Jennison Associates LLC Buys New Position in Mueller Water Products $MWA

Jennison Associates LLC purchased a new position in Mueller Water Products (NYSE:MWA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,093 shares of the industrial products company’s stock, valued at approximately $717,000.

A number of other large investors have also modified their holdings of MWA. Strive Financial Group LLC acquired a new position in shares of Mueller Water Products during the fourth quarter valued at about $26,000. Danske Bank A S boosted its stake in Mueller Water Products by 266.7% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 423 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Mueller Water Products during the 4th quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Mueller Water Products by 44.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of 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 Tuesday, May 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a report on Wednesday, May 6th. Barclays assumed coverage on Mueller Water Products in a research note on Tuesday, June 30th. They issued an “underweight” rating and a $25.00 target price for the company. Royal Bank Of Canada lifted their price target on Mueller Water Products from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded Mueller Water Products from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

Insider Activity

In related news, Director Brian C. Healy bought 1,183 shares of the stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average price of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the purchase, the director directly owned 24,946 shares of the company’s stock, valued at $631,882.18. This represents 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 currently owned by company insiders.

Mueller Water Products Stock Performance

Shares of NYSE MWA opened at $24.85 on Thursday. The company has a 50 day simple moving average of $25.46 and a two-hundred day simple moving average of $26.99. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.13 and a beta of 1.03. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00.

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

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, May 11th. Mueller Water Products’s payout ratio is 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.