Axiom Investors LLC DE Acquires Shares of 418,885 Mueller Water Products $MWA

Key Points

• Axiom Investors LLC DE acquired 418,885 shares of Mueller Water Products for approximately $10.65 million, representing 0.27% ownership as of the latest quarter.
• Multiple hedge funds have increased their stakes in Mueller Water Products, indicating strong institutional interest, with hedge funds owning 91.68% of the company's shares.
• Mueller Water Products reported a quarterly EPS of $0.34, slightly missing consensus estimates, while also announcing a quarterly dividend of $0.067 per share.

Axiom Investors LLC DE bought a new position in shares of Mueller Water Products (NYSE:MWA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 418,885 shares of the industrial products company's stock, valued at approximately $10,648,000. Axiom Investors LLC DE owned approximately 0.27% of Mueller Water Products at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Mueller Water Products by 171.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after buying an additional 1,113 shares in the last quarter. Byrne Asset Management LLC increased its position in Mueller Water Products by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock worth $40,000 after buying an additional 658 shares in the last quarter. Olde Wealth Management LLC purchased a new position in Mueller Water Products during the first quarter worth $42,000. Nisa Investment Advisors LLC increased its position 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 buying an additional 1,104 shares in the last quarter. Finally, Gen Wealth Partners Inc purchased a new position in Mueller Water Products during the fourth quarter worth $65,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mueller Water Products

In related news, CAO Suzanne G. Smith sold 1,288 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the sale, the chief accounting officer directly owned 763 shares in the company, valued at $20,532.33. This trade represents a 62.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Hansen sold 24,005 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $26.15, for a total value of $627,730.75. Following the completion of the sale, the director owned 86,163 shares in the company, valued at approximately $2,253,162.45. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,914 shares of company stock worth $889,727 in the last three months. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Mueller Water Products Price Performance

Shares of NYSE MWA opened at $26.78 on Monday. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. Mueller Water Products has a fifty-two week low of $19.23 and a fifty-two week high of $28.58. The business has a 50 day moving average price of $25.54 and a two-hundred day moving average price of $25.28. The firm has a market cap of $4.18 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.19.

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

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a $0.067 dividend. 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 (DPR) is currently 28.72%.

About Mueller Water Products

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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