Martingale Asset Management L P Raises Stock Position in Mueller Water Products $MWA

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 lifted its holdings in shares of Mueller Water Products (NYSE:MWA - Free Report) by 32.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,141 shares of the industrial products company's stock after acquiring an additional 24,813 shares during the period. Martingale Asset Management L P owned approximately 0.07% of Mueller Water Products worth $2,596,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in shares of Mueller Water Products by 24.8% in the fourth quarter. LPL Financial LLC now owns 17,727 shares of the industrial products company's stock worth $399,000 after acquiring an additional 3,520 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Mueller Water Products by 6.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 70,206 shares of the industrial products company's stock valued at $1,580,000 after acquiring an additional 4,292 shares in the last quarter. Barclays PLC lifted its stake in shares of Mueller Water Products by 11.0% in the 4th quarter. Barclays PLC now owns 295,429 shares of the industrial products company's stock valued at $6,647,000 after purchasing an additional 29,274 shares during the period. Mariner LLC bought a new stake in shares of Mueller Water Products in the 4th quarter worth approximately $203,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Mueller Water Products by 6.6% in the fourth quarter. MetLife Investment Management LLC now owns 94,813 shares of the industrial products company's stock worth $2,133,000 after buying an additional 5,900 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

Mueller Water Products Stock Down 1.4%

Shares of Mueller Water Products stock traded down $0.37 during trading on Thursday, reaching $26.89. The company's stock had a trading volume of 145,285 shares, compared to its average volume of 1,762,797. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.43 and a beta of 1.18. Mueller Water Products has a 1-year low of $19.23 and a 1-year 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. The company has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $25.32.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued 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). The business had revenue of $380.30 million for the quarter, compared to analysts' expectations of $366.82 million. Mueller Water Products had a return on equity of 20.89% and a net margin of 10.67%.The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Mueller Water Products has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Mueller Water Products will post 1.24 earnings per share for the current year.

Mueller Water Products Announces Dividend

The company also recently declared 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 of this dividend 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 is 28.72%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Mueller Water Products from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $28.33.

Insider Transactions at Mueller Water Products

In related news, CAO Suzanne G. Smith sold 8,621 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were 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 owned 761 shares of the company's stock, valued at approximately $20,067.57. This trade represents a 91.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 24,005 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $26.15, for a total transaction of $627,730.75. Following the sale, the director directly owned 86,163 shares in the company, valued at approximately $2,253,162.45. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale 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.