Point72 Hong Kong Ltd Decreases Position in Mueller Water Products, Inc. (NYSE:MWA)

Point72 Hong Kong Ltd decreased its holdings in shares of Mueller Water Products, Inc. (NYSE:MWA) by 76.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,389 shares of the industrial products company’s stock after selling 34,193 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Mueller Water Products were worth $186,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Mueller Water Products by 7.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,736 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 735 shares during the period. Arizona State Retirement System grew its holdings in Mueller Water Products by 1.9% during the second quarter. Arizona State Retirement System now owns 43,722 shares of the industrial products company’s stock worth $783,000 after acquiring an additional 819 shares during the period. National Bank of Canada FI grew its holdings in Mueller Water Products by 44.2% during the second quarter. National Bank of Canada FI now owns 4,757 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,457 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Mueller Water Products by 6.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 32,885 shares of the industrial products company’s stock worth $589,000 after acquiring an additional 1,900 shares during the period. Finally, Pingora Partners LLC acquired a new position in Mueller Water Products during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $21.24 on Friday. Mueller Water Products, Inc. has a fifty-two week low of $12.13 and a fifty-two week high of $21.51. The business has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $18.34. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3.31 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.34.

Mueller Water Products (NYSE:MWA) last released its earnings results on Monday, August 5th. The industrial products company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. Mueller Water Products had a return on equity of 19.46% and a net margin of 9.71%. The company had revenue of $356.70 million for the quarter, compared to the consensus estimate of $329.67 million. During the same quarter last year, the business posted $0.18 EPS. Mueller Water Products’s quarterly revenue was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Mueller Water Products, Inc. will post 0.93 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Friday, August 9th were issued a $0.064 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, August 9th. Mueller Water Products’s dividend payout ratio (DPR) is 39.06%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MWA. StockNews.com lowered Mueller Water Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada increased their target price on Mueller Water Products from $20.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. TD Cowen downgraded Mueller Water Products from a “buy” rating to a “hold” rating and increased their target price for the stock from $19.00 to $20.00 in a research report on Friday, August 9th. Finally, Oppenheimer increased their target price on Mueller Water Products from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Mueller Water Products has a consensus rating of “Hold” and a consensus target price of $21.60.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total transaction of $2,751,046.02. Following the sale, the insider now owns 544,029 shares of the company’s stock, valued at approximately $11,065,549.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas J. Hansen sold 10,791 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $20.55, for a total value of $221,755.05. Following the completion of the sale, the director now owns 102,792 shares of the company’s stock, valued at $2,112,375.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider J Scott Hall sold 135,253 shares of Mueller Water Products stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $2,751,046.02. Following the completion of the transaction, the insider now owns 544,029 shares in the company, valued at $11,065,549.86. The disclosure for this sale can be found here. Insiders have sold 256,869 shares of company stock valued at $5,141,842 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Mueller Water Products Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.