Wednesday, March 8, the company rating was initiated by Goldman Sachs. The company was maintained on Thursday, April 28 by Wedbush. The stock of Mueller Water Products, Inc. (NYSE:MWA) earned “Buy” rating by RBC Capital Markets on Thursday, June 1.

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

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