Tudor Investment Corp ET AL Increases Stock Holdings in Mueller Water Products $MWA

Tudor Investment Corp ET AL raised its position in Mueller Water Products (NYSE:MWA) by 100.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,960 shares of the industrial products company’s stock after acquiring an additional 145,578 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Mueller Water Products were worth $7,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MWA. Royal Bank of Canada boosted its stake in shares of Mueller Water Products by 25.3% in the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock valued at $3,890,000 after purchasing an additional 30,862 shares during the period. AQR Capital Management LLC increased its stake in Mueller Water Products by 87.2% during the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock worth $3,113,000 after buying an additional 57,053 shares during the period. Great Lakes Advisors LLC acquired a new stake in Mueller Water Products during the 1st quarter worth approximately $205,000. United Services Automobile Association purchased a new position in Mueller Water Products in the 1st quarter valued at approximately $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Mueller Water Products by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock valued at $14,558,000 after buying an additional 56,404 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Oppenheimer restated an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Robert W. Baird set a $33.00 target price on Mueller Water Products in a report on Friday, February 6th. Finally, Royal Bank Of Canada boosted their target price on Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Mueller Water Products Price Performance

Mueller Water Products stock opened at $27.94 on Tuesday. The stock has a market cap of $4.37 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.15. The company has a fifty day simple moving average of $28.18 and a 200-day simple moving average of $26.04. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $31.00. 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 (NYSE:MWA) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The firm had revenue of $318.20 million for the quarter, compared to analyst estimates of $315.26 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. Mueller Water Products’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts expect that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Insider Transactions at Mueller Water Products

In related news, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the completion of the transaction, the senior vice president directly owned 64,477 shares of the company’s stock, valued at $1,780,209.97. This represents a 14.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregg C. Sengstack purchased 25,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average price of $29.58 per share, for a total transaction of $739,500.00. Following the completion of the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $739,500. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate 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.