Intech Investment Management LLC Boosts Holdings in Mueller Water Products $MWA

Key Points

• Intech Investment Management LLC increased its stake in MUELLER WATER PRODUCTS by 27.2%, owning 100,344 shares valued at approximately $2.55 million as of the latest SEC filing.
• Other institutional investors including Vanguard Group Inc. and Allianz Asset Management also significantly boosted their positions, contributing to a total of 91.68% ownership by institutional investors in the company.
• MUELLER WATER PRODUCTS reported a net margin of 10.67% for the quarter and set FY 2025 guidance with expected earnings per share of 1.24, despite a slight miss on the EPS estimate for the last quarter.

Intech Investment Management LLC grew its stake in Mueller Water Products (NYSE:MWA - Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,344 shares of the industrial products company's stock after purchasing an additional 21,434 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Mueller Water Products worth $2,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC boosted its holdings in shares of Mueller Water Products by 73.1% in the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock worth $40,000 after buying an additional 658 shares during the last quarter. Olde Wealth Management LLC acquired a new position in Mueller Water Products in the 1st quarter worth approximately $42,000. Nisa Investment Advisors LLC grew its stake 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 worth $43,000 after purchasing an additional 1,104 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Mueller Water Products by 177.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 1,686 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Mueller Water Products in the 1st quarter valued at $73,000. 91.68% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Suzanne G. Smith sold 8,621 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $26.37, for a total transaction of $227,335.77. Following the transaction, the chief accounting officer directly owned 761 shares of the company's stock, valued at approximately $20,067.57. This trade represents a 91.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian C. Healy purchased 1,110 shares of the business's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $24.74 per share, with a total value of $27,461.40. Following the completion of the acquisition, the director owned 15,730 shares of the company's stock, valued at approximately $389,160.20. The trade was a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 34,664 shares of company stock valued at $909,819. 1.10% of the stock is currently owned by company insiders.

Mueller Water Products Stock Down 1.5%

Shares of MWA traded down $0.40 during trading hours on Friday, hitting $25.25. The stock had a trading volume of 4,411,733 shares, compared to its average volume of 1,017,164. Mueller Water Products has a 1-year low of $20.91 and a 1-year high of $28.58. The firm has a 50 day simple moving average of $25.67 and a 200-day simple moving average of $25.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The firm has a market capitalization of $3.95 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19.

Mueller Water Products (NYSE:MWA - Get Free Report) last announced its earnings results 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 company had revenue of $380.30 million during the quarter, compared to analysts' expectations of $366.82 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. Mueller Water Products has set its FY 2025 guidance at EPS. Sell-side analysts predict that Mueller Water Products will post 1.24 EPS for the current fiscal year.

Mueller Water Products Announces Dividend

The company also recently disclosed 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. This represents a $0.27 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, August 12th. Mueller Water Products's dividend payout ratio (DPR) is presently 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 research report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $28.33.

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.