Boyar Asset Management Inc. Buys 2,086 Shares of MUELLER WATER PRODUCTS $MWA

Boyar Asset Management Inc. grew its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,927 shares of the industrial products company’s stock after acquiring an additional 2,086 shares during the quarter. MUELLER WATER PRODUCTS accounts for 1.0% of Boyar Asset Management Inc.’s holdings, making the stock its 25th biggest position. Boyar Asset Management Inc.’s holdings in MUELLER WATER PRODUCTS were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Byrne Asset Management LLC increased its stake in MUELLER WATER PRODUCTS by 73.1% during the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 658 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of MUELLER WATER PRODUCTS in the 1st quarter valued at approximately $42,000. Nisa Investment Advisors LLC boosted its holdings in shares of MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,104 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of MUELLER WATER PRODUCTS by 177.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,686 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in MUELLER WATER PRODUCTS during the 1st quarter valued at $73,000. 91.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MWA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MUELLER WATER PRODUCTS in a report on Saturday, September 27th. Wall Street Zen upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, MUELLER WATER PRODUCTS currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

MUELLER WATER PRODUCTS Stock Performance

MUELLER WATER PRODUCTS stock opened at $25.98 on Friday. MUELLER WATER PRODUCTS has a 12-month low of $21.35 and a 12-month high of $28.58. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $25.78 and its two-hundred day moving average price is $25.22. The stock has a market cap of $4.06 billion, a PE ratio of 27.64, a P/E/G ratio of 1.21 and a beta of 1.18.

MUELLER WATER PRODUCTS (NYSE:MWA) last released its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. The business had revenue of $380.30 million during the quarter, compared to the consensus estimate of $366.82 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue was up 6.6% on a year-over-year basis. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. As a group, analysts expect that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, August 12th. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is presently 28.72%.

Insider Activity

In other news, Director Brian C. Healy purchased 1,110 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the purchase, the director owned 15,730 shares of the company’s stock, valued at $389,160.20. This trade represents a 7.59% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Suzanne G. Smith sold 1,288 shares of MUELLER WATER PRODUCTS stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the completion of the transaction, the chief accounting officer directly owned 763 shares in the company, valued at approximately $20,532.33. This represents a 62.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,664 shares of company stock valued at $909,819. 1.10% of the stock is currently owned by corporate insiders.

MUELLER WATER PRODUCTS Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.