Thrivent Financial for Lutherans lowered its holdings in shares of Mueller Water Products (NYSE:MWA – Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 444,303 shares of the industrial products company’s stock after selling 35,998 shares during the period. Thrivent Financial for Lutherans owned about 0.28% of Mueller Water Products worth $10,583,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of MWA. Danske Bank A S raised its holdings in shares of 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 worth $26,000 after buying an additional 800 shares in the last quarter. Covestor Ltd raised its holdings 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 in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Mueller Water Products during the 4th quarter worth $34,000. Quarry LP raised its holdings in shares of Mueller Water Products by 398.0% during the 3rd quarter. Quarry LP now owns 2,196 shares of the industrial products company’s stock worth $56,000 after buying an additional 1,755 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Mueller Water Products by 677.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,204 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,792 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.
Insider Buying and Selling at Mueller Water Products
In related news, Director Gregg C. Sengstack purchased 25,000 shares of Mueller Water Products stock in a transaction on Wednesday, February 25th. The shares were purchased at an average price of $29.58 per share, for a total transaction of $739,500.00. Following the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $739,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian C. Healy purchased 1,166 shares of Mueller Water Products stock in a transaction on Friday, May 15th. The stock was bought at an average price of $25.75 per share, for a total transaction of $30,024.50. Following the transaction, the director directly owned 23,763 shares in the company, valued at approximately $611,897.25. The trade was a 5.16% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Mueller Water Products
Mueller Water Products Price Performance
Shares of MWA opened at $25.01 on Wednesday. Mueller Water Products has a 12-month low of $22.74 and a 12-month high of $31.00. The business has a 50-day simple moving average of $27.68 and a two-hundred day simple moving average of $26.64. The company has a quick ratio of 2.92, a current ratio of 4.57 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.91 billion, a PE ratio of 19.09, a PEG ratio of 1.17 and a beta of 1.08.
Mueller Water Products (NYSE:MWA – Get Free Report) last issued its earnings results on Tuesday, April 21st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter. Mueller Water Products had a return on equity of 22.11% and a net margin of 14.17%.The business had revenue of $1.19 billion during the quarter. Analysts anticipate that Mueller Water Products will post 1.47 earnings per share for the current fiscal year.
Mueller Water Products Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 11th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, May 11th. Mueller Water Products’s payout ratio is 21.37%.
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.
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