SG Americas Securities LLC Buys 351,819 Shares of Mueller Water Products $MWA

SG Americas Securities LLC grew its stake in shares of Mueller Water Products (NYSE:MWA) by 998.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 387,050 shares of the industrial products company’s stock after acquiring an additional 351,819 shares during the period. SG Americas Securities LLC owned 0.25% of Mueller Water Products worth $9,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MWA. Invesco Ltd. lifted its holdings in Mueller Water Products by 19.4% during the 2nd quarter. Invesco Ltd. now owns 5,825,366 shares of the industrial products company’s stock worth $140,042,000 after purchasing an additional 945,258 shares during the last quarter. First Trust Advisors LP increased its position in Mueller Water Products by 66.1% during the 2nd quarter. First Trust Advisors LP now owns 5,535,000 shares of the industrial products company’s stock worth $133,061,000 after buying an additional 2,203,088 shares during the period. American Century Companies Inc. lifted its holdings in shares of Mueller Water Products by 11.8% during the third quarter. American Century Companies Inc. now owns 3,118,795 shares of the industrial products company’s stock worth $79,592,000 after buying an additional 330,231 shares in the last quarter. Amundi boosted its position in shares of Mueller Water Products by 112.2% in the third quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock valued at $58,099,000 after acquiring an additional 1,198,801 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Mueller Water Products by 31.7% in the third quarter. Millennium Management LLC now owns 1,727,092 shares of the industrial products company’s stock valued at $44,075,000 after acquiring an additional 415,654 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mueller Water Products Trading Up 0.1%

MWA opened at $27.07 on Monday. Mueller Water Products has a twelve month low of $22.01 and a twelve month high of $31.00. The company has a 50-day simple moving average of $28.33 and a 200 day simple moving average of $26.10. The company has a quick ratio of 2.55, a current ratio of 4.02 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.24 and a beta of 1.15.

Mueller Water Products (NYSE:MWA) last released 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. The firm had revenue of $318.20 million for the quarter, compared to analyst estimates of $315.26 million. Mueller Water Products had a net margin of 13.83% and a return on equity of 22.34%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. Mueller Water Products’s dividend payout ratio (DPR) is currently 22.22%.

Insider Activity at Mueller Water Products

In other news, Director Brian C. Healy acquired 1,125 shares of the stock in a transaction on Wednesday, January 7th. The stock was acquired at an average cost of $24.41 per share, for a total transaction of $27,461.25. Following the completion of the transaction, the director directly owned 17,925 shares in the company, valued at approximately $437,549.25. This trade represents a 6.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total value of $295,979.20. Following the sale, the senior vice president owned 64,477 shares of the company’s stock, valued at $1,780,209.97. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

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.