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

Globeflex Capital L P purchased a new position in shares of Mueller Water Products (NYSE:MWA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 197,096 shares of the industrial products company’s stock, valued at approximately $5,091,000. Globeflex Capital L P owned 0.13% of Mueller Water Products as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MWA. Royal Bank of Canada grew its position in shares of Mueller Water Products by 25.3% during the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock worth $3,890,000 after acquiring an additional 30,862 shares during the last quarter. AQR Capital Management LLC boosted 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 purchasing 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 $205,000. United Services Automobile Association purchased a new position in Mueller Water Products during the 1st quarter worth $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mueller Water Products by 10.9% during 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 worth $14,558,000 after purchasing an additional 56,404 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MWA. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Barclays assumed coverage on shares of Mueller Water Products in a research note on Tuesday, June 30th. They set an “underweight” rating and a $25.00 target price for the company. Weiss Ratings raised Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada reduced their price objective on Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.20.

Mueller Water Products Stock Performance

Shares of MWA opened at $24.96 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.08 and a current ratio of 4.64. The stock 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. The company’s fifty day moving average is $25.55 and its two-hundred day moving average is $26.93. Mueller Water Products has a 1 year low of $22.74 and a 1 year high of $31.00.

Mueller Water Products (NYSE:MWA) last announced 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. The company had revenue of $395.90 million during the quarter, compared to the consensus estimate of $391.49 million. Mueller Water Products had a net margin of 15.02% and a return on equity of 23.55%. Mueller Water Products’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, sell-side analysts predict that Mueller Water Products will post 1.53 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a $0.07 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. Mueller Water Products’s dividend payout ratio (DPR) is presently 19.86%.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy acquired 1,183 shares of the stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of $25.33 per share, with a total value of $29,965.39. Following the acquisition, the director owned 24,946 shares of the company’s stock, valued at $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Paul Mcandrew sold 40,000 shares of Mueller Water Products stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $26.39, for a total value 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. This represents a 48.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Mueller Water Products Company 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.