Mueller Water Products $MWA Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Mueller Water Products (NYSE:MWA) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 438,860 shares of the industrial products company’s stock after selling 23,153 shares during the period. Rhumbline Advisers’ holdings in Mueller Water Products were worth $11,200,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Covestor Ltd raised its stake in Mueller Water Products by 131.8% during the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 597 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Mueller Water Products by 112.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 685 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Mueller Water Products by 31.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 575 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of Mueller Water Products by 355.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 2,218 shares during the period. Finally, AlphaQuest LLC bought a new stake in shares of Mueller Water Products in the 2nd quarter worth approximately $71,000. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $29.75 on Friday. The stock has a market cap of $4.65 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.37 and a beta of 1.17. The firm’s 50-day simple moving average is $26.43 and its 200 day simple moving average is $25.69. Mueller Water Products has a fifty-two week low of $22.01 and a fifty-two week high of $30.47. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44.

Mueller Water Products (NYSE:MWA) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The firm had revenue of $318.20 million during the quarter, compared to analyst estimates of $315.26 million. During the same quarter in the prior year, the firm posted $0.25 EPS. Mueller Water Products’s revenue 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 year.

Mueller Water Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, February 10th. Mueller Water Products’s dividend payout ratio (DPR) is currently 22.22%.

Insider Activity at Mueller Water Products

In other news, Director Brian C. Healy bought 1,125 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was purchased at an average cost of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the transaction, the director directly owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. This trade represents a 6.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Todd P. Helms sold 15,094 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $24.62, for a total value of $371,614.28. Following the transaction, the senior vice president directly owned 85,917 shares of the company’s stock, valued at approximately $2,115,276.54. The trade was a 14.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MWA. Royal Bank Of Canada upped their price objective 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. Oppenheimer reissued an “outperform” rating and set a $32.00 price target (up previously from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Finally, Robert W. Baird set a $33.00 price objective on shares of Mueller Water Products in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

About Mueller Water Products

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.