Charles Schwab Investment Management Inc. Sells 35,840 Shares of MUELLER WATER PRODUCTS $MWA

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Mueller Water Products by 1.8%, owning approximately 1.92 million shares valued at $48.72 million at the end of the first quarter.
• Vanguard Group Inc. significantly increased its stake in Mueller Water Products by 16.8%, now holding nearly 19.8 million shares worth approximately $503.2 million.
• Mueller Water Products recently reported earnings of $0.34 per share, missing analysts' estimates, and announced a quarterly dividend of $0.067, representing a 1.0% dividend yield.

Charles Schwab Investment Management Inc. lowered its stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,916,442 shares of the industrial products company's stock after selling 35,840 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of MUELLER WATER PRODUCTS worth $48,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in MUELLER WATER PRODUCTS by 16.8% during 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 purchasing an additional 2,840,895 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in MUELLER WATER PRODUCTS during the 1st quarter valued at $53,854,000. PNC Financial Services Group Inc. boosted its stake in MUELLER WATER PRODUCTS by 430.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,320 shares of the industrial products company's stock valued at $542,000 after purchasing an additional 17,298 shares during the last quarter. Alberta Investment Management Corp boosted its stake in MUELLER WATER PRODUCTS by 6.6% during the 1st quarter. Alberta Investment Management Corp now owns 212,811 shares of the industrial products company's stock valued at $5,410,000 after purchasing an additional 13,095 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new stake in MUELLER WATER PRODUCTS during the 1st quarter valued at $297,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Insider Buying and Selling

In related news, Director Thomas J. Hansen sold 24,005 shares of the firm'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 transaction, the director directly owned 86,163 shares of the company's stock, valued at approximately $2,253,162.45. This trade represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian C. Healy bought 1,110 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average cost of $24.74 per share, for a total transaction of $27,461.40. Following the completion of the acquisition, the director owned 15,730 shares in the company, valued at $389,160.20. This trade represents a 7.59% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.33.

MUELLER WATER PRODUCTS Stock Performance

Shares of MWA stock traded down $0.1750 on Wednesday, reaching $26.2250. The stock had a trading volume of 157,798 shares, compared to its average volume of 1,800,321. The stock has a market cap of $4.10 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18. MUELLER WATER PRODUCTS has a 1 year low of $19.23 and a 1 year high of $28.58. 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 50 day simple moving average of $24.78 and a 200 day simple moving average of $25.27.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The firm had revenue of $380.30 million during 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%.The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. Equities research analysts expect that MUELLER WATER PRODUCTS will post 1.24 EPS for the current year.

MUELLER WATER PRODUCTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 12th will be issued a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, August 12th. MUELLER WATER PRODUCTS's dividend payout ratio (DPR) is currently 28.72%.

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.