Gabelli Funds LLC Raises Stake in Mueller Water Products, Inc. (MWA)
Gabelli Funds LLC lifted its position in shares of Mueller Water Products, Inc. (NYSE:MWA) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,748,975 shares of the industrial products company’s stock after purchasing an additional 26,096 shares during the period. Gabelli Funds LLC’s holdings in Mueller Water Products were worth $21,915,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. SG Capital Management LLC acquired a new position in Mueller Water Products during the 4th quarter worth approximately $7,246,000. Fox Run Management L.L.C. lifted its position in Mueller Water Products by 82.3% during the 4th quarter. Fox Run Management L.L.C. now owns 52,675 shares of the industrial products company’s stock worth $660,000 after acquiring an additional 23,775 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Mueller Water Products by 3.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 962,174 shares of the industrial products company’s stock worth $12,057,000 after acquiring an additional 31,525 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Mueller Water Products during the 3rd quarter worth approximately $231,000. Finally, Belpointe Asset Management LLC acquired a new position in Mueller Water Products during the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 83.99% of the company’s stock.
In other Mueller Water Products news, Chairman Gregory E. Hyland sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $12.27, for a total value of $613,500.00. Following the transaction, the chairman now directly owns 979,481 shares of the company’s stock, valued at approximately $12,018,231.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory E. Hyland sold 142,243 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $12.37, for a total value of $1,759,545.91. Following the completion of the transaction, the insider now directly owns 979,481 shares in the company, valued at $12,116,179.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 476,640 shares of company stock worth $5,886,596. 3.00% of the stock is currently owned by corporate insiders.
Mueller Water Products, Inc. (NYSE:MWA) opened at $11.08 on Thursday. Mueller Water Products, Inc. has a 52-week low of $10.54 and a 52-week high of $12.99. The stock has a market capitalization of $1,758.20, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.73 and a quick ratio of 3.75.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. Mueller Water Products had a return on equity of 15.81% and a net margin of 20.51%. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $176.13 million. During the same period in the prior year, the company posted $0.04 EPS. Mueller Water Products’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts anticipate that Mueller Water Products, Inc. will post 0.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Mueller Water Products’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, February 8th. Mueller Water Products’s dividend payout ratio is presently 15.09%.
About Mueller Water Products
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co, Anvil and Mueller Technologies. The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.
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