Quantbot Technologies LP Has $3.67 Million Stake in Mueller Water Products $MWA

Quantbot Technologies LP raised its stake in shares of Mueller Water Products (NYSE:MWA) by 1,049.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,624 shares of the industrial products company’s stock after purchasing an additional 131,129 shares during the period. Quantbot Technologies LP owned 0.09% of Mueller Water Products worth $3,665,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MWA. Covestor Ltd boosted its holdings in Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 597 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Mueller Water Products by 31.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after buying an additional 575 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Mueller Water Products by 355.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after buying an additional 2,218 shares during the period. AlphaQuest LLC bought a new position in Mueller Water Products during the second quarter worth $71,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Mueller Water Products by 677.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock valued at $77,000 after buying an additional 2,792 shares during the period. Institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Robert W. Baird set a $33.00 price target on Mueller Water Products in a research note on Friday, February 6th. Finally, Oppenheimer restated an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.33.

Mueller Water Products Stock Down 0.7%

Shares of NYSE:MWA opened at $29.91 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02. Mueller Water Products has a 52-week low of $22.01 and a 52-week high of $31.00. The business’s 50 day simple moving average is $27.04 and its two-hundred day simple moving average is $25.86. The firm has a market cap of $4.68 billion, a P/E ratio of 23.74, a PEG ratio of 1.37 and a beta of 1.15.

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

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 annualized dividend and a yield of 0.9%. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, Director Gregg C. Sengstack bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average cost of $29.58 per share, with a total value of $739,500.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at approximately $739,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brian C. Healy bought 1,125 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of $24.41 per share, for a total transaction of $27,461.25. Following the acquisition, the director directly owned 17,925 shares in the company, valued at $437,549.25. The trade was a 6.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.10% of the company’s stock.

About Mueller Water Products

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.