Van Berkom & Associates Inc. Takes Position in Mueller Water Products $MWA

Van Berkom & Associates Inc. purchased a new position in shares of Mueller Water Products (NYSE:MWA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 34,163 shares of the industrial products company’s stock, valued at approximately $939,000.

A number of other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Mueller Water Products by 25.3% during the first 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 during the period. AQR Capital Management LLC lifted its position in shares of Mueller Water Products by 87.2% during 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 buying an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Mueller Water Products during the 1st quarter valued at $205,000. United Services Automobile Association purchased a new position in shares of Mueller Water Products during the 1st quarter valued at $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mueller Water Products by 10.9% during 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 worth $14,558,000 after acquiring an additional 56,404 shares during the period. Institutional investors own 91.68% of the company’s stock.

Insider Buying and Selling at Mueller Water Products

In other news, Director Brian C. Healy purchased 1,183 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average price of $25.33 per share, with a total value of $29,965.39. Following the completion of the acquisition, the director owned 24,946 shares in the company, valued at $631,882.18. This trade represents a 4.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Mueller Water Products Trading Up 0.2%

Shares of Mueller Water Products stock opened at $25.51 on Monday. The company’s 50-day moving average price is $25.50 and its 200-day moving average price is $26.97. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.15 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. The company had revenue of $1.19 billion during the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. On average, equities analysts expect that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were given 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 was Monday, May 11th. Mueller Water Products’s payout ratio is 21.37%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MWA shares. Barclays began coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada boosted their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.00.

Mueller Water Products 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.