GAMMA Investing LLC Boosts Stock Position in Mueller Water Products $MWA

GAMMA Investing LLC boosted its holdings in shares of Mueller Water Products (NYSE:MWA) by 55.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,143 shares of the industrial products company’s stock after purchasing an additional 1,126 shares during the quarter. GAMMA Investing LLC’s holdings in Mueller Water Products were worth $76,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Mueller Water Products in the 1st quarter worth approximately $502,000. Envestnet Asset Management Inc. grew its position in shares of Mueller Water Products by 354.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company’s stock worth $8,107,000 after acquiring an additional 248,733 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Mueller Water Products by 45.6% in the 1st quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company’s stock worth $1,330,000 after acquiring an additional 16,400 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Mueller Water Products in the 1st quarter worth approximately $287,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Mueller Water Products in the 1st quarter worth approximately $217,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insiders Place Their Bets

In other Mueller Water Products news, CAO Suzanne G. Smith sold 8,621 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $26.37, for a total transaction of $227,335.77. Following the completion of the transaction, the chief accounting officer owned 761 shares in the company, valued at approximately $20,067.57. The trade was a 91.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas J. Hansen sold 24,005 shares of the business’s stock in a transaction 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 transaction, the director owned 86,163 shares of the company’s stock, valued at $2,253,162.45. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,664 shares of company stock worth $909,819. 1.10% of the stock is owned by company insiders.

Mueller Water Products Trading Up 1.5%

Shares of MWA stock opened at $25.90 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. Mueller Water Products has a 1 year low of $21.34 and a 1 year high of $28.58. The stock has a fifty day moving average of $25.76 and a two-hundred day moving average of $25.23. The firm has a market capitalization of $4.05 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18.

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

Mueller Water Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, August 12th. Mueller Water Products’s payout ratio is 27.66%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.33.

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.