14,148 Shares in Mueller Water Products $MWA Acquired by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. has acquired a new stake in Mueller Water Products, purchasing 14,148 shares valued at approximately $360,000 during the 1st quarter of the year.
• Wall Street analysts have upgraded Mueller Water Products from a "hold" to a "buy" rating, indicating increased confidence in the company's future performance.
• Mueller Water Products has declared a quarterly dividend of $0.067 per share, with an annualized yield of 1.0%, to be paid on August 21st to stockholders of record as of August 12th.

Benjamin Edwards Inc. bought a new position in shares of Mueller Water Products (NYSE:MWA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,148 shares of the industrial products company's stock, valued at approximately $360,000.

A number of other large investors have also bought and sold shares of MWA. Measured Wealth Private Client Group LLC bought a new position in shares of Mueller Water Products in the first quarter valued at $639,000. Maryland State Retirement & Pension System bought a new position in Mueller Water Products during the first quarter valued at $1,161,000. Mutual of America Capital Management LLC purchased a new stake in Mueller Water Products in the first quarter worth $580,000. Arjuna Capital bought a new stake in shares of Mueller Water Products in the first quarter valued at $1,201,000. Finally, Deutsche Bank AG lifted its position in shares of Mueller Water Products by 62.9% during the 1st quarter. Deutsche Bank AG now owns 354,103 shares of the industrial products company's stock valued at $9,001,000 after buying an additional 136,688 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mueller Water Products

In related news, CAO Suzanne G. Smith sold 8,621 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $26.37, for a total value of $227,335.77. Following the completion of the sale, the chief accounting officer owned 761 shares in the company, valued at $20,067.57. The trade was a 91.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian C. Healy bought 1,110 shares of the business's stock in a transaction on Monday, July 7th. The stock was purchased at an average cost of $24.74 per share, with a total value of $27,461.40. Following the purchase, the director owned 15,730 shares of the company's stock, valued at $389,160.20. This 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.

Analyst Upgrades and Downgrades

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

Mueller Water Products Price Performance

NYSE:MWA traded up $0.1510 during mid-day trading on Tuesday, hitting $26.3610. 621,542 shares of the stock traded hands, compared to its average volume of 1,810,860. Mueller Water Products has a 12-month low of $19.23 and a 12-month high of $28.58. The company has a quick ratio of 2.56, a current ratio of 3.86 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.12 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. The business's 50-day moving average price is $24.74 and its 200 day moving average price is $25.26.

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

Mueller Water Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be given a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, August 12th. Mueller Water Products's dividend payout ratio is 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.