MUELLER WATER PRODUCTS $MWA Shares Bought by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. increased its stake in Mueller Water Products by 39.8%, acquiring a total of 44,632 shares valued at approximately $1.14 million.
• Mueller Water Products received a rating upgrade from "hold" to "buy" by Wall Street Zen, indicating increased confidence in the stock.
• The company declared a quarterly dividend of $0.067 per share, with a yield of 1.0%, scheduled to be paid on August 21st.

Cookson Peirce & Co. Inc. raised its position in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 39.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,632 shares of the industrial products company's stock after purchasing an additional 12,701 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in MUELLER WATER PRODUCTS were worth $1,135,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MWA. Optiver Holding B.V. purchased a new position in shares of MUELLER WATER PRODUCTS in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC raised its holdings in shares of MUELLER WATER PRODUCTS by 171.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock valued at $40,000 after buying an additional 1,113 shares during the period. Byrne Asset Management LLC raised its holdings in shares of 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 period. Olde Wealth Management LLC purchased a new stake in shares of MUELLER WATER PRODUCTS during the 1st quarter valued at about $42,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of 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 valued at $43,000 after buying an additional 1,104 shares during the period. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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 stock. According to data from MarketBeat.com, MUELLER WATER PRODUCTS presently has a consensus rating of "Hold" and an average price target of $28.33.

MUELLER WATER PRODUCTS Stock Down 0.4%

MWA stock traded down $0.0950 during midday trading on Wednesday, hitting $26.3050. 81,489 shares of the company's stock were exchanged, compared to its average volume of 1,799,803. The company has a current ratio of 3.86, a quick ratio of 2.56 and a debt-to-equity ratio of 0.48. MUELLER WATER PRODUCTS has a 12-month low of $19.23 and a 12-month high of $28.58. The firm has a 50 day moving average price of $24.78 and a 200-day moving average price of $25.27. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.18.

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). 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 for the quarter, compared to analysts' expectations of $366.82 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. MUELLER WATER PRODUCTS's revenue for the quarter was up 6.6% compared to the same quarter last year. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. On average, analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current year.

MUELLER WATER PRODUCTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.067 per share. The ex-dividend date is Tuesday, August 12th. This represents a $0.27 annualized dividend and a yield of 1.0%. MUELLER WATER PRODUCTS's payout ratio is currently 28.72%.

Insiders Place Their Bets

In other MUELLER WATER PRODUCTS news, Director Thomas J. Hansen sold 24,005 shares of MUELLER WATER PRODUCTS stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $26.15, for a total transaction of $627,730.75. Following the sale, the director directly owned 86,163 shares in the company, valued at $2,253,162.45. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Suzanne G. Smith sold 8,621 shares of MUELLER WATER PRODUCTS 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 transaction, the chief accounting officer owned 761 shares of the company's stock, valued at approximately $20,067.57. The trade was a 91.89% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company 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.