Elo Mutual Pension Insurance Co Increases Stock Holdings in Mueller Water Products $MWA

Elo Mutual Pension Insurance Co raised its position in Mueller Water Products (NYSE:MWA) by 106.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,083 shares of the industrial products company’s stock after acquiring an additional 36,671 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Mueller Water Products were worth $1,814,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MWA. Royal Bank of Canada grew its holdings in shares of Mueller Water Products by 25.3% in the first quarter. Royal Bank of Canada now owns 153,043 shares of the industrial products company’s stock valued at $3,890,000 after purchasing an additional 30,862 shares in the last quarter. AQR Capital Management LLC boosted its position in Mueller Water Products by 87.2% in the 1st quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after buying an additional 57,053 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Mueller Water Products in the first quarter worth $205,000. United Services Automobile Association acquired a new position in shares of Mueller Water Products in the first quarter worth $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mueller Water Products by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 572,686 shares of the industrial products company’s stock worth $14,558,000 after acquiring an additional 56,404 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird set a $33.00 target price on Mueller Water Products in a research note on Friday, February 6th. Royal Bank Of Canada boosted their price objective on 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. Finally, Oppenheimer restated an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Mueller Water Products Trading Up 0.6%

NYSE:MWA opened at $29.54 on Thursday. Mueller Water Products has a 1 year low of $22.01 and a 1 year high of $31.00. The stock has a market cap of $4.62 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02. The stock has a 50-day simple moving average of $27.32 and a 200-day simple moving average of $25.93.

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

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Insider Activity

In related news, Director Brian C. Healy bought 1,125 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average cost of $24.41 per share, with a total value of $27,461.25. Following the transaction, the director directly owned 17,925 shares of the company’s stock, valued at approximately $437,549.25. This represents a 6.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gregg C. Sengstack purchased 25,000 shares of Mueller Water Products stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average cost of $29.58 per share, with a total value of $739,500.00. Following the completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at $739,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

About Mueller Water Products

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.