Mueller Water Products $MWA Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its stake in Mueller Water Products by 46.1%, now holding approximately 0.20% of the company, valued at $7.77 million after selling over 261,000 shares.
• Mueller Water Products experienced a 2.2% decline in stock prices recently, opening at $26.34 with a market cap of $4.12 billion.
• The company reported $0.34 EPS for the last quarter, slightly missing estimates, while revenue increased by 6.6% year-over-year to $380.30 million.

Raymond James Financial Inc. cut its holdings in shares of Mueller Water Products (NYSE:MWA - Free Report) by 46.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 305,850 shares of the industrial products company's stock after selling 261,129 shares during the period. Raymond James Financial Inc. owned about 0.20% of Mueller Water Products worth $7,775,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Byrne Asset Management LLC grew its stake in shares of Mueller Water Products by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 658 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Mueller Water Products during the first quarter valued at about $42,000. Nisa Investment Advisors LLC grew its stake in shares of Mueller Water Products by 184.6% during the first quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 1,104 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Mueller Water Products by 171.8% during 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 acquiring an additional 1,113 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Mueller Water Products by 177.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,635 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 1,686 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Mueller Water Products Stock Down 2.2%

NYSE:MWA opened at $26.34 on Tuesday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19. Mueller Water Products has a one year low of $19.23 and a one year high of $28.58. The stock has a 50-day simple moving average of $25.35 and a 200 day simple moving average of $25.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86.

Mueller Water Products (NYSE:MWA - Get Free Report) last issued its earnings results 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). Mueller Water Products had a net margin of 10.67% and a return on equity of 20.89%. The company had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business's revenue was up 6.6% on a year-over-year basis. Mueller Water Products has set its FY 2025 guidance at EPS. Sell-side analysts predict 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. Shareholders of record on Tuesday, August 12th were paid a $0.067 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, August 12th. Mueller Water Products's payout ratio is presently 28.72%.

Insider Buying and Selling at Mueller Water Products

In other Mueller Water Products news, CAO Suzanne G. Smith sold 8,621 shares of Mueller Water Products stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $26.37, for a total value of $227,335.77. Following the completion of the transaction, the chief accounting officer directly owned 761 shares in the company, valued at $20,067.57. The trade was a 91.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brian C. Healy bought 1,110 shares of the firm's stock in a transaction on Monday, July 7th. The stock was bought 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 of the company's stock, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 33,914 shares of company stock worth $889,727 over the last ninety days. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Mueller Water Products from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Mueller Water Products currently has an average rating of "Hold" and a consensus price target of $28.33.

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.

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