Mueller Water Products $MWA Shares Sold by UBS Group AG

UBS Group AG trimmed its position in shares of Mueller Water Products (NYSE:MWA) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,255,018 shares of the industrial products company’s stock after selling 247,367 shares during the quarter. UBS Group AG’s holdings in Mueller Water Products were worth $29,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MWA. Amundi increased its stake in shares of Mueller Water Products by 112.2% during the third quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock worth $58,099,000 after acquiring an additional 1,198,801 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Mueller Water Products by 344.1% during the second quarter. Qube Research & Technologies Ltd now owns 945,613 shares of the industrial products company’s stock worth $22,733,000 after acquiring an additional 732,669 shares during the period. Credit Agricole S A acquired a new position in shares of Mueller Water Products during the third quarter worth about $13,004,000. Squarepoint Ops LLC increased its stake in shares of Mueller Water Products by 340.2% during the third quarter. Squarepoint Ops LLC now owns 558,163 shares of the industrial products company’s stock worth $14,244,000 after acquiring an additional 431,378 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Mueller Water Products by 31.7% during the third quarter. Millennium Management LLC now owns 1,727,092 shares of the industrial products company’s stock worth $44,075,000 after acquiring an additional 415,654 shares during the period. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mueller Water Products

In related news, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $27.61, for a total transaction of $295,979.20. Following the transaction, the senior vice president 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregg C. Sengstack acquired 25,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average cost of $29.58 per share, for a total transaction of $739,500.00. Following the purchase, the director directly owned 25,000 shares of the company’s stock, valued at approximately $739,500. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Performance

Shares of MWA opened at $26.38 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.55 and a current ratio of 4.57. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.20 and a beta of 1.08. The company’s 50 day simple moving average is $28.29 and its 200 day simple moving average is $26.65. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. The business had revenue of $1.19 billion for the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. On average, sell-side analysts predict that Mueller Water Products will post 1.46 EPS for the current year.

Mueller Water Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio is presently 21.37%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MWA shares. Oppenheimer reissued an “outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Robert W. Baird set a $33.00 price objective on shares of Mueller Water Products in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on shares of Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

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.