Walleye Capital LLC Makes New Investment in Mueller Water Products $MWA

Walleye Capital LLC purchased a new stake in Mueller Water Products (NYSE:MWA) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 55,145 shares of the industrial products company’s stock, valued at approximately $1,516,000.

Several other large investors also recently made changes to their positions in MWA. State of Wyoming acquired a new position in shares of Mueller Water Products in the 1st quarter worth approximately $121,000. Cetera Investment Advisers lifted its stake in Mueller Water Products by 9.7% during the first quarter. Cetera Investment Advisers now owns 87,818 shares of the industrial products company’s stock valued at $2,414,000 after purchasing an additional 7,763 shares during the last quarter. First Trust Advisors LP lifted its stake in Mueller Water Products by 34.0% during the first quarter. First Trust Advisors LP now owns 6,036,679 shares of the industrial products company’s stock valued at $165,948,000 after purchasing an additional 1,530,193 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Mueller Water Products by 170.7% during the first quarter. PNC Financial Services Group Inc. now owns 17,523 shares of the industrial products company’s stock worth $482,000 after buying an additional 11,050 shares in the last quarter. Finally, Van Berkom & Associates Inc. bought a new stake in Mueller Water Products during the first quarter worth approximately $939,000. Institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays began coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a research note on Tuesday, May 19th. Royal Bank Of Canada raised their target price 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, May 7th. Wall Street Zen downgraded shares of Mueller Water Products from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.00.

Insider Activity

In related news, Director Brian C. Healy purchased 1,183 shares of Mueller Water Products stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $25.33 per share, with a total value of $29,965.39. Following the completion of the transaction, the director directly owned 24,946 shares of the company’s stock, valued at $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Mueller Water Products Stock Performance

Shares of Mueller Water Products stock opened at $24.87 on Friday. The stock has a market cap of $3.89 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.03. The business has a fifty day simple moving average of $25.44 and a 200-day simple moving average of $26.99. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The firm had revenue of $1.19 billion for the quarter. On average, sell-side analysts anticipate that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were issued a $0.07 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio is currently 21.37%.

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.