Inceptionr LLC Acquires Shares of 26,744 Mueller Water Products $MWA

Inceptionr LLC bought a new stake in Mueller Water Products (NYSE:MWA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,744 shares of the industrial products company’s stock, valued at approximately $683,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in shares of Mueller Water Products by 7.3% in the 3rd quarter. Natixis Advisors LLC now owns 12,262 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 834 shares during the period. Neo Ivy Capital Management boosted its position in shares of Mueller Water Products by 116.8% in the third quarter. Neo Ivy Capital Management now owns 19,886 shares of the industrial products company’s stock valued at $507,000 after acquiring an additional 10,712 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Mueller Water Products by 7.1% in the third quarter. GW&K Investment Management LLC now owns 589,466 shares of the industrial products company’s stock worth $15,043,000 after purchasing an additional 39,253 shares during the period. Mcdonald Partners LLC increased its stake in Mueller Water Products by 13.6% in the 3rd quarter. Mcdonald Partners LLC now owns 126,100 shares of the industrial products company’s stock worth $3,218,000 after acquiring an additional 15,130 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in shares of Mueller Water Products by 71.4% in the third quarter. Picton Mahoney Asset Management now owns 40,815 shares of the industrial products company’s stock worth $1,041,000 after purchasing an additional 17,000 shares during the last quarter. 91.68% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gregg C. Sengstack purchased 25,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average price of $29.58 per share, with a total value of $739,500.00. Following the transaction, the director directly owned 25,000 shares of the company’s stock, valued at approximately $739,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of Mueller Water Products stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $29.72, for a total transaction of $318,598.40. Following the completion of the sale, the senior vice president owned 75,197 shares in the company, valued at approximately $2,234,854.84. This trade represents a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

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

Mueller Water Products Stock Performance

NYSE MWA opened at $28.04 on Wednesday. The company has a 50-day simple moving average of $27.61 and a two-hundred day simple moving average of $25.98. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $31.00. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.28 and a beta of 1.15. 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 released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $318.20 million for the quarter, compared to the consensus estimate of $315.26 million. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 annualized dividend and a yield of 1.0%. Mueller Water Products’s payout ratio is presently 22.22%.

Mueller Water Products Company 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.