Driehaus Capital Management LLC Has $19.56 Million Stock Holdings in MUELLER WATER PRODUCTS $MWA

Key Points

• Driehaus Capital Management LLC reduced its stake in Mueller Water Products by 19% in Q1, selling 180,131 shares and retaining approximately 769,270 shares valued at $19.56 million.
• In the recent quarter, insider selling activity included Director Thomas J. Hansen, who sold 24,005 shares, marking a 21.79% decrease in his position, while the company stock saw a 2.2% decline recently.
• Mueller Water Products reported Q2 earnings of $0.34 EPS, slightly missing estimates, but showing a revenue increase of 6.6% year-over-year, with a net margin of 10.67%.

Driehaus Capital Management LLC lessened its stake in MUELLER WATER PRODUCTS (NYSE:MWA - Free Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 769,270 shares of the industrial products company's stock after selling 180,131 shares during the quarter. Driehaus Capital Management LLC owned 0.49% of MUELLER WATER PRODUCTS worth $19,555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MWA. Tower Research Capital LLC TRC boosted its holdings in shares of MUELLER WATER PRODUCTS by 171.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company's stock valued at $40,000 after buying an additional 1,113 shares during the period. Byrne Asset Management LLC boosted 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 buying an additional 658 shares during the period. Olde Wealth Management LLC acquired a new position in shares of MUELLER WATER PRODUCTS in the first quarter valued at approximately $42,000. Nisa Investment Advisors LLC boosted its holdings in shares of MUELLER WATER PRODUCTS by 184.6% in the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock valued at $43,000 after buying an additional 1,104 shares during the period. Finally, Gen Wealth Partners Inc acquired a new position in shares of MUELLER WATER PRODUCTS in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 91.68% of the company's stock.

MUELLER WATER PRODUCTS Stock Performance

NYSE MWA traded up $0.66 on Thursday, hitting $26.73. 550,896 shares of the stock were exchanged, compared to its average volume of 832,344. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.86 and a quick ratio of 2.56. The business's fifty day moving average is $25.49 and its 200 day moving average is $25.31. MUELLER WATER PRODUCTS has a 52 week low of $19.23 and a 52 week high of $28.58. The company has a market capitalization of $4.18 billion, a PE ratio of 28.43, a P/E/G ratio of 1.38 and a beta of 1.19.

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 earnings per share (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 the consensus estimate of $366.82 million. During the same period last year, the company posted $0.32 earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. MUELLER WATER PRODUCTS has set its FY 2025 guidance at EPS. Research analysts anticipate that MUELLER WATER PRODUCTS will post 1.24 EPS for the current fiscal year.

MUELLER WATER PRODUCTS Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, August 12th. MUELLER WATER PRODUCTS's dividend payout ratio (DPR) is currently 28.72%.

Wall Street Analyst Weigh In

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 given a Hold rating to the company's stock. According to MarketBeat.com, MUELLER WATER PRODUCTS has a consensus rating of "Hold" and a consensus target price of $28.33.

Insider Transactions at MUELLER WATER PRODUCTS

In related news, Director Brian C. Healy bought 1,110 shares of the business's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $24.74 per share, for a total transaction of $27,461.40. Following the purchase, the director owned 15,730 shares in the company, valued at $389,160.20. This represents a 7.59% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Hansen sold 24,005 shares of the firm's stock in a transaction dated 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 owned 86,163 shares of the company's stock, valued at approximately $2,253,162.45. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,914 shares of company stock worth $889,727. 1.10% of the stock is owned by insiders.

About MUELLER WATER PRODUCTS

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.