69,797 Shares in Mueller Water Products $MWA Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Mueller Water Products (NYSE:MWA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 69,797 shares of the industrial products company’s stock, valued at approximately $1,781,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in shares of Mueller Water Products by 131.8% during the 3rd quarter. Covestor Ltd now owns 1,050 shares of the industrial products company’s stock worth $27,000 after buying an additional 597 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings 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 acquiring an additional 575 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Mueller Water Products by 355.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,842 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 2,218 shares during the last quarter. AlphaQuest LLC acquired a new position in Mueller Water Products during the second quarter valued at approximately $71,000. Finally, EverSource Wealth Advisors LLC grew its stake in Mueller Water Products by 677.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 2,792 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Stock Performance

MWA opened at $29.88 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. Mueller Water Products has a 12-month low of $22.01 and a 12-month high of $30.47. The business has a 50 day moving average of $26.72 and a 200-day moving average of $25.79. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.36 and a beta of 1.17.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Mueller Water Products had a return on equity of 22.34% and a net margin of 13.83%.The business had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $315.26 million. During the same quarter in the prior year, the business earned $0.25 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts expect 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. Investors of record on Tuesday, February 10th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Mueller Water Products’s payout ratio is presently 22.22%.

Insider Transactions at Mueller Water Products

In other news, Director Brian C. Healy acquired 1,125 shares of Mueller Water Products stock in a transaction dated Wednesday, January 7th. The stock was bought at an average price of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the acquisition, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. The trade was a 6.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Todd P. Helms sold 15,094 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $24.62, for a total value of $371,614.28. Following the completion of the transaction, the senior vice president directly owned 85,917 shares in the company, 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. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MWA shares. Royal Bank Of Canada upped 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 target price on shares of Mueller Water Products in a research note on Friday, February 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.