Mueller Water Products Inc (NYSE:MWA): Institutional Investor Sentiment Up to 1.26

July 18, 2017 - By wolcottdaily

 Mueller Water Products Inc (NYSE:MWA): Institutional Investor Sentiment Up to 1.26

Sentiment for Mueller Water Products Inc (NYSE:MWA)

Mueller Water Products Inc (NYSE:MWA) institutional sentiment decreased to 1.26 in 2016 Q4. Its down -0.08, from 1.34 in 2016Q3. The ratio is negative, as 113 funds opened new and increased equity positions, while 90 reduced and sold their holdings in Mueller Water Products Inc. The funds in our partner’s database now possess: 133.73 million shares, down from 136.01 million shares in 2016Q3. Also, the number of funds holding Mueller Water Products Inc in their top 10 equity positions was flat from 3 to 3 for the same number . Sold All: 17 Reduced: 73 Increased: 80 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 earnings per share, down 11.11 % or $0.02 from last year’s $0.18 per share. MWA’s profit will be $25.58 million for 17.98 P/E if the $0.16 EPS becomes a reality. After $0.09 actual earnings per share 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. The firm has “Buy” rating by IBC given on Thursday, May 11. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28. The stock of Mueller Water Products, Inc. (NYSE:MWA) earned “Buy” rating by Northcoast on Wednesday, October 12. The firm has “Outperform” rating given on Friday, March 24 by Oppenheimer. The rating was maintained by RBC Capital Markets on Wednesday, July 5 with “Buy”. The firm has “Buy” rating given on Wednesday, March 8 by Goldman Sachs. The stock of Mueller Water Products, Inc. (NYSE:MWA) earned “Buy” rating by RBC Capital Markets on Thursday, June 1. The stock of Mueller Water Products, Inc. (NYSE:MWA) earned “Market Perform” rating by Cowen & Co on Wednesday, March 15. The stock of Mueller Water Products, Inc. (NYSE:MWA) earned “Outperform” rating by Wedbush on Thursday, April 28. DA Davidson maintained the stock with “Neutral” rating in Friday, August 5 report.

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

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