Mueller Water Products $MWA Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in Mueller Water Products (NYSE:MWA) by 1.3% in the third quarter, Holdings Channel reports. The firm owned 19,589,166 shares of the industrial products company’s stock after selling 258,426 shares during the period. Vanguard Group Inc. owned 0.13% of Mueller Water Products worth $499,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Mueller Water Products by 131.8% during the 3rd 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. Nisa Investment Advisors LLC boosted its stake in shares of Mueller Water Products by 31.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after buying an additional 575 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of Mueller Water Products by 355.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after buying an additional 2,218 shares during the last quarter. AlphaQuest LLC acquired a new position in Mueller Water Products in the 2nd quarter valued at about $71,000. Finally, EverSource Wealth Advisors LLC lifted its position in Mueller Water Products by 677.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 2,792 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Activity

In related news, Director Brian C. Healy purchased 1,125 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was purchased at an average price of $24.41 per share, with a total value of $27,461.25. Following the completion of the transaction, the director owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. This trade represents a 6.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Todd P. Helms sold 15,094 shares of Mueller Water Products stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $24.62, for a total transaction of $371,614.28. Following the completion of the transaction, the senior vice president owned 85,917 shares in the company, valued at approximately $2,115,276.54. This trade represents a 14.94% 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.

Mueller Water Products Stock Down 0.1%

MWA opened at $29.89 on Thursday. The business’s fifty day simple moving average is $26.82 and its 200 day simple moving average is $25.82. Mueller Water Products has a 52 week low of $22.01 and a 52 week high of $30.47. The firm has a market cap of $4.67 billion, a P/E ratio of 23.72, a PEG ratio of 1.37 and a beta of 1.17. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44.

Mueller Water Products (NYSE:MWA) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The company had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $315.26 million. During the same period last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Analyst Ratings Changes

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

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.