Mueller Water Products $MWA Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Mueller Water Products (NYSE:MWA) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 877,370 shares of the industrial products company’s stock after selling 94,121 shares during the quarter. Victory Capital Management Inc. owned about 0.56% of Mueller Water Products worth $22,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Mueller Water Products by 131.8% in the third quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 597 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Mueller Water Products by 31.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,427 shares of the industrial products company’s stock worth $62,000 after buying an additional 575 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Mueller Water Products by 677.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,792 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Mueller Water Products by 71.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,875 shares of the industrial products company’s stock valued at $124,000 after buying an additional 2,033 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Mueller Water Products by 142.6% in the 3rd quarter. AlphaQuest LLC now owns 7,151 shares of the industrial products company’s stock valued at $182,000 after buying an additional 4,203 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Price Performance

MWA stock opened at $28.04 on Tuesday. Mueller Water Products has a 52-week low of $22.01 and a 52-week high of $31.00. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.28 and a beta of 1.15. The business has a fifty day moving average of $27.53 and a two-hundred day moving average of $25.97.

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. 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 company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, research analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. Mueller Water Products’s dividend payout ratio is presently 22.22%.

Insiders Place Their Bets

In related news, Director Brian C. Healy acquired 1,125 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were purchased at an average cost of $24.41 per share, for a total transaction of $27,461.25. Following the acquisition, the director owned 17,925 shares in the company, valued at $437,549.25. The trade was a 6.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $29.72, for a total transaction of $318,598.40. Following the transaction, the senior vice president directly owned 75,197 shares of the company’s stock, valued at $2,234,854.84. The trade was a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.