Swiss National Bank Purchases 5,900 Shares of Mueller Water Products, Inc. (NYSE:MWA)

Posted by Defense World Staff on May 21st, 2023

Swiss National Bank lifted its stake in shares of Mueller Water Products, Inc. (NYSE:MWA – Get Rating) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 378,300 shares of the industrial products company’s stock after acquiring an additional 5,900 shares during the period. Swiss National Bank owned 0.24% of Mueller Water Products worth $4,071,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MWA. TCI Wealth Advisors Inc. acquired a new position in shares of Mueller Water Products during the 3rd quarter valued at $27,000. Captrust Financial Advisors raised its holdings in Mueller Water Products by 22.8% during the first quarter. Captrust Financial Advisors now owns 5,580 shares of the industrial products company’s stock worth $72,000 after buying an additional 1,036 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Mueller Water Products during the third quarter worth $109,000. Mayfair Advisory Group LLC acquired a new position in Mueller Water Products during the fourth quarter worth $134,000. Finally, Point72 Hong Kong Ltd acquired a new position in Mueller Water Products during the third quarter worth $159,000. Institutional investors and hedge funds own 88.75% of the company’s stock.

Mueller Water Products Trading Up 0.2 %

MWA stock opened at $13.84 on Friday. The company has a market capitalization of $2.16 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30. Mueller Water Products, Inc. has a one year low of $9.90 and a one year high of $14.98. The company’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $12.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.82 and a current ratio of 3.50.

Mueller Water Products (NYSE:MWA – Get Rating) last posted its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Mueller Water Products had a return on equity of 12.69% and a net margin of 5.90%. The business had revenue of $332.90 million for the quarter, compared to analysts’ expectations of $332.45 million. During the same period last year, the business posted $0.15 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts predict that Mueller Water Products, Inc. will post 0.67 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 Monday, May 22nd. Stockholders of record on Wednesday, May 10th will be issued a $0.061 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, May 9th. Mueller Water Products’s dividend payout ratio is 48.00%.

Analysts Set New Price Targets

Several research firms have weighed in on MWA. DA Davidson restated a “neutral” rating on shares of Mueller Water Products in a report on Wednesday, May 10th. Royal Bank of Canada increased their target price on shares of Mueller Water Products from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Monday, February 6th. StockNews.com started coverage on shares of Mueller Water Products in a report on Thursday. They issued a “hold” rating for the company. The Goldman Sachs Group increased their price target on shares of Mueller Water Products from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, February 6th. Finally, TheStreet upgraded shares of Mueller Water Products from a “c+” rating to a “b” rating in a research report on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Mueller Water Products currently has an average rating of “Hold” and an average target price of $13.57.

Mueller Water Products Company Profile

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Mueller Water Products, Inc engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products.