Oak Ridge Investments LLC Sells 22,028 Shares of Mueller Water Products $MWA

Oak Ridge Investments LLC lowered its stake in Mueller Water Products (NYSE:MWA) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,043 shares of the industrial products company’s stock after selling 22,028 shares during the quarter. Oak Ridge Investments LLC owned approximately 0.05% of Mueller Water Products worth $1,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MWA. Amundi increased its position in Mueller Water Products by 112.2% during the 3rd quarter. Amundi now owns 2,267,340 shares of the industrial products company’s stock valued at $58,099,000 after purchasing an additional 1,198,801 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Mueller Water Products by 525.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,393,293 shares of the industrial products company’s stock worth $35,557,000 after buying an additional 1,170,683 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Mueller Water Products by 344.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 945,613 shares of the industrial products company’s stock worth $22,733,000 after buying an additional 732,669 shares during the period. Credit Agricole S A acquired a new stake in shares of Mueller Water Products during the 3rd quarter worth approximately $13,004,000. Finally, Squarepoint Ops LLC grew its position in shares of Mueller Water Products by 340.2% during the 3rd quarter. Squarepoint Ops LLC now owns 558,163 shares of the industrial products company’s stock worth $14,244,000 after buying an additional 431,378 shares during the period. Institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Up 2.4%

Shares of Mueller Water Products stock opened at $30.39 on Tuesday. Mueller Water Products has a 52-week low of $22.74 and a 52-week high of $31.00. The stock’s 50-day simple moving average is $28.69 and its 200 day simple moving average is $26.34. The stock has a market capitalization of $4.75 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.55 and a current ratio of 4.02.

Mueller Water Products (NYSE:MWA) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.29 earnings per share (EPS) 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 period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders 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%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $27.61, for a total transaction of $295,979.20. Following the completion of the transaction, the senior vice president owned 64,477 shares in the company, valued at $1,780,209.97. This represents a 14.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregg C. Sengstack bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $29.58 per share, with a total value of $739,500.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $739,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase 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.