Hsbc Holdings PLC Buys Shares of 16,766 Mueller Water Products, Inc. (NYSE:MWA)

Hsbc Holdings PLC bought a new stake in Mueller Water Products, Inc. (NYSE:MWA – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,766 shares of the industrial products company’s stock, valued at approximately $176,000.

A number of other institutional investors also recently made changes to their positions in the business. TCI Wealth Advisors Inc. acquired a new stake in shares of Mueller Water Products during the 3rd quarter valued at approximately $27,000. Captrust Financial Advisors raised its position in shares of Mueller Water Products by 22.8% during the 1st quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 1,036 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Mueller Water Products during the 2nd quarter valued at approximately $127,000. Synovus Financial Corp raised its position in shares of Mueller Water Products by 25.6% during the 3rd quarter. Synovus Financial Corp now owns 13,371 shares of the industrial products company’s stock valued at $138,000 after acquiring an additional 2,727 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Mueller Water Products by 580.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,909 shares of the industrial products company’s stock worth $192,000 after buying an additional 12,719 shares during the last quarter. 88.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on MWA. Deutsche Bank Aktiengesellschaft increased their price target on Mueller Water Products from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Tuesday, January 10th. Royal Bank of Canada increased their price target on Mueller Water Products from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Monday, February 6th. DA Davidson increased their price target on Mueller Water Products from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. StockNews.com cut Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Finally, Northcoast Research raised Mueller Water Products from a “neutral” rating to a “buy” rating in a research note on Monday, November 21st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and an average target price of $12.67.

Mueller Water Products Stock Performance

MWA stock opened at $13.11 on Friday. The company has a quick ratio of 1.68, a current ratio of 3.15 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.70 and a beta of 1.31. Mueller Water Products, Inc. has a 12 month low of $9.90 and a 12 month high of $14.62. The firm has a 50 day moving average of $12.92 and a two-hundred day moving average of $11.73.

Mueller Water Products (NYSE:MWA – Get Rating) last posted its quarterly earnings data on Friday, February 3rd. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $314.80 million during the quarter, compared to the consensus estimate of $288.85 million. Mueller Water Products had a net margin of 6.18% and a return on equity of 13.00%. Mueller Water Products’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. As a group, equities analysts anticipate that Mueller Water Products, Inc. will post 0.66 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 21st. Investors of record on Friday, February 10th were paid a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, February 9th. Mueller Water Products’s payout ratio is currently 47.06%.

About Mueller Water Products

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Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products.