Algert Global LLC Sells 221,821 Shares of Mueller Water Products $MWA

Algert Global LLC decreased its position in shares of Mueller Water Products (NYSE:MWA) by 42.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,913 shares of the industrial products company’s stock after selling 221,821 shares during the quarter. Algert Global LLC owned about 0.19% of Mueller Water Products worth $7,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Mueller Water Products by 509.3% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 263,223 shares of the industrial products company’s stock worth $6,717,000 after purchasing an additional 220,025 shares in the last quarter. Creative Planning grew its position in Mueller Water Products by 27.0% in the 3rd quarter. Creative Planning now owns 60,429 shares of the industrial products company’s stock valued at $1,542,000 after purchasing an additional 12,855 shares during the period. Credit Agricole S A bought a new stake in Mueller Water Products during the 3rd quarter valued at $13,004,000. Amundi raised its holdings in Mueller Water Products by 112.2% during the third quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock worth $58,099,000 after buying an additional 1,198,801 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in Mueller Water Products during the third quarter worth $623,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MWA shares. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research report on Friday, February 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Mueller Water Products in a research report on Monday, February 9th. Finally, Royal Bank Of Canada lifted their price target on Mueller Water Products from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Insider Activity

In other news, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $29.72, for a total value of $318,598.40. Following the completion of the transaction, the senior vice president directly owned 75,197 shares of the company’s stock, valued at $2,234,854.84. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian C. Healy purchased 1,125 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average cost of $24.41 per share, with a total value of $27,461.25. Following the completion of the transaction, the director directly owned 17,925 shares of the company’s stock, valued at $437,549.25. The trade was a 6.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Price Performance

MWA opened at $27.67 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.02 and a quick ratio of 2.55. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.27 and a beta of 1.15. The firm’s fifty day moving average price is $27.92 and its two-hundred day moving average price is $26.00. Mueller Water Products has a 1 year low of $22.01 and a 1 year high of $31.00.

Mueller Water Products (NYSE:MWA) last announced its 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. 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 company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts anticipate that Mueller Water Products will post 1.24 earnings per share for the current fiscal year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, February 10th. Mueller Water Products’s payout ratio is presently 22.22%.

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.