GAMCO Investors is Buying Mueller Water Products Inc. (NYSE:MWA) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Mueller Water Products Inc. (NYSE:MWA) reported that GAMCO Investors has picked up 1,467,703 of common stock as of 2017-05-17.

The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 1,467,703 representing less than 0.92% stake in the company.

For those not familiar with the company, Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment manufactures and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering systems, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics businesses. The Company offers a range of water infrastructure, flow control and piping component system products and services in the United States and Canada.

A glance at Mueller Water Products Inc. (NYSE:MWA)’s key stats reveals a current market capitalization of 1.73 Billion based on 159.51 Million shares outstanding and a price at last close of $10.94 per share.

8Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-08-20, Dunn picked up 5 at a purchase price of $8.86. This brings their total holding to 121,929 as of the date of the filing.

On the sell side, the most recent transaction saw Kolb unload 34,341 shares at a sale price of $12.98. This brings their total holding to 8,761.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Mueller Water Products Inc. (NYSE:MWA) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.