Pier Capital Upped Mueller Water Products (MWA) Holding By $1.20 Million; 2 Analysts Covering La-Z-Boy (LZB)

August 10, 2017 - By Vivian Currie

Pier Capital Llc increased Mueller Water Products Inc (MWA) stake by 19.73% reported in 2016Q4 SEC filing. Pier Capital Llc acquired 92,553 shares as Mueller Water Products Inc (MWA)’s stock declined 10.59%. The Pier Capital Llc holds 561,696 shares with $7.48M value, up from 469,143 last quarter. Mueller Water Products Inc now has $1.89B valuation. The stock declined 1.37% or $0.16 reaching $11.9 on the news. About 173,003 shares traded. Mueller Water Products, Inc. (NYSE:MWA) has risen 8.65% since August 10, 2016 and is uptrending. It has underperformed by 8.05% the S&P500.

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. La-Z-Boy had 9 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Thursday, January 5 by Raymond James. On Tuesday, August 1 the stock rating was downgraded by Sidoti to “Hold”. Barrington Research maintained it with “Outperform” rating and $32 target in Thursday, August 20 report. On Wednesday, March 2 the stock rating was initiated by Sidoti with “Buy”. KeyBanc Capital Markets maintained the shares of LZB in report on Thursday, October 6 with “Overweight” rating. The stock of La-Z-Boy Incorporated (NYSE:LZB) earned “Hold” rating by Stifel Nicolaus on Thursday, February 23. BB&T Capital downgraded the shares of LZB in report on Wednesday, January 27 to “Hold” rating. Longbow initiated the shares of LZB in report on Friday, August 5 with “Neutral” rating. Zacks upgraded the shares of LZB in report on Tuesday, August 18 to “Hold” rating. See La-Z-Boy Incorporated (NYSE:LZB) latest ratings:

01/08/2017 Broker: Sidoti Rating: Hold New Target: $36.0000 Downgrade
23/02/2017 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Old Target: $33 New Target: $30 Downgrade

About 25,104 shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 10.10% since August 10, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The company has market cap of $1.58 billion. The Firm also imports, distributes and retails accessories and casegoods furniture products. It has a 18.78 P/E ratio. The Company’s divisions include the Upholstery segment, the Casegoods segment and the Retail segment.

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.02, from 1.04 in 2016Q3. It fall, as 23 investors sold La-Z-Boy Incorporated shares while 68 reduced holdings. 31 funds opened positions while 62 raised stakes. 41.39 million shares or 2.51% less from 42.45 million shares in 2016Q3 were reported. Mason Street Advsrs Ltd Liability Corp accumulated 10,691 shares or 0.01% of the stock. State Street Corporation invested 0% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB). Citigroup has 93,471 shares for 0% of their portfolio. Salem Inv Counselors has invested 0.01% in La-Z-Boy Incorporated (NYSE:LZB). Credit Agricole S A has 0% invested in La-Z-Boy Incorporated (NYSE:LZB). Bnp Paribas Arbitrage Sa reported 13,154 shares or 0% of all its holdings. Price T Rowe Assocs Md holds 0% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB) for 25,180 shares. 139,546 were reported by Barrow Hanley Mewhinney And Strauss Lc. Kcg holds 15,437 shares. Profund Advisors Limited Company has 14,776 shares for 0.02% of their portfolio. Moreover, Great West Life Assurance Can has 0.01% invested in La-Z-Boy Incorporated (NYSE:LZB). Cornerstone Cap Ltd Liability Company has 0.03% invested in La-Z-Boy Incorporated (NYSE:LZB) for 133,469 shares. Hsbc Pcl accumulated 0% or 15,653 shares. Blackrock Invest Ltd Liability Co reported 295,349 shares stake. Zebra Mgmt Ltd owns 25,040 shares for 0.24% of their portfolio.

Investors sentiment decreased to 1.26 in 2016 Q4. Its down 0.08, from 1.34 in 2016Q3. It fall, as 17 investors sold MWA shares while 73 reduced holdings. 33 funds opened positions while 80 raised stakes. 133.73 million shares or 1.67% less from 136.01 million shares in 2016Q3 were reported. Bogle Invest Limited Partnership De owns 84,833 shares for 0.08% of their portfolio. Nationwide Fund accumulated 291,117 shares. Sterling Cap Mgmt Limited Liability Company stated it has 0.01% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Bb&T Securities Lc holds 0% in Mueller Water Products, Inc. (NYSE:MWA) or 12,780 shares. Mutual Of America Capital Management, a New York-based fund reported 416,106 shares. Employees Retirement Of Texas reported 139,000 shares. Blackrock Advsr Ltd Liability Company owns 344,061 shares. Chesapeake Asset Mngmt Lc, a New York-based fund reported 37,620 shares. Millennium Lc stated it has 0.05% in Mueller Water Products, Inc. (NYSE:MWA). Glenmede Trust Na reported 0% in Mueller Water Products, Inc. (NYSE:MWA). Calvert Inv Mgmt holds 0.2% or 396,886 shares in its portfolio. Baldwin Brothers Ma owns 0% invested in Mueller Water Products, Inc. (NYSE:MWA) for 720 shares. Deutsche Commercial Bank Ag accumulated 0.01% or 1.34 million shares. Commerzbank Aktiengesellschaft Fi owns 83,486 shares for 0.02% of their portfolio. Geode Ltd holds 1.22M shares.

Pier Capital Llc decreased Cavium Inc (NASDAQ:CAVM) stake by 24,229 shares to 92,862 valued at $5.80 million in 2016Q4. It also reduced Mastec Inc (NYSE:MTZ) stake by 48,980 shares and now owns 142,632 shares. Inphi Corp (NYSE:IPHI) was reduced too.

Among 9 analysts covering Mueller Water Products (NYSE:MWA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Mueller Water Products had 18 analyst reports since January 12, 2016 according to SRatingsIntel. Wedbush maintained Mueller Water Products, Inc. (NYSE:MWA) rating on Thursday, April 28. Wedbush has “Outperform” rating and $12.50 target. RBC Capital Markets maintained the shares of MWA in report on Monday, August 7 with “Buy” rating. The rating was maintained by IBC with “Buy” on Thursday, May 11. The company was initiated on Wednesday, March 8 by Goldman Sachs. Cowen & Co downgraded the shares of MWA in report on Wednesday, March 15 to “Market Perform” rating. The rating was maintained by RBC Capital Markets on Thursday, June 1 with “Buy”. The firm earned “Hold” rating on Wednesday, July 19 by Cowen & Co. The stock of Mueller Water Products, Inc. (NYSE:MWA) has “Outperform” rating given on Thursday, April 28 by RBC Capital Markets. Oppenheimer maintained Mueller Water Products, Inc. (NYSE:MWA) on Monday, August 7 with “Buy” rating. The stock of Mueller Water Products, Inc. (NYSE:MWA) has “Buy” rating given on Monday, July 31 by Oppenheimer.

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