Wealth Enhancement Advisory Services LLC Sells 5,931 Shares of MUELLER WATER PRODUCTS $MWA

Wealth Enhancement Advisory Services LLC lessened its stake in MUELLER WATER PRODUCTS (NYSE:MWA) by 30.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,809 shares of the industrial products company’s stock after selling 5,931 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in MUELLER WATER PRODUCTS were worth $342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MWA. Byrne Asset Management LLC grew its stake in MUELLER WATER PRODUCTS by 73.1% in the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 658 shares during the period. Olde Wealth Management LLC acquired a new position in shares of MUELLER WATER PRODUCTS during the first quarter worth about $42,000. Nisa Investment Advisors LLC boosted its position in shares of MUELLER WATER PRODUCTS by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock worth $43,000 after buying an additional 1,104 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in MUELLER WATER PRODUCTS by 177.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,686 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in MUELLER WATER PRODUCTS during the first quarter valued at approximately $73,000. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MWA shares. Weiss Ratings restated a “buy (b)” rating on shares of MUELLER WATER PRODUCTS in a research note on Saturday, September 27th. Wall Street Zen raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Insider Buying and Selling

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

MUELLER WATER PRODUCTS Price Performance

Shares of NYSE MWA opened at $25.45 on Wednesday. MUELLER WATER PRODUCTS has a twelve month low of $21.35 and a twelve month high of $28.58. The stock’s 50 day moving average price is $25.81 and its 200-day moving average price is $25.17. The company has a market capitalization of $3.98 billion, a PE ratio of 27.08, a PEG ratio of 1.20 and a beta of 1.18. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48.

MUELLER WATER PRODUCTS (NYSE:MWA) last announced its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share 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 during the quarter, compared to analysts’ expectations of $366.82 million. During the same quarter in the previous year, the firm earned $0.32 EPS. MUELLER WATER PRODUCTS’s quarterly revenue was up 6.6% on a year-over-year basis. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current year.

MUELLER WATER PRODUCTS Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 12th. MUELLER WATER PRODUCTS’s payout ratio is 28.72%.

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.