Mueller Water Products $MWA Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Mueller Water Products (NYSE:MWA) by 4,740.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,322 shares of the industrial products company’s stock after buying an additional 36,551 shares during the period. Fifth Third Bancorp’s holdings in Mueller Water Products were worth $1,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Mueller Water Products by 4.2% during the 4th quarter. State Street Corp now owns 6,165,849 shares of the industrial products company’s stock worth $146,871,000 after purchasing an additional 250,461 shares during the period. First Trust Advisors LP raised its position in Mueller Water Products by 8.4% in the fourth quarter. First Trust Advisors LP now owns 4,506,486 shares of the industrial products company’s stock valued at $107,344,000 after purchasing an additional 350,837 shares during the period. Dimensional Fund Advisors LP raised its position in Mueller Water Products by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,613,397 shares of the industrial products company’s stock valued at $86,075,000 after purchasing an additional 22,056 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Mueller Water Products by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock worth $77,717,000 after purchasing an additional 37,148 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Mueller Water Products by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 3,241,253 shares of the industrial products company’s stock worth $77,207,000 after purchasing an additional 182,905 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MWA has been the subject of a number of recent research reports. Royal Bank Of Canada increased their target price on Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $29.00 price objective on shares of Mueller Water Products in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded shares of Mueller Water Products from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Barclays initiated coverage on shares of Mueller Water Products in a report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mueller Water Products currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Mueller Water Products Trading Up 0.7%

Shares of MWA opened at $25.06 on Friday. The company has a market capitalization of $3.92 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.14 and a beta of 1.03. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.92 and a current ratio of 4.57. The stock has a 50-day moving average price of $25.43 and a 200 day moving average price of $26.98.

Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The firm had revenue of $1.19 billion during the quarter. Sell-side analysts forecast that Mueller Water Products will post 1.47 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, May 11th. Mueller Water Products’s dividend payout ratio is 21.37%.

Insiders Place Their Bets

In related news, Director Brian C. Healy acquired 1,183 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of $25.33 per share, with a total value of $29,965.39. Following the acquisition, the director directly owned 24,946 shares in the company, valued at approximately $631,882.18. The trade was a 4.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Company 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.