Versor Investments LP Purchases 19,950 Shares of Mueller Water Products $MWA

Versor Investments LP raised its position in shares of Mueller Water Products (NYSE:MWA) by 85.9% in the fourth quarter, HoldingsChannel reports. The firm owned 43,180 shares of the industrial products company’s stock after buying an additional 19,950 shares during the quarter. Versor Investments LP’s holdings in Mueller Water Products were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in MWA. Amundi grew its stake in shares of Mueller Water Products by 112.2% during the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock valued at $58,099,000 after purchasing an additional 1,198,801 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Mueller Water Products by 344.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 945,613 shares of the industrial products company’s stock valued at $22,733,000 after purchasing an additional 732,669 shares during the period. Credit Agricole S A bought a new stake in shares of Mueller Water Products during the 3rd quarter valued at about $13,004,000. Squarepoint Ops LLC grew its stake in shares of Mueller Water Products by 340.2% during the 3rd quarter. Squarepoint Ops LLC now owns 558,163 shares of the industrial products company’s stock valued at $14,244,000 after purchasing an additional 431,378 shares during the period. Finally, Millennium Management LLC increased its position in Mueller Water Products by 31.7% in the third quarter. Millennium Management LLC now owns 1,727,092 shares of the industrial products company’s stock worth $44,075,000 after buying an additional 415,654 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Mueller Water Products Stock Performance

Shares of MWA opened at $25.35 on Wednesday. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. Mueller Water Products has a 52 week low of $22.74 and a 52 week high of $31.00. The business has a 50-day simple moving average of $28.04 and a two-hundred day simple moving average of $26.65. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.17 and a beta of 1.08.

Mueller Water Products (NYSE:MWA) last released 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 return on equity of 22.11% and a net margin of 14.17%.The firm had revenue of $1.19 billion during the quarter. On average, analysts expect that Mueller Water Products will post 1.47 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Monday, May 11th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, May 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. Mueller Water Products’s dividend payout ratio (DPR) is currently 21.37%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MWA. Royal Bank Of Canada upped 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. The Goldman Sachs Group restated a “neutral” rating and issued a $29.00 price target on shares of Mueller Water Products in a research report on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Finally, Robert W. Baird set a $33.00 price target on Mueller Water Products in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Mueller Water Products currently has a consensus rating of “Moderate Buy” and a consensus target price 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.