Park Avenue Securities LLC Raises Stock Holdings in MUELLER WATER PRODUCTS $MWA

Park Avenue Securities LLC boosted its holdings in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 49.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,826 shares of the industrial products company’s stock after purchasing an additional 8,211 shares during the quarter. Park Avenue Securities LLC’s holdings in MUELLER WATER PRODUCTS were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MWA. Vanguard Group Inc. boosted its position in MUELLER WATER PRODUCTS by 16.8% during the first quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company’s stock worth $503,201,000 after purchasing an additional 2,840,895 shares in the last quarter. Nuveen LLC purchased a new position in MUELLER WATER PRODUCTS during the first quarter worth approximately $61,497,000. Fuller & Thaler Asset Management Inc. boosted its position in MUELLER WATER PRODUCTS by 66.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company’s stock worth $137,296,000 after purchasing an additional 2,152,096 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in MUELLER WATER PRODUCTS during the first quarter worth approximately $53,854,000. Finally, Allianz Asset Management GmbH boosted its position in MUELLER WATER PRODUCTS by 95.4% during the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company’s stock worth $81,671,000 after purchasing an additional 1,568,247 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.33.

Insider Activity at MUELLER WATER PRODUCTS

In related news, CAO Suzanne G. Smith sold 1,288 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the completion of the transaction, the chief accounting officer directly owned 763 shares in the company, valued at approximately $20,532.33. This represents a 62.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas J. Hansen sold 24,005 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $26.15, for a total value of $627,730.75. Following the completion of the transaction, the director owned 86,163 shares of the company’s stock, valued at $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,664 shares of company stock valued at $909,819. 1.10% of the stock is currently owned by insiders.

MUELLER WATER PRODUCTS Price Performance

NYSE:MWA opened at $25.36 on Monday. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $25.68 and a two-hundred day moving average of $25.25. The firm has a market cap of $3.96 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. MUELLER WATER PRODUCTS has a 12 month low of $21.15 and a 12 month high of $28.58.

MUELLER WATER PRODUCTS (NYSE:MWA) last posted its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. The company had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. During the same period in the prior year, the business posted $0.32 EPS. MUELLER WATER PRODUCTS’s revenue for the quarter was up 6.6% compared to the same quarter last year. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. On average, analysts expect that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 12th. MUELLER WATER PRODUCTS’s dividend payout ratio (DPR) is currently 28.72%.

About MUELLER WATER PRODUCTS

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.