Mueller Water Products $MWA Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Mueller Water Products (NYSE:MWA) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 557,190 shares of the industrial products company’s stock after purchasing an additional 24,611 shares during the quarter. Envestnet Asset Management Inc. owned 0.36% of Mueller Water Products worth $14,219,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its position in 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 worth $3,890,000 after acquiring an additional 30,862 shares in the last quarter. AQR Capital Management LLC lifted its stake in Mueller Water Products by 87.2% during the first quarter. AQR Capital Management LLC now owns 122,472 shares of the industrial products company’s stock valued at $3,113,000 after purchasing an additional 57,053 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Mueller Water Products during the first quarter worth approximately $205,000. United Services Automobile Association bought a new stake in Mueller Water Products during the first quarter worth approximately $212,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mueller Water Products by 10.9% in 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 buying an additional 56,404 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Mueller Water Products Stock Up 0.6%

MWA opened at $30.10 on Tuesday. The company has a market capitalization of $4.71 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. Mueller Water Products has a fifty-two week low of $22.01 and a fifty-two week high of $30.21. The business has a 50-day moving average of $26.10 and a 200-day moving average of $25.59.

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 during the quarter, compared to analysts’ expectations of $315.26 million. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Equities research analysts forecast that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 10th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, February 10th. Mueller Water Products’s payout ratio is presently 22.22%.

Insiders Place Their Bets

In related news, Director Brian C. Healy acquired 1,125 shares of the stock in a transaction dated Wednesday, January 7th. The shares were acquired at an average price of $24.41 per share, with a total value of $27,461.25. Following the acquisition, the director owned 17,925 shares in the company, valued at approximately $437,549.25. The trade was a 6.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Todd P. Helms sold 15,094 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $24.62, for a total value of $371,614.28. Following the sale, the senior vice president directly owned 85,917 shares of the company’s stock, valued at $2,115,276.54. The trade was a 14.94% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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