Keeley Teton Advisors LLC Boosts Stock Position in 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 increased its position in shares of Mueller Water Products (NYSE:MWA - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Van Hulzen Asset Management LLC increased its stake in Mueller Water Products by 0.8% during the first quarter. Van Hulzen Asset Management LLC now owns 64,990 shares of the industrial products company's stock worth $1,652,000 after purchasing an additional 519 shares during the period. Byrne Asset Management LLC grew 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 valued at $40,000 after purchasing an additional 658 shares in the last quarter. Xponance Inc. grew its holdings in shares of Mueller Water Products by 6.0% in the first quarter. Xponance Inc. now owns 11,726 shares of the industrial products company's stock valued at $298,000 after purchasing an additional 660 shares in the last quarter. Summit Global Investments increased its stake in Mueller Water Products by 1.3% during the 1st quarter. Summit Global Investments now owns 54,437 shares of the industrial products company's stock worth $1,384,000 after buying an additional 687 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Mueller Water Products by 3.0% during the 4th quarter. Baird Financial Group Inc. now owns 24,702 shares of the industrial products company's stock worth $556,000 after buying an additional 722 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Mueller Water Products from a "hold" rating to a "buy" rating in a 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $28.33.

Insider Activity at Mueller Water Products

In other news, CAO Suzanne G. Smith sold 8,621 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $26.37, for a total value of $227,335.77. Following the transaction, the chief accounting officer owned 761 shares in the company, valued at approximately $20,067.57. This represents a 91.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian C. Healy bought 1,110 shares of the business's stock in a transaction dated Monday, July 7th. The shares were acquired at an average cost of $24.74 per share, for a total transaction of $27,461.40. Following the transaction, the director directly owned 15,730 shares in the company, valued at approximately $389,160.20. This represents a 7.59% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Mueller Water Products Stock Up 0.9%

Shares of NYSE:MWA opened at $27.13 on Wednesday. The firm's 50 day moving average price is $25.09 and its 200 day moving average price is $25.30. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. Mueller Water Products has a fifty-two week low of $19.23 and a fifty-two 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.

Mueller Water Products (NYSE:MWA - Get Free Report) last posted 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 return on equity of 20.89% and a net margin of 10.67%.The firm had revenue of $380.30 million for the quarter, compared to analyst estimates of $366.82 million. During the same quarter last year, the firm earned $0.32 EPS. The company's revenue was up 6.6% on a year-over-year basis. Mueller Water Products has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Mueller Water Products will post 1.24 earnings per share 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. Investors of record on Tuesday, August 12th were issued a $0.067 dividend. This represents a $0.27 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, August 12th. Mueller Water Products's dividend payout ratio is 27.66%.

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.

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