Oppenheimer & Co. Inc. Sells 30,544 Shares of Mueller Water Products $MWA

Oppenheimer & Co. Inc. cut its stake in shares of Mueller Water Products (NYSE:MWA) by 69.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,421 shares of the industrial products company’s stock after selling 30,544 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mueller Water Products were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Covestor Ltd raised its holdings in Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after buying an additional 597 shares during the period. Cullen Frost Bankers Inc. increased its position in Mueller Water Products by 112.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 685 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Mueller Water Products by 31.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 575 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Mueller Water Products by 355.4% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 2,218 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of Mueller Water Products during the 2nd quarter worth about $71,000. 91.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Mueller Water Products from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Robert W. Baird set a $33.00 target price on Mueller Water Products in a research note on Friday, February 6th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Insider Activity at Mueller Water Products

In other news, SVP Todd P. Helms sold 15,094 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total value of $371,614.28. Following the completion of the transaction, the senior vice president directly owned 85,917 shares of the company’s stock, valued at approximately $2,115,276.54. The trade was a 14.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian C. Healy acquired 1,125 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were bought at an average price of $24.41 per share, with a total value of $27,461.25. Following the completion of the purchase, the director directly owned 17,925 shares in the company, valued at $437,549.25. The trade was a 6.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Price Performance

Shares of MWA stock opened at $29.93 on Thursday. Mueller Water Products has a twelve month low of $22.01 and a twelve month high of $30.47. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $26.33 and a two-hundred day simple moving average of $25.66. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 1.38 and a beta of 1.17.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The firm had revenue of $318.20 million for the quarter, compared to analyst estimates of $315.26 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, February 10th. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Mueller Water Products Profile

Mueller Water Products, Inc is a leading provider of water infrastructure and flow control products and services designed to help water utilities and municipalities manage, control and measure their water distribution systems. The company’s portfolio includes a comprehensive range of products such as fire hydrants, valves, pipe repair systems, fittings and couplings, along with advanced metering and monitoring solutions. By combining traditional mechanical components with digital technologies, Mueller Water Products addresses the critical need for reliable and sustainable water distribution across North America.

The company’s operations are organized around two primary business segments.