American Century Companies Inc. Increases Stock Position in Mueller Water Products $MWA

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

American Century Companies Inc. increased its position in shares of Mueller Water Products (NYSE:MWA - Free Report) by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,440,516 shares of the industrial products company's stock after purchasing an additional 383,884 shares during the period. American Century Companies Inc. owned 1.56% of Mueller Water Products worth $62,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Mueller Water Products by 16.8% in the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company's stock valued at $503,201,000 after acquiring an additional 2,840,895 shares during the last quarter. Invesco Ltd. increased its holdings in Mueller Water Products by 21.6% in the 1st quarter. Invesco Ltd. now owns 4,880,108 shares of the industrial products company's stock valued at $124,052,000 after acquiring an additional 865,977 shares during the last quarter. First Trust Advisors LP increased its holdings in Mueller Water Products by 16.7% in the 4th quarter. First Trust Advisors LP now owns 4,174,938 shares of the industrial products company's stock valued at $93,936,000 after acquiring an additional 596,956 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Mueller Water Products by 21.1% in the 1st quarter. Principal Financial Group Inc. now owns 3,651,340 shares of the industrial products company's stock valued at $92,817,000 after acquiring an additional 636,331 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Mueller Water Products by 7.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,248,990 shares of the industrial products company's stock valued at $73,102,000 after acquiring an additional 220,025 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.33.

Mueller Water Products Price Performance

Shares of Mueller Water Products stock traded up $1.2120 during trading hours on Friday, reaching $27.1820. The company's stock had a trading volume of 1,039,777 shares, compared to its average volume of 1,228,747. The firm has a 50 day moving average price of $24.94 and a 200-day moving average price of $25.32. Mueller Water Products has a one year low of $19.23 and a one year high of $28.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The stock has a market cap of $4.25 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.37 and a beta of 1.18.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The business had revenue of $380.30 million during the quarter, compared to the consensus estimate of $366.82 million. During the same quarter last year, the firm earned $0.32 earnings per share. The business's quarterly revenue was up 6.6% on a year-over-year basis. Mueller Water Products has set its FY 2025 guidance at EPS. On average, analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were issued a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, August 12th. Mueller Water Products's dividend payout ratio is presently 28.72%.

Insider Activity at Mueller Water Products

In related news, Director Thomas J. Hansen sold 24,005 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $26.15, for a total transaction of $627,730.75. Following the transaction, the director directly owned 86,163 shares in the company, valued at approximately $2,253,162.45. This represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy acquired 1,110 shares of the stock in a transaction on Monday, July 7th. The stock was bought at an average cost of $24.74 per share, with a total value of $27,461.40. Following the completion of the transaction, the director owned 15,730 shares in the company, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Mueller Water Products Company 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.