Mueller Water Products $MWA Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in Mueller Water Products (NYSE:MWA) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,147 shares of the industrial products company’s stock after selling 19,978 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Mueller Water Products worth $2,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mueller Water Products during the third quarter worth about $692,000. Jupiter Asset Management Ltd. increased its position in shares of Mueller Water Products by 62.3% during the third quarter. Jupiter Asset Management Ltd. now owns 930,230 shares of the industrial products company’s stock worth $23,739,000 after purchasing an additional 357,087 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Mueller Water Products during the third quarter worth about $1,781,000. Elo Mutual Pension Insurance Co increased its position in shares of Mueller Water Products by 106.6% during the third quarter. Elo Mutual Pension Insurance Co now owns 71,083 shares of the industrial products company’s stock worth $1,814,000 after purchasing an additional 36,671 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Mueller Water Products by 11.8% during the third quarter. American Century Companies Inc. now owns 3,118,795 shares of the industrial products company’s stock worth $79,592,000 after purchasing an additional 330,231 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mueller Water Products news, Director Gregg C. Sengstack acquired 25,000 shares of the stock in a transaction on Wednesday, February 25th. The shares were bought at an average price of $29.58 per share, with a total value of $739,500.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $739,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Todd P. Helms sold 10,720 shares of Mueller Water Products stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $27.61, for a total value of $295,979.20. Following the completion of the sale, the senior vice president directly owned 64,477 shares in the company, valued at $1,780,209.97. This represents a 14.26% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MWA. Oppenheimer reiterated an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Robert W. Baird set a $33.00 target price on Mueller Water Products in a research report on Friday, February 6th. Finally, Royal Bank Of Canada lifted their target price 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mueller Water Products currently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Mueller Water Products Stock Up 1.2%

Shares of Mueller Water Products stock opened at $28.12 on Friday. The company has a market cap of $4.40 billion, a P/E ratio of 22.32, a PEG ratio of 1.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The firm has a fifty day moving average of $28.64 and a two-hundred day moving average of $26.50.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The company had revenue of $318.20 million during the quarter, compared to the consensus estimate of $315.26 million. During the same quarter in the prior year, the firm earned $0.25 EPS. Mueller Water Products’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts forecast that Mueller Water Products will post 1.45 earnings per share for the current year.

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.