Madison Asset Management LLC Invests $2.61 Million in Mueller Water Products $MWA

Madison Asset Management LLC acquired a new position in Mueller Water Products (NYSE:MWA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 101,148 shares of the industrial products company’s stock, valued at approximately $2,613,000.

Several other hedge funds have also bought and sold shares of the stock. Strive Financial Group LLC purchased a new position in Mueller Water Products in the 4th quarter worth approximately $26,000. Danske Bank A S grew its position in Mueller Water Products by 266.7% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Mueller Water Products by 47.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 423 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Mueller Water Products by 44.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 469 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Mueller Water Products by 89.5% during the first quarter. Sterling Capital Management LLC now owns 1,935 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 914 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MWA has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price target on shares of Mueller Water Products in a research note on Wednesday, May 6th. Royal Bank Of Canada cut their target price on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Barclays assumed coverage on shares of Mueller Water Products in a research report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price target on the stock. Robert W. Baird set a $35.00 price target on shares of Mueller Water Products in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.20.

Insider Activity at Mueller Water Products

In other Mueller Water Products news, CEO Paul Mcandrew sold 40,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $26.39, for a total value of $1,055,600.00. Following the sale, the chief executive officer owned 42,556 shares of the company’s stock, valued at $1,123,052.84. This trade represents a 48.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Healy acquired 1,183 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average price of $25.33 per share, for a total transaction of $29,965.39. Following the transaction, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This trade represents a 4.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Stock Down 0.8%

MWA opened at $25.10 on Friday. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $25.57 and its 200-day moving average price is $26.95. The company has a market cap of $3.92 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.11 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The company had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $391.49 million. During the same period in the prior year, the business posted $0.34 EPS. Mueller Water Products’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Mueller Water Products will post 1.53 EPS for the current year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 10th. Mueller Water Products’s dividend payout ratio is 19.86%.

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.