Grandeur Peak Global Advisors LLC Makes New $4.52 Million Investment in Mueller Water Products $MWA

Grandeur Peak Global Advisors LLC bought a new position in shares of Mueller Water Products (NYSE:MWA) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 175,070 shares of the industrial products company’s stock, valued at approximately $4,522,000. Mueller Water Products accounts for about 1.1% of Grandeur Peak Global Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Grandeur Peak Global Advisors LLC owned 0.11% of Mueller Water Products as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its stake in shares of Mueller Water Products by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 22,808 shares of the industrial products company’s stock valued at $543,000 after buying an additional 339 shares during the period. GAMMA Investing LLC increased its stake in Mueller Water Products by 10.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,487 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 421 shares during the period. Smartleaf Asset Management LLC raised its holdings in Mueller Water Products by 47.0% in the 4th 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 in the last quarter. Wedbush Securities Inc. raised its holdings in Mueller Water Products by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 12,308 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 447 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Mueller Water Products by 44.8% during the 4th 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 period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, CEO Paul Mcandrew sold 40,000 shares of Mueller Water Products stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $26.39, for a total value of $1,055,600.00. Following the transaction, the chief executive officer owned 42,556 shares in the company, valued at $1,123,052.84. The trade was a 48.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Healy bought 1,183 shares of the stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of $25.33 per share, with a total value of $29,965.39. Following the purchase, the director owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This represents a 4.98% increase in their position. The disclosure for this purchase is available in the SEC filing. 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 Stock Down 0.1%

NYSE MWA opened at $24.35 on Monday. The business has a fifty day moving average price of $25.44 and a two-hundred day moving average price of $26.81. The stock has a market capitalization of $3.80 billion, a PE ratio of 17.27, a PEG ratio of 1.07 and a beta of 1.03. Mueller Water Products has a fifty-two week low of $22.74 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.64 and a quick ratio of 3.08.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.50 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $391.49 million. During the same quarter last year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities analysts expect that Mueller Water Products will post 1.53 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MWA. Weiss Ratings raised Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Barclays assumed coverage on Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a research report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Two 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.20.

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.