Kestra Advisory Services LLC Takes Position in Mueller Water Products $MWA

Kestra Advisory Services LLC purchased a new position in Mueller Water Products (NYSE:MWA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,434 shares of the industrial products company's stock, valued at approximately $1,002,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Mueller Water Products by 16.8% in the first quarter. Vanguard Group Inc. now owns 19,795,482 shares of the industrial products company's stock worth $503,201,000 after acquiring an additional 2,840,895 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position 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 period. Invesco Ltd. boosted 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 valued at $124,052,000 after buying an additional 865,977 shares during the period. Principal Financial Group Inc. boosted its position in shares of Mueller Water Products by 21.1% during the first quarter. Principal Financial Group Inc. now owns 3,651,340 shares of the industrial products company's stock valued at $92,817,000 after buying an additional 636,331 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Mueller Water Products by 95.4% during the first quarter. Allianz Asset Management GmbH now owns 3,212,850 shares of the industrial products company's stock valued at $81,671,000 after buying an additional 1,568,247 shares during the period. Hedge funds and other institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research 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 data from MarketBeat.com, Mueller Water Products has a consensus rating of "Hold" and an average price target of $28.33.

Mueller Water Products Trading Up 2.5%

Shares of Mueller Water Products stock traded up $0.66 on Thursday, hitting $26.73. 550,896 shares of the company traded hands, compared to its average volume of 1,745,732. The stock's 50 day moving average price is $25.44 and its 200-day moving average price is $25.31. 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 has a 52 week low of $19.23 and a 52 week high of $28.58. The company has a market cap of $4.18 billion, a PE ratio of 28.43, a PEG ratio of 1.39 and a beta of 1.19.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $0.34 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 the consensus estimate of $366.82 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. Equities research analysts predict that Mueller Water Products will post 1.24 EPS for the current year.

Mueller Water Products Announces Dividend

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. 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 payout ratio is 28.72%.

Insider Transactions at Mueller Water Products

In other news, CAO Suzanne G. Smith sold 8,621 shares of the company'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 represents a 91.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian C. Healy purchased 1,110 shares of Mueller Water Products 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 completion of the transaction, 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 position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 33,914 shares of company stock valued at $889,727. Corporate 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.