Mueller Water Products $MWA Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its position in Mueller Water Products (NYSE:MWA) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559,811 shares of the industrial products company’s stock after buying an additional 59,406 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.36% of Mueller Water Products worth $14,286,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MWA. Capital Fund Management S.A. acquired a new position in Mueller Water Products during the third quarter worth about $1,649,000. BNP Paribas Financial Markets boosted its position in shares of Mueller Water Products by 48.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,781 shares of the industrial products company’s stock valued at $1,372,000 after purchasing an additional 17,598 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in shares of Mueller Water Products in the 3rd quarter worth approximately $343,000. Legal & General Group Plc grew its stake in shares of Mueller Water Products by 4.6% in the 3rd quarter. Legal & General Group Plc now owns 1,089,036 shares of the industrial products company’s stock worth $27,792,000 after purchasing an additional 48,328 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Mueller Water Products by 1.5% in the 3rd quarter. Swiss National Bank now owns 303,700 shares of the industrial products company’s stock worth $7,750,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MWA. Oppenheimer reissued 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. Royal Bank Of Canada upped their price target 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. Finally, Robert W. Baird set a $33.00 price objective on Mueller Water Products in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.33.

Insiders Place Their Bets

In other Mueller Water Products news, SVP Todd P. Helms sold 10,720 shares of the business’s 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 sale, the senior vice president directly owned 75,197 shares of the company’s stock, valued at $2,234,854.84. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregg C. Sengstack bought 25,000 shares of Mueller Water Products stock in a transaction dated 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 acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $739,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Mueller Water Products Price Performance

NYSE MWA opened at $28.15 on Thursday. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44. Mueller Water Products has a 1 year low of $22.01 and a 1 year high of $31.00. The company has a market cap of $4.40 billion, a PE ratio of 22.34, a PEG ratio of 1.29 and a beta of 1.15. The stock’s 50-day moving average price is $27.69 and its two-hundred day moving average price is $25.99.

Mueller Water Products (NYSE:MWA) last announced its earnings results 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 company had revenue of $318.20 million during the quarter, compared to analysts’ expectations of $315.26 million. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. On average, analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Dividend Announcement

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

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.