Concerns Diverting Active Stocks Direction: Mueller Water Products (NYSE:MWA), Polaris Industries (NYSE:PII)

Mueller Water Products, Inc. (NYSE:MWA) [Trend Analysis] luring active investment momentum, shares an advance 2.50% to $13.14. Mueller Water sells its Anvil International division to One Equity Partners for $315 million in cash effective immediately; increases quarterly dividend to $0.04/share from $0.03/share and authorizes total share repurchases of up to $250 million which incorporates the current authorization (MWA). Anvil is a domestic manufacturer of piping system components with applications in commercial, industrial, mechanical, fire protection and oil & gas end markets.Anvil’s 2016 net sales were $338 million, and the business contributed $42 million of adjusted EBITDA to its 2016 adjusted EBITDA. Mueller Water Products estimates net cash proceeds from the transaction, after taxes and transaction-related expenses, will be $250 million. The total volume of 518914 shares held in the session was surprisingly higher than its average volume of 1158.88 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 106.50%, and looking further price to next year’s EPS is 15.45%. While take a short look on price to sales ratio, that was 1.83 and price to earnings ratio of 32.79 attracting passive investors.

Shares of Polaris Industries Inc. (NYSE:PII) [Trend Analysis] runs in leading trade, it plunging -0.38% to traded at $83.40. The firm has price volatility of 2.94% for a week and 2.54% for a month. Its beta stands at 1.19 times. Polaris Industries Inc. (PII) declared that it will immediately begin winding down its Victory Motorcycles brand and related operations. Polaris will assist dealers in liquidating existing inventories while continuing to supply parts for a period of 10 years, along with providing service and warranty coverage to Victory dealers and owners.

The company noted that ‘s does not affect any other Polaris business units. According to Polaris, several factors influenced its announcement. The company noted that Victory has struggled to establish the market share it needed to succeed and be profitable. The competitive pressures of a challenging motorcycle market have surged the headwinds for the brand. Narrow down four to firm performance, its weekly performance was 1.61% and monthly performance was -3.26%. The stock price of PII is moving up from its 20 days moving average with 0.71% and isolated positively from 50 days moving average with 0.02%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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