5 Best Cheap Stocks to Buy According to Billionaire Mario Gabelli

2. Mueller Water Products, Inc. (NYSE: MWA)

Number of hedge fund holders: 20 

Mueller Water Products, Inc. (NYSE: MWA) is a Georgia-based company founded in 1857 that makes and sells hydrants, gate valves, and other water infrastructure products. It is placed second on our list of 10 best cheap stocks to buy according to billionaire Mario Gabelli. The company stock has offered investors more than 53% in returns over the last year. The hedge fund run by Gabelli owns more than 4.1 million shares in the company worth over $57 million, representing 0.5% of their investment portfolio. 

On May 3, Mueller Water Products, Inc. (NYSE: MWA) posted earnings results for the second quarter, reporting earnings per share of $0.14 and a revenue of over $267 million. The EPS beat market predictions $0.02. 

At the end of the first quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $288 million in Mueller Water Products, Inc. (NYSE: MWA), the same as in the preceding quarter worth $270 million. 

Just like The Walt Disney Company (NYSE: DIS), JPMorgan Chase & Co. (NYSE: JPM), and Wells Fargo & Company (NYSE: WFC), Mueller Water Products, Inc. (NYSE: MWA) is one of the best stocks to buy according to billionaire Mario Gabelli.