Vanguard Group Inc. Reduces Position in Mueller Water Products $MWA

Vanguard Group Inc. decreased its holdings in shares of Mueller Water Products (NYSE:MWA) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,452,025 shares of the industrial products company’s stock after selling 137,141 shares during the quarter. Vanguard Group Inc. owned 0.12% of Mueller Water Products worth $463,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MWA. Nisa Investment Advisors LLC lifted its stake in shares of Mueller Water Products by 31.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 575 shares during the last quarter. RWC Asset Management LLP increased its stake in Mueller Water Products by 2.7% in the third quarter. RWC Asset Management LLP now owns 22,513 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 592 shares during the period. Covestor Ltd increased its stake in Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 597 shares during the period. Wedbush Securities Inc. lifted its position in shares of Mueller Water Products by 6.3% during the third quarter. Wedbush Securities Inc. now owns 10,572 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 629 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Mueller Water Products by 1.4% during the third quarter. Arizona State Retirement System now owns 46,362 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 660 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mueller Water Products news, Director Gregg C. Sengstack purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average price of $29.58 per share, for a total transaction of $739,500.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $739,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total transaction of $295,979.20. Following the transaction, the senior vice president directly owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This trade represents a 14.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

MWA has been the topic of a number of research analyst reports. Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on shares of Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Mueller Water Products Stock Up 1.2%

Shares of Mueller Water Products stock opened at $27.56 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.25 and a beta of 1.08. The firm’s 50-day moving average is $28.40 and its two-hundred day moving average is $26.62. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. The firm had revenue of $1.19 billion during the quarter. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%. As a group, research analysts expect that Mueller Water Products will post 1.45 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, May 11th. Mueller Water Products’s payout ratio is currently 22.22%.

Mueller Water Products Company Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.