Gamco Investors INC. ET AL Sells 110,452 Shares of MUELLER WATER PRODUCTS $MWA

Key Points

• Gamco Investors INC. ET AL reduced its stake in Mueller Water Products by 3.8%, now holding 2,801,104 shares valued at approximately $71.2 million, making it the firm's 22nd largest investment.
• Several other institutional investors have recently adjusted their positions in Mueller Water Products, with Nisa Investment Advisors LLC increasing its stake by 184.6% during the first quarter.
• Mueller Water Products reported a quarterly revenue of $380.3 million, slightly exceeding analyst estimates, although earnings per share fell short of expectations at $0.34.

Gamco Investors INC. ET AL cut its holdings in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,801,104 shares of the industrial products company's stock after selling 110,452 shares during the quarter. MUELLER WATER PRODUCTS makes up 0.8% of Gamco Investors INC. ET AL's portfolio, making the stock its 22nd largest position. Gamco Investors INC. ET AL owned about 1.79% of MUELLER WATER PRODUCTS worth $71,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optiver Holding B.V. bought a new stake in shares of MUELLER WATER PRODUCTS during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its holdings 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 purchasing an additional 1,113 shares during the last quarter. Byrne Asset Management LLC boosted its holdings 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 purchasing an additional 658 shares during the last quarter. Olde Wealth Management LLC bought a new position in shares of MUELLER WATER PRODUCTS during the 1st quarter valued at approximately $42,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock worth $43,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 91.68% of the company's stock.

MUELLER WATER PRODUCTS Price Performance

NYSE:MWA traded down $0.59 during trading hours on Friday, hitting $26.34. 801,532 shares of the stock traded hands, compared to its average volume of 1,127,985. The stock has a 50 day moving average price of $25.29 and a 200 day moving average price of $25.31. MUELLER WATER PRODUCTS has a 1 year low of $19.23 and a 1 year high of $28.58. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. 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 (NYSE:MWA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. The firm had revenue of $380.30 million for the quarter, compared to analysts' expectations of $366.82 million. During the same period in the previous year, the company posted $0.32 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. Sell-side analysts forecast that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of MUELLER WATER PRODUCTS from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, MUELLER WATER PRODUCTS presently has an average rating of "Hold" and an average price target of $28.33.

Insider Activity at MUELLER WATER PRODUCTS

In related news, Director Thomas J. Hansen sold 24,005 shares of the company's 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 of the company's stock, valued at approximately $2,253,162.45. This represents a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy purchased 1,110 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was acquired 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 approximately $389,160.20. This represents a 7.59% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 33,914 shares of company stock valued at $889,727. 1.10% of the stock is owned by 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.