Mueller Water Products $MWA Holdings Raised by Wesbanco Bank Inc.

Wesbanco Bank Inc. boosted its stake in Mueller Water Products (NYSE:MWA) by 38.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 79,751 shares of the industrial products company’s stock after acquiring an additional 22,000 shares during the quarter. Wesbanco Bank Inc.’s holdings in Mueller Water Products were worth $1,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Danske Bank A S lifted its position 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 buying an additional 800 shares in the last quarter. Covestor Ltd lifted its position in Mueller Water Products by 131.8% in the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after buying an additional 597 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Mueller Water Products in the 4th quarter worth approximately $34,000. Quarry LP raised its holdings in shares of Mueller Water Products by 398.0% during the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings 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 valued at $62,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gregg C. Sengstack bought 25,000 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $29.58 per share, for a total transaction of $739,500.00. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at $739,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Todd P. Helms sold 10,720 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $27.61, for a total transaction of $295,979.20. Following the completion of the transaction, the senior vice president owned 64,477 shares in the company, valued at $1,780,209.97. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Mueller Water Products Stock Down 1.9%

Mueller Water Products stock opened at $26.38 on Friday. The company has a market capitalization of $4.13 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.20 and a beta of 1.08. The firm’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $26.65. The company has a current ratio of 4.57, a quick ratio of 2.55 and a debt-to-equity ratio of 0.42. 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 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 business had revenue of $1.19 billion for the quarter. Sell-side analysts forecast that Mueller Water Products will post 1.46 earnings per share for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be paid a $0.07 dividend. The ex-dividend date is Monday, May 11th. 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 21.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MWA shares. Royal Bank Of Canada raised their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a report on Thursday. The Goldman Sachs Group restated a “neutral” rating and set a $29.00 price target on shares of Mueller Water Products in a report on Wednesday. Oppenheimer restated an “outperform” rating and set a $32.00 price target (up 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 target 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 two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

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.