197,096 Shares in Mueller Water Products $MWA Purchased by Globeflex Capital L P

Globeflex Capital L P bought a new position in shares of Mueller Water Products (NYSE:MWA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 197,096 shares of the industrial products company’s stock, valued at approximately $5,091,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Danske Bank A S lifted its position in shares of Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 800 shares during the period. Strive Financial Group LLC acquired a new stake in shares of Mueller Water Products in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its stake in Mueller Water Products by 47.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 423 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Mueller Water Products by 44.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 469 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Mueller Water Products by 89.5% in the 1st quarter. Sterling Capital Management LLC now owns 1,935 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 914 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on MWA. Royal Bank Of Canada decreased their target price on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a report on Wednesday, May 6th. Robert W. Baird set a $35.00 price target on Mueller Water Products in a research report on Friday, August 7th. Barclays started coverage on Mueller Water Products in a research note on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price target for the company. Finally, Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.20.

Mueller Water Products Stock Up 0.1%

Shares of NYSE:MWA opened at $24.96 on Monday. The company has a quick ratio of 3.08, a current ratio of 4.64 and a debt-to-equity ratio of 0.40. Mueller Water Products has a 52-week low of $22.74 and a 52-week high of $31.00. The stock’s fifty day simple moving average is $25.55 and its 200-day simple moving average is $26.93. The company has a market capitalization of $3.90 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.09 and a beta of 1.03.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Mueller Water Products had a return on equity of 23.55% and a net margin of 15.02%.The firm had revenue of $395.90 million during the quarter, compared to analysts’ expectations of $391.49 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Mueller Water Products will post 1.53 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 19.86%.

Insider Transactions at Mueller Water Products

In other news, CEO Paul Mcandrew sold 40,000 shares of Mueller Water Products stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $26.39, for a total transaction of $1,055,600.00. Following the completion of the sale, the chief executive officer directly owned 42,556 shares in the company, valued at $1,123,052.84. The trade was a 48.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Healy acquired 1,183 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of $25.33 per share, with a total value of $29,965.39. Following the transaction, the director owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. The trade was a 4.98% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 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 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.