Sendero Wealth Management LLC Makes New Investment in Mueller Water Products $MWA

Sendero Wealth Management LLC purchased a new position in Mueller Water Products (NYSE:MWA) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 21,077 shares of the industrial products company’s stock, valued at approximately $502,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Mueller Water Products by 131.8% during the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after buying an additional 597 shares during the period. Quarry LP lifted its holdings in Mueller Water Products by 398.0% in the third quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock valued at $56,000 after buying an additional 1,755 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Mueller Water Products by 31.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock valued at $62,000 after buying an additional 575 shares during the period. EverSource Wealth Advisors LLC boosted its position in Mueller Water Products by 677.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 2,792 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Mueller Water Products by 21.7% during the third quarter. National Bank of Canada FI now owns 4,617 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 823 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Insider Activity at Mueller Water Products

In other news, Director Brian C. Healy purchased 1,125 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were acquired at an average price of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the acquisition, the director owned 17,925 shares in the company, valued at approximately $437,549.25. The trade was a 6.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Todd P. Helms sold 10,720 shares of the firm’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 value of $295,979.20. Following the completion of the sale, the senior vice president directly owned 64,477 shares of the company’s stock, valued at $1,780,209.97. This trade represents a 14.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Stock Down 2.6%

Shares of NYSE MWA opened at $27.07 on Friday. The firm has a market cap of $4.23 billion, a PE ratio of 21.48, a P/E/G ratio of 1.28 and a beta of 1.15. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $31.00. The company’s fifty day simple moving average is $28.33 and its 200 day simple moving average is $26.08. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44.

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

Mueller Water Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were paid a $0.07 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. Mueller Water Products’s dividend payout ratio (DPR) is currently 22.22%.

Wall Street Analysts Forecast Growth

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

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.