First National Advisers LLC Buys Shares of 132,180 Mueller Water Products $MWA

First National Advisers LLC bought a new stake in Mueller Water Products (NYSE:MWAFree Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 132,180 shares of the industrial products company’s stock, valued at approximately $3,148,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Mueller Water Products by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,262,684 shares of the industrial products company’s stock valued at $77,717,000 after buying an additional 37,148 shares in the last quarter. American Century Companies Inc. raised its stake 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 valued at $79,592,000 after acquiring an additional 330,231 shares during the last quarter. Amundi raised its stake in shares of Mueller Water Products by 112.2% during 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 last quarter. Millennium Management LLC raised its stake in shares of Mueller Water Products by 31.7% during 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mueller Water Products by 0.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,305,231 shares of the industrial products company’s stock valued at $33,309,000 after acquiring an additional 6,379 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Gregg C. Sengstack acquired 25,000 shares of Mueller Water Products stock in a transaction dated Wednesday, February 25th. The stock was 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 directly owned 25,000 shares of the company’s stock, valued at $739,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Todd P. Helms sold 10,720 shares of Mueller Water Products stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $27.61, for a total transaction of $295,979.20. Following the transaction, the senior vice president owned 64,477 shares of the company’s stock, valued at $1,780,209.97. This represents a 14.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Mueller Water Products from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $29.00 target price on shares of Mueller Water Products in a research note on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and set a $32.00 target price (up from $30.00) on shares of Mueller Water Products in a research note on Monday, February 9th. Finally, Robert W. Baird set a $33.00 target price on shares of Mueller Water Products in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Mueller Water Products presently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

View Our Latest Analysis on Mueller Water Products

Mueller Water Products Trading Down 1.9%

NYSE:MWA opened at $25.86 on Tuesday. The company has a current ratio of 4.57, a quick ratio of 2.92 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.20 and a beta of 1.08. The firm has a fifty day simple moving average of $28.14 and a two-hundred day simple moving average of $26.65. Mueller Water Products has a 12 month low of $22.74 and a 12 month high of $31.00.

Mueller Water Products (NYSE:MWAGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $2.16 EPS for the quarter. The business had revenue of $1.19 billion during the quarter. Mueller Water Products had a net margin of 14.17% and a return on equity of 22.11%. Analysts expect that Mueller Water Products will post 1.46 EPS for the current fiscal year.

Mueller Water Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.07 per share. 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 dividend payout ratio (DPR) is currently 21.37%.

About Mueller Water Products

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mueller Water Products (NYSE:MWA)

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