Caitlin John LLC Buys Shares of 43,229 MUELLER WATER PRODUCTS $MWA

Key Points

• Caitlin John LLC invested approximately $1.04 million in MUELLER WATER PRODUCTS, acquiring 43,229 shares during the second quarter.
• Institutional investors and hedge funds now own 91.68% of MUELLER WATER PRODUCTS, with significant increases in holdings by firms like Allianz Asset Management, which raised its stake by 95.4%.
• MUELLER WATER PRODUCTS reported quarterly earnings of $0.34 per share, missing estimates, but revenue increased by 6.6% year-over-year to $380.30 million.

Caitlin John LLC purchased a new stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 43,229 shares of the industrial products company's stock, valued at approximately $1,039,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC raised its holdings in MUELLER WATER PRODUCTS by 73.1% during the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after buying an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of MUELLER WATER PRODUCTS in the 1st quarter worth approximately $42,000. Nisa Investment Advisors LLC raised its stake in MUELLER WATER PRODUCTS by 184.6% during the 1st 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 during the period. Caitong International Asset Management Co. Ltd raised its stake in MUELLER WATER PRODUCTS by 177.7% during the 1st 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 during the period. Finally, Banque Cantonale Vaudoise bought a new stake in MUELLER WATER PRODUCTS during the 1st quarter worth approximately $73,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

MUELLER WATER PRODUCTS Stock Performance

MUELLER WATER PRODUCTS stock traded up $0.14 during mid-day trading on Monday, hitting $25.43. The company had a trading volume of 806,325 shares, compared to its average volume of 1,185,762. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.33 and a beta of 1.19. The company's fifty day moving average is $25.68 and its 200-day moving average is $25.30. MUELLER WATER PRODUCTS has a 12-month low of $20.94 and a 12-month high of $28.58.

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

MUELLER WATER PRODUCTS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th were given a dividend of $0.067 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS's payout ratio is presently 28.72%.

Insider Activity

In other news, Director Thomas J. Hansen sold 24,005 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $26.15, for a total value of $627,730.75. Following the sale, the director directly owned 86,163 shares in the company, valued at $2,253,162.45. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Suzanne G. Smith sold 1,288 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the completion of the transaction, the chief accounting officer owned 763 shares in the company, valued at approximately $20,532.33. This trade represents a 62.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,664 shares of company stock worth $909,819 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One equities research analyst has 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 "Hold" 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.