Keeley Teton Advisors LLC Purchases 13,067 Shares of Mueller Water Products $MWA

Key Points

• Keeley Teton Advisors LLC increased its position in Mueller Water Products by 22.8% during the first quarter, owning 70,280 shares worth $1,787,000.
• Mueller Water Products received a rating upgrade from Wall Street Zen from "hold" to "buy", with a consensus price target of $28.33.
• The company recently announced a quarterly dividend of $0.067, representing an annual yield of 1.0%, with a payout ratio of 27.66%.

Keeley Teton Advisors LLC raised its position in Mueller Water Products (NYSE:MWA - Free Report) by 22.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 70,280 shares of the industrial products company's stock after acquiring an additional 13,067 shares during the period. Keeley Teton Advisors LLC's holdings in Mueller Water Products were worth $1,787,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Mueller Water Products by 16.8% in the 1st quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company's stock valued at $503,201,000 after purchasing an additional 2,840,895 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Mueller Water Products by 66.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,401,086 shares of the industrial products company's stock valued at $137,296,000 after buying an additional 2,152,096 shares during the last quarter. Invesco Ltd. increased its position in shares of Mueller Water Products by 21.6% during the first quarter. Invesco Ltd. now owns 4,880,108 shares of the industrial products company's stock worth $124,052,000 after acquiring an additional 865,977 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Mueller Water Products by 21.1% in the 1st quarter. Principal Financial Group Inc. now owns 3,651,340 shares of the industrial products company's stock worth $92,817,000 after acquiring an additional 636,331 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Mueller Water Products by 95.4% in the 1st quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company's stock worth $81,671,000 after acquiring an additional 1,568,247 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Mueller Water Products Stock Down 2.2%

Shares of MWA traded down $0.59 during trading hours on Monday, reaching $26.34. 801,532 shares of the stock traded hands, compared to its average volume of 1,094,306. Mueller Water Products has a 52 week low of $19.23 and a 52 week high of $28.58. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 1.39 and a beta of 1.19. The stock has a fifty day simple moving average of $25.29 and a 200 day simple moving average of $25.30. 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 (NYSE:MWA - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $380.30 million during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Tuesday, August 12th were paid a $0.067 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. 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 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $28.33.

Insider Activity

In other Mueller Water Products news, Director Brian C. Healy acquired 1,110 shares of Mueller Water Products stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average cost of $24.74 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Suzanne G. Smith sold 1,288 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $26.91, for a total value of $34,660.08. Following the sale, the chief accounting officer owned 763 shares in the company, valued at approximately $20,532.33. This represents a 62.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,914 shares of company stock valued at $889,727 over the last quarter. Company insiders own 1.10% of the company's stock.

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.