Mueller Water Products $MWA Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Mueller Water Products (NYSE:MWA) by 2.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,077,153 shares of the industrial products company’s stock after selling 26,263 shares during the period. Bank of New York Mellon Corp owned approximately 0.69% of Mueller Water Products worth $29,611,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Danske Bank A S grew its stake in Mueller Water Products by 266.7% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 800 shares during the last quarter. Strive Financial Group LLC acquired a new position in Mueller Water Products in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in Mueller Water Products by 47.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after buying an additional 423 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Mueller Water Products during the 4th quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Mueller Water Products by 44.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Trading Up 0.1%

MWA opened at $25.06 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.57 and a quick ratio of 2.92. The company’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $27.00. Mueller Water Products has a 1-year low of $22.74 and a 1-year high of $31.00. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.03.

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

Mueller Water Products Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Mueller Water Products

In other news, Director Brian C. Healy bought 1,183 shares of Mueller Water Products stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of $25.33 per share, with a total value of $29,965.39. Following the completion of the purchase, the director directly owned 24,946 shares of the company’s stock, valued at approximately $631,882.18. This trade represents a 4.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

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.