Lightrock Netherlands B.V. Grows Stock Holdings in Mueller Water Products $MWA

Lightrock Netherlands B.V. boosted its holdings in shares of Mueller Water Products (NYSE:MWA) by 11.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 496,784 shares of the industrial products company’s stock after acquiring an additional 51,000 shares during the period. Mueller Water Products accounts for about 1.2% of Lightrock Netherlands B.V.’s portfolio, making the stock its 20th largest position. Lightrock Netherlands B.V.’s holdings in Mueller Water Products were worth $11,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in Mueller Water Products by 23.6% during the fourth quarter. Farther Finance Advisors LLC now owns 8,677 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 1,655 shares in the last quarter. State of Alaska Department of Revenue increased its position in Mueller Water Products by 1.7% during the fourth quarter. State of Alaska Department of Revenue now owns 88,799 shares of the industrial products company’s stock valued at $2,115,000 after acquiring an additional 1,509 shares during the last quarter. Bfsg LLC raised its stake in shares of Mueller Water Products by 0.7% in the fourth quarter. Bfsg LLC now owns 199,909 shares of the industrial products company’s stock valued at $4,762,000 after acquiring an additional 1,374 shares during the period. Personal CFO Solutions LLC raised its stake in shares of Mueller Water Products by 22.6% in the fourth quarter. Personal CFO Solutions LLC now owns 10,811 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 1,993 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Mueller Water Products in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Mueller Water Products Trading Down 3.3%

Shares of MWA opened at $29.19 on Thursday. Mueller Water Products has a twelve month low of $22.74 and a twelve month high of $31.00. The company has a market cap of $4.56 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.39 and a beta of 1.16. The company has a current ratio of 4.02, a quick ratio of 2.55 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $28.78 and its 200-day simple moving average is $26.40.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $318.20 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, analysts expect that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MWA. Royal Bank Of Canada increased their target price on shares of 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. Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research note on Friday, February 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

Insider Transactions at Mueller Water Products

In related news, Director Gregg C. Sengstack purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average cost of $29.58 per share, for a total transaction of $739,500.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at approximately $739,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Todd P. Helms sold 10,720 shares of the company’s stock in a transaction dated 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 approximately $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. 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.