OP Asset Management Ltd Purchases Shares of 29,317 Mueller Water Products $MWA

OP Asset Management Ltd acquired a new position in shares of Mueller Water Products (NYSE:MWA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,317 shares of the industrial products company’s stock, valued at approximately $806,000.

Several other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of Mueller Water Products by 4.2% in the fourth quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock valued at $146,871,000 after acquiring an additional 250,461 shares during the last quarter. First Trust Advisors LP grew its position in Mueller Water Products by 8.4% during the 4th quarter. First Trust Advisors LP now owns 4,506,486 shares of the industrial products company’s stock worth $107,344,000 after acquiring an additional 350,837 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mueller Water Products by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock valued at $86,075,000 after purchasing an additional 22,056 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Mueller Water Products by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after purchasing an additional 37,148 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Mueller Water Products by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 3,241,253 shares of the industrial products company’s stock valued at $77,207,000 after purchasing an additional 182,905 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Activity at Mueller Water Products

In related news, Director Brian C. Healy purchased 1,166 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $25.75 per share, with a total value of $30,024.50. Following the purchase, the director directly owned 23,763 shares in the company, valued at $611,897.25. This trade represents a 5.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Performance

Mueller Water Products stock opened at $26.14 on Tuesday. The company has a market cap of $4.09 billion, a PE ratio of 19.95, a PEG ratio of 1.21 and a beta of 1.03. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00. The company’s 50-day moving average is $26.24 and its two-hundred day moving average is $26.93.

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 net margin of 14.17% and a return on equity of 22.11%. The business had revenue of $1.19 billion during the quarter. Equities analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current year.

Mueller Water Products Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mueller Water Products in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada increased their price objective 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. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

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.