Paralel Advisors LLC bought a new position in shares of Mueller Water Products (NYSE:MWA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,083 shares of the industrial products company’s stock, valued at approximately $2,172,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Strive Financial Group LLC acquired a new stake in shares of Mueller Water Products during the 4th quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its holdings in shares of Mueller Water Products by 47.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,323 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 423 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Mueller Water Products by 44.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 469 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Mueller Water Products in the 2nd quarter valued at approximately $43,000. Finally, Sterling Capital Management LLC increased its stake in Mueller Water Products by 89.5% in the 1st quarter. Sterling Capital Management LLC now owns 1,935 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 914 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
Mueller Water Products Price Performance
Shares of NYSE:MWA opened at $23.91 on Monday. The business’s fifty day moving average price is $25.20 and its two-hundred day moving average price is $26.60. The stock has a market cap of $3.73 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.08 and a current ratio of 4.64. Mueller Water Products has a one year low of $22.74 and a one year high of $31.00.
Mueller Water Products Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.28 annualized dividend and a yield of 1.2%. Mueller Water Products’s payout ratio is presently 19.86%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Robert W. Baird set a $35.00 target price on Mueller Water Products in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Mueller Water Products from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada dropped their target price on shares of Mueller Water Products from $31.00 to $30.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Finally, Barclays assumed coverage on shares of Mueller Water Products in a research report on Tuesday, June 30th. They set an “underweight” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mueller Water Products presently has a consensus rating of “Hold” and a consensus target price of $30.20.
View Our Latest Analysis on Mueller Water Products
Insider Buying and Selling at Mueller Water Products
In other Mueller Water Products news, Director Christine Ortiz sold 12,048 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $24.23, for a total value of $291,923.04. Following the transaction, the director directly owned 30,824 shares in the company, valued at approximately $746,865.52. This represents a 28.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian Healy purchased 1,183 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were purchased at an average cost of $25.33 per share, for a total transaction of $29,965.39. Following the completion of the purchase, the director directly owned 24,946 shares in the company, valued at $631,882.18. The trade was a 4.98% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 52,598 shares of company stock worth $1,360,685. Corporate insiders own 1.10% of the company’s stock.
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.
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