Tudor Investment Corp ET AL Increases Stake in Mueller Water Products $MWA

Tudor Investment Corp ET AL increased its holdings in Mueller Water Products (NYSE:MWA) by 100.1% in the third quarter, Holdings Channel.com reports. The firm owned 290,960 shares of the industrial products company’s stock after acquiring an additional 145,578 shares during the period. Tudor Investment Corp ET AL’s holdings in Mueller Water Products were worth $7,425,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MWA. Royal Bank of Canada boosted its stake in shares of Mueller Water Products by 25.3% in the 1st quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock valued at $3,890,000 after purchasing an additional 30,862 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Mueller Water Products by 87.2% in the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after purchasing an additional 57,053 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Mueller Water Products in the 1st quarter valued at $205,000. United Services Automobile Association purchased a new stake in shares of Mueller Water Products in the 1st quarter valued at $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock valued at $14,558,000 after purchasing an additional 56,404 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insider Activity

In related news, Director Gregg C. Sengstack bought 25,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost of $29.58 per share, with a total value of $739,500.00. Following the transaction, the director owned 25,000 shares in the company, valued at approximately $739,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total transaction of $295,979.20. Following the completion of the sale, the senior vice president directly owned 64,477 shares of the company’s stock, valued at approximately $1,780,209.97. This represents a 14.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Mueller Water Products Trading Up 0.6%

Shares of MWA opened at $27.91 on Wednesday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 22.15, a PEG ratio of 1.27 and a beta of 1.16. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $28.48 and a two-hundred day simple moving average of $26.21. Mueller Water Products has a twelve month low of $22.43 and a twelve month high of $31.00.

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

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 22.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Royal Bank Of Canada increased their price target 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, Robert W. Baird set a $33.00 price target on shares of Mueller Water Products in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.