Ieq Capital LLC Invests $402,000 in MUELLER WATER PRODUCTS $MWA

Key Points

• Ieq Capital LLC has acquired a new position in Mueller Water Products (NYSE: MWA) by purchasing 15,834 shares valued at approximately $402,000. This investment is part of a trend where other institutional investors have also increased their holdings in the company.
• In the most recent quarter, insiders sold a total of 33,914 shares of Mueller Water Products stock worth approximately $889,727, while one director also increased their ownership.
• Mueller Water Products recently announced a quarterly dividend of $0.067 per share, reflecting an annualized yield of 1.0%, with a payout ratio of 28.72%.

Ieq Capital LLC acquired a new stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,834 shares of the industrial products company's stock, valued at approximately $402,000.

A number of other hedge funds have also made changes to their positions in MWA. Tower Research Capital LLC TRC increased its stake in shares of 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 valued at $40,000 after acquiring an additional 1,113 shares during the period. Byrne Asset Management LLC increased its stake in shares of 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 valued at $40,000 after acquiring an additional 658 shares during the period. Olde Wealth Management LLC acquired a new position in shares of MUELLER WATER PRODUCTS during the first quarter valued at approximately $42,000. Nisa Investment Advisors LLC increased its stake in shares of MUELLER WATER PRODUCTS by 184.6% during the first 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 during the period. Finally, Gen Wealth Partners Inc acquired a new position in MUELLER WATER PRODUCTS in the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at MUELLER WATER PRODUCTS

In related news, Director Thomas J. Hansen sold 24,005 shares of MUELLER WATER PRODUCTS 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 completion of the sale, the director owned 86,163 shares of the company's stock, valued at approximately $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 accessible through this link. Also, CAO Suzanne G. Smith sold 1,288 shares of MUELLER WATER PRODUCTS stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $26.91, for a total transaction of $34,660.08. Following the completion of the sale, the chief accounting officer directly owned 763 shares of the company's stock, valued at approximately $20,532.33. The trade was a 62.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,664 shares of company stock valued at $909,819. Insiders own 1.10% of the company's stock.

MUELLER WATER PRODUCTS Trading Up 0.1%

MUELLER WATER PRODUCTS stock traded up $0.03 during midday trading on Wednesday, reaching $24.68. The stock had a trading volume of 2,381,378 shares, compared to its average volume of 812,265. The firm's fifty day simple moving average is $25.60 and its two-hundred day simple moving average is $25.29. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.30 and a beta of 1.19. MUELLER WATER PRODUCTS has a twelve month low of $19.28 and a twelve month high of $28.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56.

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 for 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 company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. Equities analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Tuesday, August 12th were paid a $0.067 dividend. This represents a $0.27 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, August 12th. MUELLER WATER PRODUCTS's payout ratio is presently 28.72%.

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.