News Recap: Best Buy Co., Inc. (NYSE:BBY), Mueller Water Products, Inc.(NYSE:MWA), KKR & Co. L.P.(NYSE:KKR)

Lakeway, NY -- (SBWIRE) -- 03/21/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Best Buy Co., Inc.(NYSE:BBY) shares gained 3.69% to $23.07. The company will begin trading ex-dividend on March 19, 2013. A cash dividend payment of $0.17 per share is scheduled to be paid on April 11, 2013. Shareholders who purchased BBY stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that BBY has paid the same dividend.

Additionally, the company, on Mar. 1, fourth-quarter net loss narrowed to $409 million, or $1.21 a share, from a loss of $1.82 billion, or $5.17, a year earlier. Sales rose 0.2 percent to $16.7 billion, topping analysts’ average estimate of $16.3 billion and snapping a streak of two quarterly declines.

How Should Investors Trade BBY After The Recent Price movement? Find out Here

Mueller Water Products, Inc.(NYSE:MWA) shares climbed 3.73% to $6.12 in the last trading session. Investment analysts at Macquarie began coverage on shares of Mueller Water in a note issued to investors on Mar. 6. The firm set an “outperform” rating on the stock.

Additionally, the company posted its quarterly earnings results on Feb. 5. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01. The company had revenue of $245.10 million for the quarter, compared to the consensus estimate of $229.40 million

Is MWA a Strong Buying Opportunity After The Recent Slump? Find out Here

KKR & Co. L.P.(NYSE:KKR) shares increased 3.21% to $19.29. The company, on Mar. 11, has confirmed a contract to purchase industrial-pump manufacturer Gardner Denver, Inc. (NYSE:GDI) for $76 per share. The terms of the deals, which the report declared that value Gardner Denver at around $3.74B.

Additionally, KKR’s stock was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Mar. 20.

How Should Investors Trade KKR After The Recent Price movement? Find out Here

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