Mueller Water Products $MWA Shares Sold by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. lessened its stake in shares of Mueller Water Products (NYSE:MWA) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 474,784 shares of the industrial products company’s stock after selling 22,000 shares during the period. Mueller Water Products makes up about 1.3% of Lightrock Netherlands B.V.’s portfolio, making the stock its 19th biggest position. Lightrock Netherlands B.V.’s holdings in Mueller Water Products were worth $13,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MWA. State Street Corp raised its holdings 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 worth $146,871,000 after buying an additional 250,461 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Mueller Water Products by 8.4% during the fourth quarter. First Trust Advisors LP now owns 4,506,486 shares of the industrial products company’s stock worth $107,344,000 after buying an additional 350,837 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Mueller Water Products by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock valued at $86,075,000 after buying an additional 22,056 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Mueller Water Products by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after buying an additional 37,148 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of 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 acquiring an additional 182,905 shares during the period. 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 bought 1,183 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of $25.33 per share, with a total value of $29,965.39. Following the completion of the acquisition, the director directly owned 24,946 shares in the company, valued at approximately $631,882.18. The trade was a 4.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

MWA has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Wall Street Zen downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays assumed coverage on Mueller Water Products in a report on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Mueller Water Products in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada lifted their target price on 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 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.00.

Mueller Water Products Trading Up 4.1%

Shares of Mueller Water Products stock opened at $25.89 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92. The firm has a fifty day moving average price of $25.52 and a 200 day moving average price of $26.96. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00. The stock has a market cap of $4.05 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.03.

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

Mueller Water Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were paid 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 presently 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.