MUELLER WATER PRODUCTS $MWA Shares Purchased by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P increased its holdings in Mueller Water Products by 32.1% in Q1, owning 102,141 shares worth approximately $2.6 million.
• Mueller Water Products announced a $0.067 quarterly dividend with an annualized rate of $0.27, yielding about 1.0%.
• The company's stock experienced a 4.7% increase, and it reported 6.6% revenue growth year-over-year despite missing EPS expectations by $0.01.

Martingale Asset Management L P increased its holdings in shares of MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 32.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,141 shares of the industrial products company's stock after purchasing an additional 24,813 shares during the quarter. Martingale Asset Management L P owned 0.07% of MUELLER WATER PRODUCTS worth $2,596,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in MUELLER WATER PRODUCTS during the 1st quarter worth approximately $502,000. Envestnet Asset Management Inc. increased its position in MUELLER WATER PRODUCTS by 354.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 318,939 shares of the industrial products company's stock worth $8,107,000 after purchasing an additional 248,733 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in MUELLER WATER PRODUCTS by 45.6% in the 1st quarter. Handelsbanken Fonder AB now owns 52,336 shares of the industrial products company's stock worth $1,330,000 after acquiring an additional 16,400 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in MUELLER WATER PRODUCTS in the 1st quarter worth approximately $287,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in MUELLER WATER PRODUCTS in the 1st quarter worth approximately $217,000. Institutional investors and hedge funds own 91.68% of the company's stock.

MUELLER WATER PRODUCTS Stock Up 4.7%

NYSE MWA opened at $27.1820 on Friday. The stock has a market cap of $4.25 billion, a PE ratio of 28.92, a P/E/G ratio of 1.37 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 business has a 50 day moving average price of $24.94 and a two-hundred day moving average price of $25.32. 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 released its 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). The business had revenue of $380.30 million for 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 business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that MUELLER WATER PRODUCTS will post 1.24 EPS 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. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.067 per share. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS's dividend payout ratio is 28.72%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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 stock. According to MarketBeat.com, MUELLER WATER PRODUCTS presently has a consensus rating of "Hold" and an average price target of $28.33.

Insider Activity

In other news, CAO Suzanne G. Smith sold 8,621 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian C. Healy bought 1,110 shares of MUELLER WATER PRODUCTS 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 purchase, the director owned 15,730 shares in the company, valued at approximately $389,160.20. The trade was a 7.59% increase in their position. The disclosure for this purchase can be found here. 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.

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