Allspring Global Investments Holdings LLC Buys 22,718 Shares of Mueller Water Products $MWA

Key Points

• Allspring Global Investments Holdings LLC has increased its stake in Mueller Water Products by 8.7%, acquiring an additional 22,718 shares, bringing its total to 282,878 shares valued at approximately $6.8 million.
• Mueller Water Products reported earnings of $0.11 per share with net revenue of $237.4 million for the last quarter, along with a net margin of 10.67%.
• The company has announced a quarterly dividend of $0.067 per share, representing a 1.1% dividend yield and a payout ratio of 28.72%.

Allspring Global Investments Holdings LLC increased its stake in shares of Mueller Water Products (NYSE:MWA - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,878 shares of the industrial products company's stock after acquiring an additional 22,718 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.18% of Mueller Water Products worth $6,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MWA. Olde Wealth Management LLC bought a new position in Mueller Water Products during the first quarter worth $42,000. Nisa Investment Advisors LLC boosted its stake in Mueller Water Products by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after acquiring an additional 1,104 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Mueller Water Products by 177.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company's stock worth $67,000 after acquiring an additional 1,686 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Mueller Water Products during the first quarter worth $73,000. Finally, GAMMA Investing LLC lifted its stake in shares of Mueller Water Products by 55.8% in the second quarter. GAMMA Investing LLC now owns 3,143 shares of the industrial products company's stock valued at $76,000 after buying an additional 1,126 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Mueller Water Products Stock Performance

NYSE MWA opened at $25.21 on Monday. Mueller Water Products has a 52-week low of $21.35 and a 52-week high of $28.58. The company has a 50-day simple moving average of $25.85 and a 200 day simple moving average of $25.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86. The company has a market capitalization of $3.94 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its earnings results on Thursday, February 24th. The industrial products company reported $0.11 earnings per share for the quarter. The firm had revenue of $237.40 million during the quarter. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. On average, research analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.067 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. Mueller Water Products's dividend payout ratio (DPR) is presently 28.72%.

Insider Transactions at Mueller Water Products

In other Mueller Water Products news, Director Brian C. Healy bought 1,070 shares of Mueller Water Products stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average price of $25.78 per share, for a total transaction of $27,584.60. Following the completion of the purchase, the director directly owned 16,800 shares of the company's stock, valued at approximately $433,104. This trade represents a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Suzanne G. Smith sold 8,621 shares of Mueller Water Products stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $26.37, for a total transaction of $227,335.77. Following the completion of the transaction, the chief accounting officer owned 761 shares of the company's stock, valued at $20,067.57. The trade was a 91.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,664 shares of company stock worth $909,819 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mueller Water Products in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Mueller Water Products currently has a consensus rating of "Moderate Buy" and an average price target of $28.33.

Mueller Water Products Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.

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