Gca Investment Management buys $19,040,560 stake in Mueller Water Products (MWA)

Mueller Water Products (MWA) : Gca Investment Management scooped up 241,200 additional shares in Mueller Water Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,545,500 shares of Mueller Water Products which is valued at $19,040,560.Mueller Water Products makes up approximately 5.75% of Gca Investment Management’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in MWA in the latest quarter, The investment management firm added 56,996 additional shares and now holds a total of 591,068 shares of Mueller Water Products which is valued at $7,281,958. Mueller Water Products makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Thrivent Financial For Lutherans reduced its stake in MWA by selling 416,890 shares or 87.74% in the most recent quarter. The Hedge Fund company now holds 58,270 shares of MWA which is valued at $717,886.National Planning Corp boosted its stake in MWA in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 19,802 shares of Mueller Water Products which is valued at $241,782. Mueller Water Products makes up approx 0.02% of National Planning Corp’s portfolio. Eam Investors added MWA to its portfolio by purchasing 234,555 company shares during the most recent quarter which is valued at $2,828,733. Mueller Water Products makes up approx 0.40% of Eam Investors’s portfolio.Wedbush Securities Inc boosted its stake in MWA in the latest quarter, The investment management firm added 1,921 additional shares and now holds a total of 12,654 shares of Mueller Water Products which is valued at $143,876. Mueller Water Products makes up approx 0.02% of Wedbush Securities Inc’s portfolio.

Mueller Water Products closed down -0.01 points or -0.08% at $12.08 with 10,73,441 shares getting traded on Thursday. Post opening the session at $12.08, the shares hit an intraday low of $11.875 and an intraday high of $12.099 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Mueller Water Products reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.09. The company had revenue of $283.60 million for the quarter, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Mueller Water Products. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Mueller Water Products was Downgraded by Boenning & Scattergood to ” Neutral” on Jul 13, 2016.

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. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.

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