Hsbc Holdings PLC Has $1.79 Million Stake in Mueller Water Products $MWA

Key Points

• Hsbc Holdings PLC reduced its position in Mueller Water Products by 14.9%, selling 12,402 shares during the first quarter, now holding 70,671 shares worth approximately $1.79 million.
• Multiple large investors increased their stakes; notably, Vanguard Group raised its position by 16.8%, and Allianz Asset Management grew its holdings by 95.4%.
• Mueller Water Products reported $0.34 earnings per share last quarter, slightly missing expectations, but achieved a 6.6% year-over-year revenue growth with revenue totaling $380.3 million.

Hsbc Holdings PLC decreased its position in Mueller Water Products (NYSE:MWA - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,671 shares of the industrial products company's stock after selling 12,402 shares during the quarter. Hsbc Holdings PLC's holdings in Mueller Water Products were worth $1,786,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Mueller Water Products by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock worth $40,000 after acquiring an additional 1,113 shares in the last quarter. Byrne Asset Management LLC raised its stake in shares of Mueller Water Products by 73.1% in the 1st quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 658 shares in the last quarter. Olde Wealth Management LLC bought a new position in shares of Mueller Water Products in the 1st quarter valued at approximately $42,000. Nisa Investment Advisors LLC raised its stake 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 valued at $43,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in Mueller Water Products in the 4th quarter valued at approximately $65,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Trading Up 0.0%

NYSE MWA traded up $0.01 on Tuesday, reaching $26.37. The company had a trading volume of 296,168 shares, compared to its average volume of 1,751,007. Mueller Water Products has a 52 week low of $19.23 and a 52 week 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 stock has a market cap of $4.12 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.39 and a beta of 1.19. The stock's 50 day moving average is $25.35 and its 200-day moving average is $25.29.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted 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 business had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The firm's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. Mueller Water Products has set its FY 2025 guidance at EPS. Equities analysts predict that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were given a dividend of $0.067 per share. 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 is currently 28.72%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CAO Suzanne G. Smith sold 1,288 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total transaction of $34,660.08. Following the sale, the chief accounting officer owned 763 shares of the company's stock, valued at $20,532.33. This represents a 62.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Hansen sold 24,005 shares of the firm's stock in a transaction on Monday, August 18th. The shares were 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 approximately $2,253,162.45. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,914 shares of company stock valued at $889,727 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

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.